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I am looking to lend some money to a RE friend for one year for her seed money to buy an investment home. I am coming up with two different amounts of interest. Help!
Let's say: $ 10,000 x 12% int x 1 year
When I put...
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I have potential wholesale deal on the table. Its a multi unit that was appraised at 106k and me and my partner got her down to 82k. We have a potential buyer lined up that is willing to take off our hands between 88-...
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I'm looking into lending a condo owner about 22k at about 10%. The note would be backed up by his condo, which I haven't been able to see the inside of because it is currently in litigation. The person living in it bo...
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Hello,
I was wondering if someone experience handling the security deposit before the tenancy ended. My tenants damaged the bathroom floor by bathing their pets in the bathtub and letting water get to the floor by n...
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To be honest with you I thought I had gotten the prorated amount of rent for August when we closed on 8/14/15, but this wasn't the case. Being that this is my first deal I probably should have paid a little bit close...
Hi All, I have a question for all the experienced landlords on the site. When replacing stove, refrigerator and things of that nature for your rental property do you try to save as much as possible or do you spend a ...
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Hello BP! This past summer I completed my first deal diary and am here with another diary of an out of state rental property in Northeast Ohio. ( https://www.biggerpockets.com/forums/522/topics/20... )Currently, I li...
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Why does the middle man have to have accurate repair estimates? I'm just curious as to why the person assigning the property to an end buyer have to have accurate repair estimates. I look at it like this. Repair costs...
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I think I have my 1st wholesale deal. I want to make an offer to the seller but I'm concerned as to whether my #s are accurate enough to ensure it's a good deal that a buyer will jump on. Help? :)