Account Closed
BRRRR -vs- Traditional 20% down, buy-hold-rent with 15+% coc-roi
I was investigating buying a house to rehab. I found a great bargain and was was thinking about going the BRRRR rout but WOW!!! I have to be honest and say that scares the sh&^#@!!#t out of me. I DO see the benefi...
Astrid Dymond
Applicant offers to pre-pay a year's rent in cash
I just had a prospective tenant tell me that he would want to pre-pay the yearly rental fee in cash upfront because "that is just the way he does business." My gut tells me that this is a red flag. I would still scr...
Darryl Griffin-Simmons
Financing for first rental property
Hello BP Family,I’m new to real estate investing and have been binge watching BP YouTube videos this last week. I’m interested in multi family properties and want to land my first property this year. So, I’d love to m...
Leslie Johnston
Divorce settlement 10 years ago unclear about ownership of house
My husband and I were divorced in 2012. We filed the paperwork ourselves without an attorney. On the property / assets / debts portion it states under his name "debts" (mostly credit card debt) and "asset: House Prope...
Terri Dyer
Lima One Lending Complaints
I’m looking for others that have had issues with Lima One lending. Many of the issues I have had and seen Others on the forums include; them jacking up interest rates without informing the consumer right before closi...
Jacob Cast
Renting out bedrooms in my house
Good morning,
I recently moved to Arnold and bought a 4 bedroom house. I have someone who wants to rent out a few bedrooms, my question is what steps do I need to take ensure this is successful? Also is there any tro...
Phuong Tran
New investor seeks info on syndication, fixer uppers, more
A warm greeting to all from the balmy tropics of Bangkok where I have lived since 2010. I have been out of the US for work since 2006, sold my one piece of real estate I owned there in 2016, and am looking to diversi...
Devin James
Mortgage Rate Drops
Every time mortgage rates drop, we see significant increase in Buyer activity. When mortgage rates dropped earlier this month, we received a significant amount of showing requests on our listed homes, which ultimately...
Account Closed
Burned on foreclosure purchase
I was wondering if there is any investors who would be willing to share a horror story on a foreclosure they bought only to find they got more than they bargained for.To get the ball rolling he is one of mine.The stor...
Justin Wilcox
How to reject an applicant for rent?
I have a room for rent and I happen to know that the person who wants to rent it would not be a good tenant because they have had not paid their rent in the past and cause problems for other tenants. It was not docume...