Gregg Pauly
Listsource vs Property Radar vs ? for direct mail
Hello BP. I'm putting together my first wholesaling direct mail campaign targeting distressed properties. I have yet to fully narrow my criteria and am considering 1) out-of-state SFR absentee owner, 2) owner-occup...
Cedric Jenkins
Is it impossible to overcome a minor mold issue?
Hi, BP family. Quick question..We found a property being sold as is for 25k. However there’s a mold issue (not severe). Work needed is 8k.ARV is 63k. I believe I can leverage the fact that there’s mold to lower the as...
Jack Wang
Tennant Suing for Deposit (TX)
Tennant of 2 years did final walk-through with landlord in person, noted various issues like fridge/oven/microwave cleaning & one missing garage key. Some burnt out light bulbs, dirty unchanged air filter, dust/ha...
Mike McGee
Rently?
Looking for feedback from those using Rently, a lockbox/service which allows prospective tenants to let themselves in to view a property. http://use.rently.com/how-rently-works/Seems a little scary to me. Any horror s...
Danny Duran
Buying a Property with Mold in it
BP community--I went under contract on a north side Chicago multifamily property (4-flat) this week (thanks @Brie Schmidt ). Basic inspection (thanks @George Foster ) and mold inspection occurred on Wednesday. There ...
Heeyeon Chung
Seller refusing to provide financials
Happy New Year, BP Community! I am currently under contract for a 14-unit MFH property. I was told that the seller is old (in her 70s) and both the seller's broker and her attorney are having a hard time getting thing...
Jack Perdue
Best Marketing on a Budget
I am looking for marketing ideas for the investor on a budget. Right now, until I get my first deal and some positive cashflow, my budget is tight. While I don't have a lot of free time, I have more time than discrece...
Branden Vandette
Letting a property go from unpaid taxes and credit consequences
I made a bad investment on a cheap warehouse in Detroit for my landscaping business. I paid for in cash for 20k 4 years ago. It's in a very bad area and it got broken into a couple of times. Not feeling safe I moved ...
Greg K.
Very strange Short Pay/Sale clause in banks agreement
Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...
Mindy Jensen
Looking for positive stories about property managers...
I spend a lot of time in the forums, and have read lots of negative stories about property managers. I'm looking for PM stories where they did what they said they were going to do, or went above and beyond.I know @Ali...