Jeanette Czachur
Deals with friends-are we unreasonable?
Long time friend (40+ yrs) approached us and offered to finance RE ventures 100% up to $300k. Reluctant to do business with friends but he persists. So I tell hubby to pin down the terms...first friend says keep tra...
Kyle Marek
Anyone up for East Bay meetup?
Throwing a line out there for anyone who's down for a beer or coffee and discuss real estate! My interests are buy and hold for cash flow, but I've been floating around the idea of wholesaling in the Bay Area. I'm loc...
Wagner Nolasco
TAMING INFLATION: VOLCKER IN 1979 AND POWELL IN 2022
On Wednesday, September 21, 2022 at 2:00 pm, the Federal Reserve Bank raised short-term rates by 0.75% to fight inflation. The Fed’s benchmark interest rate is now between 3 percent and 3.25 percent.
The interest rat...
Bienes Raices
Multiple adult applicants and income
I've heard to screen each adult applicant. But in what cases do you reject the whole group when one person has enough income but the other doesn't? For example, you could have a husband that works and a stay at home m...
Patricia McLean
How do you get a stolen house back???
Hello BP, I am working with a seller who through follow up I reached out to and has informed met that someone has acquired her home and has moved into it without her knowledge. Her home has been vacant for some time n...
Kyle Sutton
Partnerships - What have they looked like?
I'm curious about the various ways investors here have structured their partnerships. How did you split the workload? How much did you contribute to the deal? How much do you get out of the deal? Did you flip or h...
Henry Clark
Mentor 12- Graduating High School
My two high school helpers put a full day in today. Planting trees in the cold mist today. Then traveling 40 minutes away to help on storm wind damage from last night. They both graduate in a month. Luke wil...
Cory Melious
How to treat additional tenants on the lease?
Hi everyone. I'm trying to add language to my lease addendum that clearly states additional tenants. We have a tenant moving out who is the sole person on the lease. Evidently, they had their brother and girlfriend li...
Rao V.
Buying an inherited property
Hi,I am in discussion with a person who says he inherited a property. What due diligence do I need to make sure he is only one heir. Can I complete the transaction using a realtor or do I need to hire a real estate at...
Steve Kim
Residual Fee for commercial lease
I am purchasing a commercial property that is being managed by PM. He is charging 6 % of gross rent for managing the property.Upon reviewing the current P & L statement, I saw a fee call "residual fee", I have ne...