What should we do with $500,000 cash borrowed at 3.5%? My partner and I are completing cash out refinances of some properties where we will have at least $500k cash to invest. Market is hot and I haven’t seen anything...
The Leading Index of Economic Indicators has been a pretty good indicator of a decline in economic activity, since it was published. The index uses nonfarm payroll employment, the unemployment rate, average hours work...
This post is mostly targeted at junior military officers at the beginning of their career. However, it is applicable to anyone who moves, either due to work or personal choice, around the country for work. Or it could...
My dad just sent me this link.
http://theextinctionprotocol.wordpress.com/2013/07/18/motor-city-goes-bust-largest-ever-municipal-bankruptcy-in-u-s-history/
What do you all think about the REI market in Detroit after...
Hi, I'm a first time house flipper and just bought my first foreclosed property for 108k. The comps in the area are anywhere between 200-220k. Ive been meeting with contractors everyday, but don't really know whats a ...
Hello BP, I hoping for the valued opinions of the BP community for my current predicament.A purchase agreement was signed by both parties for the price of $152,500 for a 3/2 owner occupied, with two 1/1’s attached ren...
Need to make a few decisions and I still don't have my big boy pants to make them! Bought 2 houses in the city of Oak Park here in Michigan, not a high end area but definitely a nice quiet/affordable city with very...
I have no idea how, but somehow my tenant moved her toilet half an inch. She either hit it somehow, or pushed it, or super hard plunged it, I'm not sure. But every time she flushed it, the water would rush/leak into t...
Hi! I'm a new investor. I own 3 properties. One is a STR in Joshua Tree, second is a cabin near Sequoia, and the third is a vacant lot in JT that I have listed for sale. I am interested in out of state investing (long...
Most Common Incorrect “Facts” by the Inexperienced
1. It’s “illegal” to purchase a property without the approval of the existing note holder (subject to)
2. If a property owner stops paying on a note the lender just...