Kim Handelman
Complicated Deal how to structure!
Hi All,This deal could be very lucrative but I don't know how to make it happen. It's 70 acres with a private lake in the middle. There are 5 homes clustered on the left side of the lake (these 5 houses can't be subdi...
Matt Pich-Maxon
70% LTV on Property #1 to qualify for conventional on Property #2
We bought our primary residence 10/06/2017. We found a Duplex that we would like to buy and make into our new primary residence using a conventional loan. I emailed a lender and she said I would need 70% LTV on our pr...
Carrie Penney
Buying my Mom's House/Tax Question/Tenant Problem
This is a little complicated to explain, but I'll try my best! My mom has gotten behind on her property taxes and her house (fully paid off) was set to go to auction on Tuesday, March 6.We (fiance and I) have just ove...
Account Closed
Section 8 Tenant has not paid tenant portion
Our section 8 tenant had a death in the family, and unable to pay this month's tenant portion. As a new investor, I wanted to begin prepping for what to expect going forward. We did issue a letter (reminder) of paymen...
Lawrence Gillett
How do you value a cash flow negative business?
Looking a buying a non-performing business of an art workshop franchise. Being a franchise, can't share any of the numbers (signed an NDA).
Labor costs are way too high, and the owner is barely involved. There's alw...
Soroush Mir Seraji
Is it too risky to invest in rental units far from your city of resident?
HelloI am from Vancouver BC but the market here is extremely over priced and chances of finding rental properties with decent cash flow are not that high.Recently I have been thinking of exploring other cities far fro...
Chad Clanton
How To Vet and Work With a Contractor
There comes a time for many of us starting out, particularly in rehabs, where we wonder what exactly our contractor is doing; or where he is; or why he needs more money RIGHT NOW?! In fact, that time seems to come for...
Astasia Drysdale
Any advice on a home improvement loan for my first flip ?
HI My sister and I are geared up to dive into property investment with a fix-and-flip project in Ohio. We've diligently saved money and secured a loan to kickstart our venture. However, we're eager to explore ways to ...
Sheri Ulm
Subject-to vs just having the deed signed over
I have a seller with multiple properties he wants me to just take over payments on. I contacted an attorney and was told there is no such thing as 'subject-to' in that state and I would have to do a land contract. My...
Micki M.
My First Note
I'm super excited to post another success story. When I first got on BP I listened to podcast 28 with Dave Van Horn and a whole new world opened up to me. I had never heard of note investing and as someone who doesn't...