Paul Sandhu
Do you clear snow at your rentals?
Many years ago I had a bunch of little old ladies with their 2 wheel drive sedans at a 14 unit apartment complex. Whenever there was snow, I would clear the parking lot with a tractor. Now, all the little old ladies...
Rick Bassett
My ad was cloned - an rare happy ending
This has probably happened to many of us, my advertising text for a property was cloned nearly word-for-word by a local investor in one of his ads for a rental property. Usually, we can't do anything about it except...
Peter Pierzchala
Help Reading Preliminary Title Report for Auction
Is there a way to understand which liens I would assume responsibility for if I buy a bank owned property at auction?The Preliminary Title Report states under requirements of Schedule B-I:10. The matters set forth in ...
Josh M.
STR - Money Partner, how would you structure the deal?
Situation: I'm a first time STR buyer. This would be my first RE investment. I have a person who will pay the down payment on an STR. Goal: To own the property and exit the money partner from the deal once they'v...
Cynthia R.
Help should I sell current investment for seed Money?
Hello, happy to finally make a post after many months of thinking of what to do next. Onto the point, I need help/advice on the best options. I’ve had a manufactured home in Las Vegas unsuccessfully sold twice now eve...
Nathan Herring
Option Agreement and Assignment
I am thinking of getting started in REI by finding sellers, using an option to purchase agreement and then assigning that agreement to another investor for a fee. I think I have a pretty good grasp on how all of that ...
John Hodson
Best Rate for a 30-Year Fixed
Hi BPers!I want to get an idea of what mortgage rates you all are currently getting. I currently am seeing a 4.75% on a 30-year fixed with 20% down. If anyone has done better than this, I'm curious about what the term...
Jessie Niu
Newbie desperately needs advice! Is it too much cash?
I am a newbie investor, just made an offer on a REO duplex. This is my first deal! It's been on the market for several months. I made a cash offer of $28k, rehab cost is estimated to be $15k, ARV should be $60-$65k, ...
Mike Hartzog
Lien Position Isn't Always About Recording Date
This quarter we are out in the market reviewing tapes, making offers, and generally working to add some additional NPNs to the portfolio. I recently submitted a bid on a FL note with an original balance of 49K which ...
Christopher Kelly
How do you determine the selling price of a performing note?
What would be a fair value for this note? Original loan amount $106,000, 15 years, 8% interest. Perfect payment history of 31 payments since originated 6/30/13. 3000 square foot home/business located on highway 395 in...