Would like some feedback from lenders for a tough situation here in California.Background: 1) Flipper borrowed $ from HML (1st position)2) We provided gap funding (2nd position), terms are to be paid upon sale3) Flipp...

Investor stories from the trenches.

Hello all! I am just starting to build a plan to start a REI business for myself.

My plan is to have REI be my main source of income in 3 years.

I have be readi...

Alright...that is all done and I can move on...phew..
So heres how the deal broke down.
I paid 162K for the property
Spent 33K on the rehab which took 8 weeks.
Closing, holding, and closing again cost a total of 16K.
...

Hi I am furnishing my triplex in Cleveland and there is an appliance shortage. Many are on back-order and even the scratch and dent places have limited stock. I spoke with my contractor and he mentioned that for his r...

Hi BP community!
I live in a condo located in Walnut Creek that I plan to rent out in the future. I purchased it for approximately $500k, and it is now valued at $635k. My mortgage interest rate is 3%. However, the ...

I am a landlord in CA and have tenants who moved out July 1st.  Following the walkthrough the kitchen sink faucet was noticed to be leaking beyond repair (unreported). The next day, a plumber installed and had to acce...

Hello! This is the first time I need to think about eviction (I haven't been a landlord for that long...) and definitely need some help. A woman has been renting my condo. She usually has to split payments but was abl...

Alright experienced flippers that are kind enough to partner with newbies - how much information do you want from a potential newbie partner when they're pitching a lead on an off-market deal from a motivated sller, i...

I just closed (8/18/15) on my first ever investment property which happens to be my first house as well. I bought a Triplex and plan on living in one of the units and renting out the other two. My father who has helpe...

Hey Bigger Pockets Gang,I am elated to say I sold my first investment property last week, as an Agent/Owner nonetheless.  Before I became an agent, a friend told me about bigger pockets, and I must have listened to 30...