Linda Roberts
Payment plan for unpaid rent
The tenant called me to explain that she has a medical issue and cannot pay next month's rent on time. Later, she informed me that she is unable to work and, as a result, can only pay some portion of the rent until th...
Justin Summers
Question on Step up basis for property owned by Father Son in LLC upon Death
My father and I bought a Vacation home in Florida 7 years ago for $500k and purchased it in an LLC .. The only purpose and use for this LLC was to purchase the property.. No other business or properties owned by the ...
Adam Schuette
What should I be aware of when offering seller financing on my land?
Hello,I have never done seller financing before and it would be on raw land. Are there any pitfalls that I should be aware of when having the contract written up? Or anything that I should be sure to add in the contract?
LaMancha Sims
Evaluating Cost of Capital - What's A Deal Breaker
What do you look for in a Private/ Hard Money lender when you are considering your cost of capital?
Account Closed
Flippidy DO DAH - Fix & Flipping Today & making a Mint
One of the most often asked questions is how to get started in flipping. Here is how I determine if I’m going to keep a flip as a “Buy & Hold” or Sell it to an end buyer. Since it’s actually a little complicated, ...
Alex Martinez
Pay Cash or Finance with BRRRR
Hi BP Community,
Can some BRRRR investors please share their thoughts on using cash vs financing when implementing this strategy? Please see my thought process below:
I haven't come across any posts on the using cas...
Jennie Berger
Chicago Granny Flats | ADU Ordinances | Update on Restrictions
Leave it to Chicago to make things even more difficult! Man, I don't see how the city should have ANY right to decide whom I rent MY unit out to in MY own home. We're not talking about a condo unit. Nope, a single fam...
John Matthew Johnston
Would You Do This Deal? Napkin Math
Deal5 plex- Four 2-1 and One 1-1Current rents 4650Possible to raise to 4800-5000Asking price 475,000, offer of 450,000 accepted. Place is in excellent condition and well maintained and fully rented. New roofAll new ba...
Alex Deal
Guess at Refi value?
Bought a 3/1 in cosmetically roughy shape with a dead central ac unit. Had some mold/mildew built up inside and very dirty white paint. Appraised for 70,000k. I installed new ac unit, repaired and painted outside, k...
Martin M.
Calling all reverse mortgage experts!
The facts:I’m looking at a property in foreclosure in IL. In 2010, there was a reverse mortgage taken out on the property for $280,000. Additional details:Page 1 of the Mortgage reads…ADJUSTABLE RATE HOME EQUITY CONVE...