Jonathan Orr
2nd deed of trust filing
Hey BP, I am setteling a lawsuit and a portion of the settlement is that I am securing my settlement with a 2nd trust deed on a property the defendant owner. To paint the picture, the building is worth approximately ...
Pete Woelfel
Tenants not getting along - allegations of threats
I have a duplex I self manage where the tenants are not getting along. There has been petty stuff for a while that I've tried to stay out of. It sounds like it reached a boiling point on Saturday night. Lower level...
Simon Stahl
What does "buy for cash" actually exactly mean?
When using the phrase "buying for cash", what does that actually exactly mean? Does that mean that person does have the whole amount in their bank account? Or does it mean that person is using a HM lender that can com...
John Geldert
How to decide lien position with two private lenders
I have found a deal and it will be purchased with a partner as a JV. Now if we both bring in private money how do you decide who gets 1st or second position? I currently have an LLC in which the house can go under. A...
Garett Scott
Potential Deal - Commercial Building - (9) Apartments, Commercial Space
Over the last two weeks I have been fortunate to analyze a few deals.
This particular deal is a 9-unit apartment building with store frontage and a restaurant. (Most of the apartments are Section 8, located...
Abhay K.
starting out 'due diligence' advice
I am considering my first foreclosure auction purchase in san joaquin co. California in 100-200k range. After going through excellent compilation of past forum posts here, I have decided to restrict my attention ...
Pat Bruton
LLP or LLC???
I am converting a personal residence into a rental and am wondering what would be the benefit of starting an LLC compared to an LLP? The partner would be my wife. I am thinking of possibly the benefits of an LLP bei...
Nicole Bryan
Short sale to foreclose in less than one week. Need advise to save the deal please!
Hello!
I have an offer on a short sale that is scheduled to foreclose on 9/6. The commitment letter came in yesterday and there are several items that need to be taken care of prior to closing. The issue is t...
Bartosz Rosol
Multi-Family Permit (Philadelphia)
I am doing my due diligence prior to purchasing my first multi-family residence in Philadelphia. I have noticed that some properties are zoned as single-family residence, but operate as 2-4 units. After speaking with ...
Drew Dordan
Partners or no?
I'm interested in doing a flip in the Portland OR/ Vancouver WA area and I'm curious if anyone suggests pulling my money together with another partner to cover the costs. I feel like theres so many different costs ass...