Ryan Fuchs
First Flip - Closing Costs Question
My partner and I are looking at our first flip. We will be able to purchase the house for around $130,000. It currently comps for around $205,000 (with a range of about $180,000 - $230,000). Barring anything unexpecte...
Jeff Parkerson
Getting Started
I've been reading posts for a while and I'm wanting to get started with my new career in REI. I was about to purchase the $15k course from Renatus, but I've read on here that it may be a scam.
Some of the investors ...
Zachary Ware
Looking For RentRedi Reviews
I am looking at using RentRedi and want to know how others' experiences have been. I do not have a large portfolio and am doing fine managing right now. I am looking to prepare to scale up and do not want to have to b...
Dexter Stewart
Rental Properties $0 Down?
Hi there BP, I am a newbie, no question but I am really interested in REI and I know what my goal is, which is to have at least 10 SFRs by the time I'm 30 (I'm 20 right now). My question is, I know that bank's typical...
Sam Tright
Dual partialling and hypothecation of a note
I will create a note during an owner finance sale. I want to partial 15 (out of 30) years payments and also hypothecate it at 50% LTV.I know you guys see issues with this so let's try and talk them out to find solutio...
Andrew Stephens
Feedback on househacking
Good morning all, It’s a slow day at work and I’m looking at my finances to be able to buy a property soon. I am 19 so I have some time but I am struggling to save money to pay for a down payment but want to invest qu...
Joel Fohrman
Intro letter to new tenants
Hello!When you take ownership of a building that has current tenants, what is your protocol for introducing yourself? A letter or email introducing yourself and giving your contact info and instruction for where they ...
Tracy Bogie
Private Money Terms needed for pitch-specifics and documentation
I have a duplex I own free and clear, and just need some additional money to finish rehab. I want short-term money, 6 months max, loan amt $50K, with property as collateral. I just had it appraised, and that came in a...
Steve Boianelli
When do you collect late fees?
I have a question regarding late fees. My lease doesn't specify when a late fee is to be collected but it does specify that if rent is not received after the 10th day of the month a late fee is assessed. Last month I ...
Jason L.
Capital Gains and Equity Put In
This question has puzzled me for some time; oddly, I cannot find an answer. Hypothetical Scenario: I'm a newb in real estate and I purchase a property for $100,000. Over two years, I've put $20,000 in equity into the...