Brad Fausett
Buying from Holton Wise- poor communication
I made a offer on a property HW has listed via my agent yesterday. All cash, 7k under 135k ask after determining the flat roof was in need of repairs. My agent followed up later in the day after submitting the off...
Rob Street
Buying non-performing note of abandoned property
I am interested in buying a non-performing note of a property in California that is tied up in BK and has been abandoned for several months. Ultimately I would like to foreclose and acquire the property. The former ow...
Aaron Kawamoto
Huntsville AL Questions?
Hi BP, my name is Aaron Kawamoto, I'm a real estate investor from Mililani, Hawaii. I recently completed a cash out re-fi, and I'm looking to invest some capital OOS (SFR/MFR). I'm very interested in Huntsville for ...
Kenneth McCormick
The best way to buy from a close relative?
Preface: Fairly new to all this.I have the opportunity to buy a two unit property, where we currently live in both units, from my brother. I intend to purchase the property, live in one side and rent the other when he...
Alex R.
Financing with a short sale on your credit
Hello BP,I am interested in purchasing a duplex in Miami. My situation is as follows:My previous deals have been all cash but now I would like to finance my next deal.I have a short sale that closed early 2012. My cre...
Josh Hitt
New in Pensacola FL and Eager to Start Investing
Hey all!
I'm fresh out of college and just got down to beautiful Pensacola to start training with the Navy. I've always loved the idea of REI but always figured it was either too difficult to compete or only for th...
Adam Campbell
Looking to start investing with little money
Hey guys! I'm new to the community and was wondering on what the best way was to finance my first home purchase was. I've talked to a friend who is taking out a heloc and paying for the down payment that way, taking...
Rebecca Morrell
HELP! Answers for 2 questions
Hi, everyone!
First-time investor, I have been researching for 2+ years, and I am ready and chomping at the bit to get started...
Initially I was headed toward foreclosures, then pre-foreclosures, and now I am think...
Daniel Jodrey
HUD Homes- Pros and Cons
Hello BP World!I have been with BP for a few weeks and have learned an incredible amount. Knowing very minimally of what I am talking about, I cant help but be drawn to a HUD home as a first investment. Ultimately, I ...
Chris Ruud
50% rule seems high?
I've been reading about the 50% rule (a quick way to estimate expenses being 50% of gross rental income) and have tried to apply it to properties for sale and it always comes out consistently too high. The numbers I'...