Paolo B.
1st DM campaign, I have a lead, but unsure because of loan mod?
Hi BP! I've been a wallflower on BP for a few months and I finally built up the courage to do my first DM campaign. I have a lead now that didn't ask me to take me off my mailing list. I'll try to be as detailed as po...
Caley Crossman
Using RRSP money for Rent to Own or Subject To ?
Is it possible to use your RRSP without penalty on a creative finance deal such as rent to own or subject to deals? I have a buyer with certain amount of cash but doesn't qualify for bank mortgage. Would be great to f...
Adam Lang
How to fund a down payment?
I am looking to purchase a few duplexes for rental properties and should be able to get the loans to do them but I don't have enough to cover the down payment. What is the best way to still be able to purchase the pro...
Justin Young
Use TSP for first home, any penalty to rent after one year?
Currently, my wife, our 3 children and I live with her parents. We sat down with our RE agent for the first time yesterday to discuss our goals with REI. Our plan is to finance our first home with at least a 20% DP, f...
Mike Kalob
"Real" Contractor Accepted Payment Terms
It seems every contractor wants at minimum 1/3rd, 1/3rd, 1/3rd (or more upfront), despite advice on here to not put more than 10% down.I've scoured the General Contractor Payments in the forums and it seems the ones w...
Shawn Ackerman
Accept partial rent or give a 5 day pay or quit notice.
Just wanted to throw this out there to see what you guys think. Here's the deal. Today my property manager went to one of my newly acquired rentals and the tenant states "Can I pay $400 today and $500 on Friday?". ...
Nicole Clemens
BRRR - success story
So I have a successful BRRR stories, but there were a handful of mistakes made which is why I am posting to see if you can point them out and learn some lessons. I bought said property in 2014. It was a short sale. ...
Brian Kempler
What percent of rent is a good rent credit?
Say market rents are $1,000 in the area. I'm thinking of offering about 20% as a rent credit. $900 pays for the lease, and a separate option contract gets a non-refundable $200 paid into it. Is that a fair split or do...
Aaron Norris
How will 100% consumer financing change your game in 2015?
On March 2, BBVA announced 100% financing for consumers in low to moderate income areas. They are also willing to help out with up to $4,500. While I haven't seen the program's full details, I'm certain they will have...
Nalo Coban
sick and tired of being sick and tired
I NEED to start creating cash flow, however I keep getting stuck when it comes time to get funding...
I have all these questions:
1-should I concentrate on my first flip or should I just start with one ...