Scott Winter
Lenders...what's the deal with the seasoning period?
So, I'm staring at David Greene's BRRRR book right now pg 232...Seasoning Period
"Many lenders don't want to finance something right after an investor buys it. This is because they want to make sure the property is ...
Steve Ramer
I think it may be mentor time
Hi guys,You might know that I own a couple of properties in KCMO from previous posts. Those are rentals, and they're doing okay. I've recently been divorced, and even though I have my kids 5 out of 14 days, my mainten...
Daniel A.
Excessive Profits. How much is too much?
I am starting this topic to open a dialogue regarding acceptable investor returns. What I mean by acceptable investor returns is as follows:
THE TOPIC:
At what point is the investor being greedy?
I will use the ex...
Chris Ferren
First Flip and Need Advice
Hey Everyone,
So I finally got a house under contract after about 10 previous offers on houses. This is a 3bed/2bath that is 1588 sq/ft and is an REO that needs mostly cosmetic work. I have it under contract for $1...
Eric Keller
FINALLY I am a investor! Purchased first flip
Hello BP,
My name is Eric and I am from St. Louis, MO. I have been lurking on BP for about 3 months now and wanted to share my story.
Graduated college a year ago and found myself working crappy j...
Ken D.
Can Security Deposit be used to pay for unlawful detainer?
1 tenant out of a group of 3 refused to pay her last portion of the last month's rent. I tried explaining to her why this wasn't acceptable and she still refused. Her roomates weren't willing to cover her portion o...
Travis Hewlett
How to take advantage and be ready the next crash?
Hello BP,The other day I was watching my favorite show, "The Grand Tour" (a spin-off from Top Gear), which is a hilarious car show where they test many different types of cars and supercars. Jeremy Clarkson, the sarca...
Jameson Sullivan
Hiring a lawyer for initial LLC formation
I just met with a lawyer this morning, he wants 1250 bucks to do my LLC formation papers, I understand I can do this online but I want to make sure that everything in the future that I do is air tight and Im willing t...
Sara Walters
First deal stuck in probate…
Hi all - I’m in the midst of my first deal and have hit a snag. I have an accepted offer on a distressed single family home in East Texas. My realtor had learned from the listing agent that the owner of the home had p...
Gardy Saturne
Cancelling Property Management Contract
I'm cancelling my property management contract with my PM. I'm an out of state investor from NY and my duplex is in ohio. My downstairs tenant has mentioned in the past when trying to reach out for some assistance it ...