Wilson Tao
Can I accept the 1 year prepaid rent from tenants?
HI,I am a new landlord and am listing my first house for rental. There is an applicant who is self employed and wanted to pay me 1 year rental in advance to resolve my concerns about his income. Can I accept the prepa...
Robin Ferrier
Buying notes - rates of discount
Hi, I am new to the concept of holding notes as I am contemplating offering my property with seller finance. I have a property I would like to sell for 30k. If I were to receive money down of say 10k (probably less) ...
Account Closed
Convert Special Warranty to General Warranty
Hi this is my first post and I have been reading all the useful information on this site. I am happy to see that most people at BP are very helpful towards their fellow investors. I would like to know by what proces...
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Liability Coverage for a Flip
Curious to get opinions on insurance coverage for a flip I am working on. It's a single-family house. Total gut to studs and subfloors. When I closed, I bought a Builder's Risk policy for the maximum amount I could lo...
Michael Murray
Can I loan my partner SDira funds to do a flip?
I am partnering with a friend on a flip. Part of his funds will come from my SDira. He will be signing a promissory note and borrowing money from my SDira and paying interest. He will then use this money to help pay f...
Brian Pyle
Trouble Locating Current Holder of 2nd Mortgage
I am the note owner on a NP 1st mortgage on a property in Alabama. The property owner has moved out and has agreed to enter into a DIL agreement. There is a NP 2nd mortgage on the property that I would like to eithe...
Collin Hays
Gatlinburg Pigeon Forge this Memorial weekend - webcams
The Thursday before Memorial Day weekend. This is the slowest Memorial Day weekend, in terms of occupancy, that we have experienced in 19 years of business. Many properties are unrented, even at heavily discounted rat...
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Double Closing
Hello everyone,
I have a few questions about double closings, who is actually paying the closing costs for both closings? When I get the buyer do I then contact the title agency and tell them i need a double closing?...
Rob Beland
Need help tonight BP. I'm writing an offer for a sandwich lease (I think)
Hey BPers...I need some help tonight. I'm looking at purchasing a SFR from a friend and we discussed two options. The asking price is $85K. Rent is $850/month and the tenant has been there for about three years. Good ...
Morgan Wallace
Newbie from Greeley, Colorado
Hello, BP!My name is Morgan Wallace, and I am here working to become a Real Estate Entrepreneur. My goal in real estate is to eventually build up enough passive income to overtake my active income (biomedical engineer...