Mathew Keehner
Has anyone heard of buying "notes"?
I am a real estate agent and had a lady call in asking for a CMA and neighborhood information about a specific house in my town. She said she was an investor who was buying the note on the house and would list the pro...
Justin Schlechter
MemphisInvest
I've had a few chats with the folks at MemphisInvest and they seem to be very honest, transparent, and good to business with. Chris has done a great job answering questions honestly and directly, however I'd like to ...
Bryan Hancock
CC&R Law Privately Among Neighbors - Who Is "The Decider"
Background:
Subject property is in Texas.
We have a lot under contract with some CC&Rs from 1948 that were signed by a group of private land owners. The signatories appear to have owned land that was checker-...
Douglas R.
Using a 1031 as a down payment
Hi, everyone. This is just to get a sanity check on an idea. After paying off the debt owed on a property I will be getting $7.6m in six months and am considering using that in a 1031 Exchange as a down payment on a $...
Urvashi Vasishtha
Is Temporary Buydown the hottest purchase option right now?
The RE market has been buzzing with news around the keyword; temporary buydown. Some experts believe that the hottest and most talked about purchase option right now is the Temporary Buydown.They assert that it is a g...
Austin Jones
Family member financing down payment. Appropriate return?
I'm looking into buying a student rental property. I have a family member offering to front me the $25,000 down payment. I have the money in savings, but also have a young family and this feels like a good opportuni...
Mary K.
Mortgage Payment Advice
Hello,First time posting here. I have enough money to prepay my mortgage payment for the next 6-12 months and am wondering if it would cut any time off my 30 year mortgage. To be clear, I don't mean throwing a large s...
Joseph M.
Starting out and looking for some etiquette basics
Hey BPI'm starting out looking to do my first deal. For experience, I've bought my current primary residence single family home and I used to volunteer at the housing court, so I've got a good grasp of landlord tenant...
Jacob Wyatt
Should I get involved with a MF in a SF zone?
Hey BP!I stumbled across a triplex in the Tacoma/Lakewood WA area with an asking price of 375k. The owner claims that rents for his units are 1200, 1200, and 1400 (a duplex 3/1 and a small 2/1 SFH). I noticed that clo...
Christian M.
No pressure in the plumbing lines
Hi,
I am looking at a HUD home I am interested in, but the PCR states under plumbing "could not completely blow out or pressurize lines." Does anyone know the most likely reason for this and how much it may cost to ...