Carlo C.
Any apartment lenders that can do 80/20 these days?
Many books that I read have mentioned about making an apartment deal with a 80-20 loan structure. Some of them even suggested the 20% down can be using private money and some could be carried back by the seller. I pok...
Account Closed
As a new investor, what was the biggest mistake you made ?
Hello Everyone,
As a new investor, what was the biggest mistake you made and what would you have done differently. I am opening the discussion for newbies such as myself to learn from the mistakes of others and avoi...
Mario Morales
Gave tenant 4 month notice may not leave, what to do?
Hi again everyone. I text my tenant today to check that we are all good for his moving out date, April 1st. He text back that he wants to "talk to me in person". He is on a month to month tenancy and I gave him the 4 ...
John Waterhouse
Convincing a homeowner to sell
I have found the perfect house for a flip. I've done the research, I have the comps, I know the area, and I've done the math. NOW... How can i convince a couple, whom I've never met, to sell their home? Thanks
Stephen Homes
Tenant candidate with eviction record wants to pay 1 year rent
I have a tenant candidate who has evictionS on his record. Currently he doesn't work and gets unemployment, is a student and his fiance who is the only one working. Two kids. He showed proof that he can pay 1 year.Wha...
Mariah Jeffery
How to value ranch land
A elderly family member has a 1,300 acre ranch that she's looking to sell. She claims it's worth at least $1M, but she's willing to sell for $750K to family, in exchange for a minor concession (i.e., another family me...
Levi K.
Down Payment - Rollover IRA or HELOC
Hello BP experts,
I hope you had great holidays.
I am facing the following situation:
I need to put 25% for my next investment. I have some savings in my bank. However, the rest of the down paymen...
Kurt Gardner
Do applicants/tenants know your home address/cell number?
My wife has expressed concern about allowing people who are applying for our properties to know our home address (to send applications when they need to be mailed). Even tenants who pay for rent know our address so t...
Anne W.
Tenants told me he wanted to buy a house on the move-in day
New landlord here in Colorado, rented out the previous residence. Today I delivered the keys to the tenants who relocated from another state. He told me that he really liked the neighborhood and he would look for hous...
Zac P.
Using Private Money for "Buy and Holds"
I am wanting to use private money to purchase "buy and holds". These would be 100% financed through private money and I would want this to cover any kind of rehab costs as well. So basically I want to purchase home...