Nam Nguyen
need a strategy to repay a down payment
My relative is willing to loan me $25,000 for a $100,000 property. The remaining $75,000 would be on a conventional loan for 30 years. The property cash flows $200 per month. What strategy would you use to repay the...
Jessica Duckett
First Deal Due Diligence - What to do?
Hey guys, I got an email from a wholesaler about a property I'm interested in in Birmingham, AL and don't know where to start on due diligence. It's a duplex, first side rented out and says they always pay on time in ...
Johnny Vue
Using a HELOC and paying it back
Hi. I'm rather new to real estate investing and looking at purchasing my second property. I live in San Diego and it's expensive here. I have a few questions about using a HELOC to purchase an investment property. Bes...
Justin Pinder
NEWB: Talk to lenders first or find deal first?
Hi. I'll be investing in a 2-4 unit building before the end of the year. If I decide to go at it myself, should I talk to a bank and see what type of loan/limit I can get before finding a property or should I bring th...
Justin R.
Charging for My Own Labor - Louisville Area
Hi BP,I was hoping folks in the Louisville, KY area could assist me in determining if I could charge for my labor in performing cleaning and repairs after a tenant vacated? I was looking through the KRS 383 and didn'...
Account Closed
Private Lender w/ low rates for high LTV
Hi Guys, as subject mentions i'm interested in trying to find a private lender that can offer low rates for higher LTV on primary residence property. I'm in a situation where i'm newly self employed (1.5 years) so do...
David H.
Best Payment & Refund Structure for taking Direct Booking 6-9+ months in advance?
Hi.I'm still in my first year as a STR owner, and I'm going to start taking bookings for next spring/summer/fall for our lake house. This past summer (our first season) we had many multi-generational family reunions ...
Sam G.
Chicago Landlords: Charging a fee for breaking lease and other?
Hi Guys,I'm working on updating my leases for future tenants. I learned from on landlord on BP that charges a break lease fee that is almost close to the rent amount, thus allowing him to legally keep the security dep...
John K.
Tenant keeps overpaying by $2
This one is a puzzler. So I have a tenant who is overpaying by $2/month. The tenant receives a weird amount (for round numbers for this example), lets say 101 dollars from housing assistance, and then also mails ...
Rowan Woodburn
No money no credit (bad credit)
How do I start investing into real estate when I don't have cash or good credit? Do I build a business plan and then present it to hard money lender? How does it work? I need a step by step process order and operation...