Diana Johnson
On the fence about the background check results
I got the results back from a tenant background check. She is 28. Credit is perfect, but she's got four criminal results. 2 are from 6 years ago (marijuana/traffic), 1 is four years ago for $1,000 of property destr...
Timothy W.
An investor just blew $45,000. Want to know why?
An investor who had a fire at their property had full insurance coverage on the loss, the policy was in force, had about $90,000.00 in damage, had a limit of insurance of 1.5 million dollars, and was a clear cut case ...
Christina R.
Short sale where bank hasn't approved price
There is a short sale on the MLS in my market that is very, very close to where I live. If I were to someone acquire this property I would rehab and it a sell it. I have a few questions -
* Is the listing a...
Greg Koszkul
How much should you fix up in a property?
Hello! When you are analyzing deals, how best can you estimate what the rehab costs would be for the property, especially if you are not local to the area and are judging mainly based off of the pictures?
Chris Seveney
The Perfect Note To Buy
Hello fellow BP Members. As a buyer and seller of loans (and real estate), trying to find the perfect note is like trying to find the perfect spouse. If you truly want to tie the knot, you have to realize that no pers...
Michele Velazquez
Keep Tenant or Get Him Out
I have a MFU in Austell, GA which is managed by a PM. One tenant is paying $400 below market rent, he is often late for rent, and has returned checks. He is paying the least amount of all of the tenants. His lease i...
Vincent Russo
First Investment Property, Conventional Loan
Hello All,I have a place I am about to make an offer on in Baltimore, MD. Over the last few months while shopping for a place, I was told I need to put 20% down since this would not be my primary residence. It is too ...
Eli M.
A tenant with criminal records
Dear BP Community,I am reviewing an application for a potential tenant. this is a couple, not legally married, without kids.They are both in their early twenties (22), first time moving in together. They are willing t...
Account Closed
What materials to include in packet for private lenders?
So I'm trying to raise private money and have been looking at what other investors/friends in my area have been including in their info packets to private lenders and wanted to get more input if you have experience...
Joan Soto
Help! My 1st wholesale deal under contract hasn't sold.
Hello BP Community! I got my 1st wholesale deal under contract in Miami on July 21st, but it hasn't sold, and the contract expires on the 31st of this month. I'm new at this and fear I may have made a mistake either i...