Chudney Wesley
thinking of becoming a private money lender
I was approached by a well know flipper in my area. He is only looking for 15K. Here are the details, he is looking for 3 people to lend him 15k. He needs 45k to flip this property. after the property is complete he ...
Scott Gaspar
All in with only $40k, is it still possible?
Hello everyone my name is Scott and I have been interested in real estate investing for probably the last 15 years or so. I live in Southern California and so for the amount I’m looking to invest, I’ll definitely need...
Dave Mosher
How much to low-ball on a foreclosure?
I have been noticing a few bank owned foreclosures in my area that have caught my eye. In your opinions, how negotiable is the listing price and how willing are banks to accept a lowball offer? I am looking at one t...
Caleb Gray
Sewer Back-up ~10k in Damage
Hello BP!I was on vacation out-of-state last week when every investor's vacation nightmare happened: My tenant called and told me the unit was flooding (being destroyed). I called Service Master and they were able to ...
Jacob Dinkins
Which market for high cash flow on a fourplex?
Hello, BP!
I'm looking for my very first deal. I want to househack a fourplex and generate as much cash-flow as possible using an FHA loan with 3.5% down. I have a job where I work from home and I'm willing to move a...
Trent Zimmer
Sub To or Wrap Opportunity w/ an existing FHA mortgage?
Hi All! I have a potential opportunity that I'd like to run past the brilliant minds of BP....I'm a sub to/wrap virgin, so be gentle.Seller is a friend and purchased this townhome direct from landlord in May of 2022 ...
Megan A.
Should I hire a lawyer to review our lease? Minneapolis area
My husband and I purchased a duplex about a year ago and occupy one side and rent out the other to a wonderful tenant. When we purchased the property we did our own research on state laws and used outlines that we fo...
Ben Smith
Dangers of a lowball
Everyone always says, "The worst that can happen is that they say no." Well are there any other dangers of putting in a low ball offer?
Brandon Parkes
URGENT - HELP. Need PRO feedback on this management question.
Hey BP crew. Brandon from Toronto here. I have a couple of properties in Canada and last year, opened an LLC and purchased a duplex in Detroit. For obvious reasons, I employed the use of a management company and have ...
Ron Rohrssen
4 Adults and 2 un-related kids under 18 applying for condo
Hello. I'm looking for some feedback on a group of potential tenants that are pooling their resources to live in a 4 bed, 3.5 bath condo.
There are 2 adult females and 2 adult males along with 2 17-YO males.
Cummula...