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Hey BP!I’ve got an issue with a foreclosure I just bought today. I won the auction and paid for the property there. Then I drive by the house and there’s an investor company (something like “we buy run down house”) si...
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Dear BP-community,I just finished David Greene's book "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties". Before I had read the book, I was convinced that I wouldn't be...
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I would love your advice. Should I keep this rental property or should I short sell it?I have a condo in Algonquin Illinois (3 bed, 2 bath, 1890 sq/ft) that I had bought for $265k in 2006. I have about 40k in equity i...
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I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
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I'm striking out finding a lawyer or title agency who will close a sub2.Telling them I understand and accept the risks involved hasn't worked.Are there magic words or a secret handshake?If I go to the register of deed...
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Hello.
I have a deal that I am working on and could use some simple insight. I have the means to turn around a $25,000 investment into $75,000 within 90 days.
Is this a good enough ROI for a private lender?
I hav...
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I don’t want to criticize anyone. I’m sure there are some good wholesalers out there. I just haven’t met one yet. I have, however, had a lot of my time wasted by many self proclaimed wholesalers.
I find that whole...
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Sorry for the misspelling in the title, hit post too soon and now I can't edit the title. I've decided to go the LLC route for my REI plan and I'm a little confused on how to purchase a property THROUGH an LLC. Detail...
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Hello everyone, this is my first time posting on BP. A little about me, I have been investing in RE for about 11-12 years now. I have 22 rental units, mix of SFH and multis. I have done a bunch of flip properties.I...
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Hey I am Newbie, and I just read this article. Wanted some more expert opinions on this article and FHA loans and people buying homes with poor credit and low income in today’s hot market. What do you all think?
Smal...