Charles W.
New investor in Maryland
Hello BP Community!
I've only just discovered this forum last week, and can't believe the wealth of knowledge and sharing that I never knew existed! For months I've been reading BP articles and never noticed the foru...
Robert Jenkins
Started writing LOI's
Well this week i wrote on two homes, both investor owned and in dire need of repairs. How do you guys deal with the owners when you offer to buy them?
So far they have all been 70+yrs old and the homes are either in...
Ken Yearwood
How to structure private money deals?
Hi BiggerPockets,
I am a newbie looking to purchase my first rental property in the Greater NYC/NJ/CT area this year. I have a significant amount of interest from private investors and see myself being able to raise...
Jay L.
Does the Lender provide the LOI?
I am negotiating with an agent for a lender on an REO 5-unit bldg in Michigan. The bldg was originally listed for 130k with 3 units occupied. After about 4 mos on the market, it was discounted down to 50k with 1 unit ...
John Reid
Should this money be taxed in an owner-financing deal?
I'm not sure if taxes will be owed on this amount of money or not. Here is some background. I work with 3 partners. Our LLC worked out an owner-financing deal with an out of state homeowner for a local property. W...
Dorraine S.
Tenant's Ratio of Rent to Income?
What should the percentage of the tenant's rent be to their income? Not sure if I even know how to ask the question properly. Sorry. I want to make sure the tenant can afford the rent. Should the tenant's rent be ...
Alex Moazeni
Net cash flow per year.
Is it normal to make $3500 net income per single family house?What I mean by that, is after everything taxes, vacancy repair ant etc.
Jay Hinrichs
Portland Oregon rent control Opportunity knocks ?
I had the good fortune to be the guest speaker this month at My Rarebird real estate investors club here in Portland. The owners of the club are two very very sharp guys and hyper tuned into the local market.. to the...
Kurt Krotz
First Deal. Great Cashflow. Banks Won't Lend.
First time posting here. Currently under contract with my my first rental property. My partner and I live in NYC and the properties are located in upstate NY, about 5 hours away. Every bank we have applied through has...
Russell Buxton
Bernie Saunders as President? - Impact on housing market?
What are people's thoughts on the impact of a Sanders's Presidency on the housing market? Also, where might there be opportunities? (Excuse typo in his name)
From his website:End the housing crisis by investing $2.5 ...