Griffin Malcolm
Obtaining Initial Financing for BRRRR
Successfully completed my first house-hack / investment property this year (woohoo!) and am now educating myself on the BRRRR strategy after I've gotten my feet wet. My first property needed a new roof, water and sewe...
Liliana Allison
Preparing to close on apartment complex
Hi BP,I am getting ready to close on my first 8 unit apt complex. I would love any and all advice as to what to do now in order to make this a seamless transition. For example, I've read many say they send a letter wi...
Bryan H.
House not winterized, what should I do
Hi, I am looking to purchase a property in Detroit that has been sitting Vacant for the past 2 months. The property seems to not have been winterized from what I saw when doing the walk-thru. (water in toilets, tanks,...
Tyler Brown
Does anyone rent out units less-than-legally?
So this is half pointless rant, half looking for suggestions.My mother-in-law moved in with my wife and I, and we'd like to rent out her house; she has a large house in New York. Unlike most of the country, her locali...
Matt Batson
Buyer wants to put 100K down
We are trying to sell our house and found a buyer who wants to do owner financing with us. This is not an investment property, but will be their primary residence. They came into some inheritance and want to put 10...
Tony Severino
Rehab Diary
There is a reason why I am not a rehabber…..
April 1 (Fools Day) My Banker was very friendly. Said he wished I would get a contractor because I didn’t know what I was doing. Best rate I could get was 6 points ab...
Juan Maldonado
Does this exist?
Hello, I am looking into an opportunity to acquire 46 units for my company, the owner is willing to do owner financing, but is demanding us to get Private Mortgage Insurance does this even exist? I have never heard o...
Johnny L.
Making Profit While Paying a General Contractor?
Hello Everyone!I am currently planning on purchasing a piece of land and building a spec house on it to sell. I have already vetted the land with the city to make sure it was possible. I was originally going to manage...
Carlos C.
Thinking of moving my 2 Florida rental properties into LLC
Hi Everyone!Who is the appropriate professional that I would need to consult about legal aspects and benefits of moving my rentals into LLC? I want to understand what benefits it truly brings since seems like my insur...
Mahauijue Mack
How much to charge tenant for pet deposit fee?
One of my tenants just brought it to my attention that she in the process of adopting a dog( German Shepard). Right now the dog is a puppy no more than 10lbs but will grow up to 40Lbs. How much are pet security deposi...