Mark Forest
Tenants backing out
Last month I signed a tenant who said he loved the house, but two days into it he said he had to back out because his boss cut his hours. We soon got another prospective tenant who contacted me several times by e-...
Joseph Walker
How to purchase before a refi is completed with little reserves
Just started listening to BP a few weeks ago! And boy, these topics would of been extremely helpful last year when I bought my first triplex in a great part of town. BP would of saved me a lot of newbie mistakes!!! An...
Lekisha Cole
Have a home to wholesale but owner owe $7000 in back taxes
I have a wholesale deal with my Aunt but she owes $7000 in back taxes on the home. The home is paid off and I wanted to know how should I let the buyer know that she owe taxes. Should I deduct the $7000 out of the sel...
John W.
inactive member from Indianapolis, IN now active again
I was inactive for quite a while, but now I'm back. I'm interested in ways to finance rental property in the central Indiana area. Any tips on small business loans? I'd like to meet more real estate investors in the c...
Zack Zimet
Loan on JVA deal went bad, am I about to make another bad call?
Hi all. Here's my situation. I did a private loan as a JVA with a rehabber who used a hard money loan for the primary funds and my loan for the remainder and rehab costs. Only the hard money lender has a mortgage on...
Katy Hung
How to go after back rent after eviction
Had one of my tenants evicted for abandonment. Was wondering what options I have and how to go about it to get my back rent and fees owed. And what documents do I need from the courts to go about it? The only thing my...
Ammanuel S.
HELOC Vs Refinance in Canada
What’s everyone opinions on HELOCS vs Refinancing? I live in Canada, and would like to use one of these methods on a mortgage free home with intent to invest in Real Estate with the money. With HELOCs right now in Can...
Chris Vasquez
Private Money Loan Terms example needed
Hello BPers,
I would like the help of any of you who have either loaned private money or have borrowed private money.
My questions for the sake of this topic are very specific.
1)What terms were you giving/given o...
Brandon V.
Self Directed IRA from a relative
Hi BP,I have a relative who has a lot of money in a ROTH IRA currently but they would like to help me out to fund another rental property. Would using the ROTH IRA from this relative be an option if they were to conv...
Michelle Szeklinski
Hard money Lending question!
Hi! Question about hard money lending (considering having an exit strategy is #1)...Say the deal goes south for whatever reason and our exit strategy, or strategies, fail (worst case scenario) - does the HML take the ...