Tim Tele
Member Intro. Seeking advice.
Hello BP members. I’m Tim, I am a military man currently in GA by way of Queens NY. My interest in REI is to at least supplement my retirement pension in the future and to have something of my own to grow. I bought a ...
Adam Allard
How to solve this problem
I started my first direct mail campaign for wholesaling last week, and lo and behold, I actually got my first lead! I'm wondering if I could get some help analyzing this deal, and how I could structure a solution to m...
Jim Jaworowicz
buying property with a tenant in place.
Would you be wary about buying a property with a tenant in place (either MTM or on a year lease)? Any thoughts/input would be appreciated.
Christopher Veljkovic
No Response from Homeowners and Homeowner's Attorney
Hello BP community!! I am in need of some Legal Strategy, Comments, or even follow up questions regarding this situation I am in. Unfortunately, my attorney is hitting a wall and doesn't know how to proceed.The homeo...
Eric Struben
Cash flow on first rental property
Hey all,I read a more general post to this question and maybe there are even more out there but I am wondering as a first time investor in a rental property, how much (maybe percent?) should I try to cash flow. The ot...
Andrew S.
Insurance for an empty (sort of) property
I'm dealing with an insurance question in San Antonio. The property consists of a SFR plus a "in-law cottage". The property is part of an estate and it will likely take a year or more to distribute the estate (I'm t...
Rob Bianco
Down Payment Woes - Gifting Funds
My wife and I are newly wed and we're about to buy 3 properties. We applied for a mortgage in her name since she has a credit score in the mid-700's. Mine is in the mid-600's and I'm self-employed, so I figured it's j...
Paul Winka
When is loan interest considered income?
I do private lending. I have a primary borrower. When a transaction closes, the principal and the interest are rolled to another loan. Thus, I never touch any of the money. Is that interest considered income for tax p...
Grace Park
Renting a home to the owners who provided seller financing
I can't quite wrap my mind around how to ask this question. I tried googling, but couldn't get the right search for what I was looking for. Then I realized I should ask all the experts in the BP community, so here it ...
Lisa Gallagher
Would you let a tenant stay until they can obtain a mortgage?
How would you handle a tenant (single family home) with a lease expiring on July 31, 2013 that wants to stay indefinitely?
Background
A month ago we informed them that we will be increasing the rent as of August 1st ...