Bob Malecki
Dodd Frank and balloon payments using contract for deed & LLC
According to the article linked below, Individuals and Trusts that seller finance one property or less per year (to an owner occupant) can implement a balloon payment. http://www.biggerpockets.com/renewsblog/2014/01/1...
Lee Bailey
Deed/Title Recorded after Death...?
Talked to a seller today, and her exact words were: "I have been advised by the title insurance company that because the deed for the property from my grandparents to my uncle was recorded after their death, I need to...
Account Closed
Buyer Not Making Payments on a Seller Financed House
I bought a property in IL few months ago which I sold it to another buyer on seller financing (AKA Contract for Deed).The seller is going through some sort of financial issues and is not able to make this months mortg...
Tracy Layton
Self Insure or Landlord Policy?
I have 6 rentals, 5 of which have no mortgage. My landlord policies for the 6 currently total $7,363/year. My fiancé owns 5 rentals and doesn't carry insurance on any of them. He is trying to convince me to drop my po...
Brian McCombs
Cashing in stocks to purchase rental properties!!!
Hello all,I have been living and working in Silicon Valley for the past 7 years savings and investing in the start up company I moved out here to work for. I’ve been fortunate to be given stock options back in 2012, a...
David Evans
Private lender Line of Credit
Has anyone had any luck with private lender's issuing a line of credit. I want to buy some properties at a tax foreclosure which requires full payment three days after auction closes. I know I can't get a Fix and Flip...
Mike Terry
a look into the future
Hi BP Community,
I stumbled across this article this morning and I started to think about the impacts of these trends. One of the things I really like about bigger pockets is the concentration of Younger, be it Mill...
James Caviness
AirBnb rentals now moving to long term rentals?
How are you thinking about an increase of rental properties hitting the market as AirBnB rentals are likely now hitting the long term market? See any pressure on rent? In a bit of fear, i gave my tenant $50/month off...
John C.
Condemed Multi
I am looking at a 4 family which was recently condemed. I can get it for a real bargain but 1. it has a buried oil tank 2. I do rehabs, never did new construction?
Need advice
Arti Ta
New tenant analysis
Hello,I am a first time landlord. I bought a new construction end of December and listed my property same day. I only have had one application. She is a realtor and financial advisor but going through a divorce. Her c...