MIke Hewitt
Investor Wrap loan from Investor Loan Source for Texas property
We recently purchased our first investment property with Sherman Bridge. Paid 165K and did 35K of rehab (inc. new AC and roof). ARV is 265K. Rental income would be approx 1850 per month. We are under the impression if...
Ted Akers
Short Sales - Encouraged by Treasury
The US Treasury Department on November 30th announced plans on how to streamline Short Sales. Most agree, although the administration continues to spin it as a success, that the Making Home Affordable program has been...
Robert Hidrogo
I want to make an offer but don't want to seem unreasonable
Hello BP family, I am looking to make an offer on the following property:Condominium 2 bedrooms2 bath1,204 sq ft patio with storage, near pool, wood floors, washer/dryer, fridge includedseller wants $1,850 per month a...
Robert Hastings
Cash out, rinse and repeat?
Assume we are speaking of rental properties. Assume the rental properties are free and clear. Assume the rental properties have tenants and they have rent paid since day one. I hear success stories about how people bu...
AJ Alexander
Looking for opinions on offering a Rent Discount?
Hi all,
New landlord here. I have my first vacancy which I need to fill, just thought I'd ask what everyone's opinions or experiences are with offering a rent discount for paying early? For example, the rent is $1000...
Anthony Blasko
How does depreciation recapture work?
I've heard a lot about the benefits of depreciation and forcing as much into it when you first buy the property, but how does depreciation recapture work and is it something that most investors ignore because they pla...
Tyler Rusomaroff
Self Storage- Difficult Seller
Hey BP I am running into a problem that I'm sure MANY of have already dealt with. I am looking to purchase a self storage facility but am having a difficult time finding the unit mix. I had to sign an NDA to get the i...
Michael R.
Financing 10 unit Apartment
Well now that we have this new forum I figured I would ask this here!
I have been looking around at larger multi families the last few months. What requirements do lenders have for these properties? Will they conside...
Khalid Johnson
What agreement can I use with another wholesaler
Recently I advertised a few wholesale deals and other wholesalers would call me. The other wholesaler would be interested in wholesaling the property to their end buyer. This would mean there would be two assignment...
Kruti Shah
short sale
We bought a short sale property and are in escrow - 7 days away from closing. The sellers are asking for $1500 to move out else they will void the deal - can the sellers do that? Buyers in escrow are not at all protec...