Lara Taylor
Wants 10k wired or cashier check before able to draw up docs?
Revived a offer from a HML on a new construction loan. The loan is for 2.2 million. I do not have any of the terms or conditions. They would like for me to send the money before they will draft a loan..."Upon receipt ...
Tyler Brunson
OnCarrot.com - Has anyone used for their site?
Has anyone used oncarrot.com for their site? Any other sites that I should be looking at....just looking for a template to get my site off the ground.
I've also looked at investorpro.com and, of course, just...
Andrew Lekowski
6 Tips to Newbie Landlords in Coronavirus America
This is not a guide to how to prevent an eviction in coronavirus America. It is our story regarding a close call with some bad tenants. Our FIRST tenants actually. And here it goes!
This article outlines the experie...
Tom Lafferty
Management options for 32 unit apartment
I've been looking for a 60+ unit apartment complex that would afford 3rd party management in the DFW area for several months without much luck. I've recently had a 32 unit deal basically fall in my lap and I've decid...
Kurt Hines
Am I getting my small MF costs right?
Hi All. I'm looking at a couple multifamily properties in Northern Michigan (local to me). They don't seem like good buys, but I'm concerned that I may just have my expense numbers wrong. Below is one of them. Am ...
Brian Garrett
Problems collecting on a loan
Long story (which I'll try to make it short), but we did what we "thought" was going to be a hard money loan for a fix/flip. Did what we thought was diligent research on the individual and company. They had a good hi...
Solomon Rosenberg
2 Capital calls in 2 weeks! Ouch
Within the past 2 weeks I got 2 capital calls from different sponsors, I'm assuming that there are many deals in similar situations.The sponsors are saying, If they have enough capital to bring occupancy to 90% they w...
Chad Benedict
First deal closed with $12K profit after easiest phone call ever!
Hey BP,I’ve been planning to post about my first deal for several months, so here goes.Summary: This was a wholesale deal in Duncanville south of Dallas that I put under contract for $64,000 and sold for $76,000, part...
Dennis Estenson
How much should you know before you start?
I've been looking seriously at investing in real estate for the last month and have been learning a lot. Obviously, I've only scratched the surface of information in that time, but I'm itching to get started.
...
Shiv Panda
Permit to replace rotten wood in balcony
This is my first time in BP and forum. Thanks to BP for having such a forum available for this community. I own a multi-family property with seven units, and the building features a wooden balcony. Recently acquired, ...