So I'm knee deep in a 203k loan, mid-rehab. My contractor pretty much did the juicy/profitable items of the rehab and quit, namely some foundation work and roof.
The HUD consultant did an exit inspection and ...
Good morning everyone,So last night I got a letter in the mail saying that our business tax returns were never received, and my wife and I are each being fined $195.00. We own 3 different LLC's, and Mailed all 3 retu...
I have been talking to fellow investors about wether it is better to own property free and clear or have some kind of money against a property even if it is a line of credit. Tax purposes is the answer I get when I tr...
Hey BP fam,
I'd get some advices from you regarding my current situation. I'm an investor owns rentals in ATL, recently one of the property had a water leak, damaged the interior ceiling of the first floor. The PM ...
Recieved letter today from landlord saying I owe a 250 late charge, and 18% interest after today for not paying my rent to them, saying its in breach of the lease.I spoke with them 8-12-2014 about infestation of mold ...
I’ve heard investors say you should stay away from low payment notes. I’m wondering the rationale. As long as the yield is acceptable, I’m thinking what does it matter? I guess it could limiting because of you want ...
We bought a recently remodeled home (our first investment property) and are about to start getting it ready to rent. We haven't yet handed over the keys to the PM and my mentor is encouraging me to self-manage. The pr...
Hi Guys! I recently had a seller (another investor) agree to a 45k purchase price (cash) on a house with ARV of 60k. The house had a full gut rehab 4 years ago when this investor bought it. The current tenant is “all ...
I am analyzing using higher leverage to acquire more properties and want to put only 15% down. Since I can acquire off market deals with 15-17% cap rates I have no problem paying a premium for high interest rate with ...
Hi all,I wonder if anyone can help me understand (OK simplify) the rent to buy processMy tenant has been in a year and asked if I would sell to them. We make absolutely no money on this house and actually pay $6000 a...