Dawn Vought
Need Advice - Bank Approved Short Sale But Wants Promissory Note
I am hoping for some viable suggestions on this. Here are the facts (with numbers rounded):
-I own in my personal name an investment SFR in Birmingham, AL.
-Remaining mortgage (principal) on house is $...
Daniel Purcell
New Orleans STR Rules - Simplified (Residential Version)
Hey fellow BP'ers,So I've been getting PM's about the new rules and though I would post since there is a common theme: What the heck are the actual rules?The first thing that us non-lawyers need to understand is that ...
Megan Arzt
LIRP in lieu of ROTH...
I have done some initial research and found this a rather controversial subject but here goes...I am currently a pass through entity and file as such. This means that all of my income is passive and that I can't contr...
Steve A.
New Investor - Financing a Fix + Flip?
Hi everyone, we finally did it. Took the first step and put an offer on a property. Now we need to finance it. We spoke to Quicken and said they wouldn't finance our investment, because it wasn't a primary residence o...
Michael Gorence
looking for advise on structuring a deal
Hello, I'm just begging to invest in real estate. I've researched via podcasts and BP recommended books and webinars. With my limited time and experience, I decided to attempt to network and partner up on a deal. As m...
Cody Scholberg
The BRRRR Book's Strategy - Only Good in Theory??
I just got this BRRRR book, and it sounds like an awesome strategy on paper, but…. every time I’ve gone to a bank to refinance a rental – even one we owned outright and bought with cash, they have said that they will ...
Mary Mobley
getting the deal done
Over the last couple of years I have run across what I considered to be great deals I would like to act on. Then I freeze. I can't seem to get over the hurdle of getting the money to make the deal. I've read the bo...
Jim Lou
Is it legal to negotiate without a license if...
I have a financial interest in a property?Here's the scenario. I found a fsbo property for my buddy and he agreed to give me a 10% stake in the property if I negotiated a good price for him. Now the seller, since the ...
Brad Davis
Should Landlord Pay? Moving out tenants due to water leak.
I have a friend from my church who has suffered both financially and in her marriage relationship because they had to move from their apartment to a new apartment IN THE SAME COMPLEX. Their old apartment had reoccurri...
Patty Nelson
Investment Specialist
I am wondering if anyone can tell me the role of an "Investment Specialist" in buying / renovating/ selling...Are they usually involved in the remodeling process?