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I own a home in New Orleans, Algiers Point. I bought it just before Covid and it doesn't really fit my plans going forward, but it's actually in a great spot and well set up for people looking to work at home. I curre...
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Last month, I changed up the content to discuss closing on a home with a Fannie Mae Homestyle loan. This month, I thought I put in another little twist on conducting proper due diligence with acquiring property. I wil...
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Hello BP Nation, I recently purchased a 3B/1.5B townhouse for $176K in East Baltimore County, MD. My property manager and I set the rent at $1800. The median rent for the zipcode is $1500. There are very few rentals ...
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Hi everyone,I am a new landlord in Montgomery County, PA and I am looking for a real estate attorney.I am in the process of researching my options and was wondering what you all would recommend to look for or ask in i...
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So I happened to get a non-assignable property under contract for 42k that needs 18k worth of work that can be turned in 90 days for 120k with solid comps in a desirable area. Super duper excited right...
Problem is ...
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Trying to make my first HUD offer. I'm working with the listing agent of a property and am trying to make a cash offer of 30k. The agent is asking for a bank statement to show proof of funds. I don't want the agen...
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Mailed 500 postcards on Monday, got one call take me off your list. Would love to hear from the experienced investors, what was your response rate after first, second and third mailing?
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I'm taking a page out of Arthur Garcia's book (awesome podcast Arthur - thank you!) and making the rounds of the community banks to find out more about overlays and underwriting rules for loan #4, 5, and beyond.
For...
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Hello again. I wanted to see if anyone could tell me if this seems like a typical management agreement.I won't bore you with all 7 pages... here is a brief description of the contract
8%/month
50% of fi...
I have two deals in front of me where the borrowers will not participate in a short sale but are willing to deed their properties to me. Neither property has had any foreclosure actions or collection activity. Neith...