Mike Mitchell
how would you structure this deal
2 family house-Seller owes 15k, with 2 years left on his mortgage. -PITI=1500-both units bring in 1100 each. Tenants have been living there for 20 years and 6 years.-Owner is motivated and wants 280k. but property is ...
Zackary Martin
Creative financing ideas?
I just purchased my first duplex wiping out my cash reserves when a deal was brought to me. A friend of a friend is moving away for work and needs to get rid of their house. They don’t need down payment money and are ...
Dolores Gonzalez
Screening website recommendations
I have been using Smartmove.com to invite tenants to fill out their information to run a credit and background check. The problem is that some of the potential tenants are not internet savvy or don't have access. I ca...
Raj G.
Equity Pledge, instead of 2nd lien
Hi,I have been doing private lending for a very long time, most of time first lien, some time 2nd lien also.recently came across a situation where first lien is already there on property and there is clause than 2nd l...
Ewka Kawecki
Arm loan - Fixed Rate Loan
I have a property under contract (4 units) I'm shopping around for a mortgage and need some advice. Which option will you choose, which one will be cheaper from a long-term perspective? Both options are Credit Unions ...
Brandi Jefferson
Hi! I'm happy to finally join the community!
Hi! I am Brandi. Been listening to bigger pockets for about a month now (literally everyday, at every moment I have spare time LoL) and am learning a lot. I have been interested in real estate investing for a long tim...
Ryan Phu
Joe McCall Scam? Read This Before You Buy His Programs...
This post is about Joe McCall and his course, coaching, and programs, it will be a detailed review with my own experience being apart of his Course and Programs...
If you were in the same shoes I was when I attended ...
Teren Cooley
Wholesaling danger in Florida
I just came across an older thread about wholesaling in Florida that basically said it's illegal to get a property under contract then market and sell it without a broker's license. This has me concerned as I have th...
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Here's My Situation... How Would YOU Finance My Next Rental?
So last month, I finally bought my first rental. I did it on a 5-1 Option ARM. I also have the same thing (5-1 Option ARM) on my private residence. Now... I'm making interest-only payments to keep from going into n...
Michael Spencer
Leads who paid more than their property is worth (but have high equity!)
Hey BP,
I'm encountering a lot of leads who have high equity in their homes but the current value is a lot lower than what they purchased it for, so they are reluctant to sell at a price that works for me (60-75% min...