Stephanie Martinson
Single family syndication?
Hello everyone,Has anyone done syndications on a small level and invested in a single family residence with investors' money? I'm looking at doing one with 1 investor buying in at $50,000. House- $175,000Repairs- $1...
Stephanie Moran
Made My First Rookie Mistake
Hello All,
Renovating my first property and I made a rookie mistake, a major one--I found out that my first contractor (who came recommended) is unlicensed in California!!!
I am two weeks into redoing several of th...
Alan Mills
BRRRR = BRRSRR Thoughts
Hi BP,I’d like to generate a fresh thread to address an issue that is catching many new investors by surprise: The 6-month Seasoning period.I’m now on my 3rd Rental. It was time to give the BRRRR strategy a try. I pur...
Marsha Hill
Rental Sold Contract for Deed has come back Uninhabitable! Help!
During the worst recession in history, when NO ONE could get a real estate loan, I sold a property to a young family via Contract for Deed. They were to get their own loan in a year, after raising their credit score f...
Wendy Black
Asked to give hard money loan
What advice can you give to rental property owners who may give a small hard money loan ($25k?) to a fix & flipper? It would be our first.We met him at an REI. He's got excellent reviews online. He's done a num...
Maryann L.
Wells Fargo - Need help
I'm at a loss this morning...just when you think you've seen everything.
I have closed AND flipped a WF property before. Actally in April. It was with a different LLC. We revamped our company, marketing, contracts...
Hassan Tirmizi
How to find the name of the bank that foreclosed?
How can I find the bank who foreclosed on a property and secondly should I approach the bank for the property or wait till it reaches the court house steps?
Brian Tran
Advice for Private Money Lender Relationship For First Deal
Hello,I am working towards my first rental property and I found a local PML at a REIA meeting. They are nice people but I don't have a close relation with them. They are happy to lend to me but require that I send my ...
Cha Yang
Flip, refi, lease option, then 1031 exchange
Hello BP,I did some research and couldn't find if this has been tried before. I have my first flip under contract but I wanted to run this strategy (I thought of last night) by the BP community to see if anyone has tr...
Kurt Kwart
'Subject To' / 'Land Contract' Landmine to consider!!
Say you take over a property Subject To and have been making payments for years. The real owner of the property gets an IRS lien. You get screwed.