Tyler Condon
In escrow and getting really cold feet
Put in an offer at list price with 3% seller concessions and furniture included. With the concessions I am able to cover closing costs and get a 2 1 buy down. So my monthly payment for the first year is approximately ...
Chris Y.
Experienced Landlords Help! new tenants, leases, screening
Calling for experienced landlords. I bought a property with tenants (a couple with a kid) already in it. When I bought the property, it was managed by a property management company, so the lease was with that company...
Bradley R Stillabower
Old guy newbie: is it too late for me?
The BP community seems to cater primarily to the "Young and the (financially) Restless" , but I'm a 55yo retired military and soon-to-be-retired federal employee (14 months), considering one final encore career for 5-...
Ken Nyczaj
Scrub walls to remove smoke damage
Hey Everyone,Just closed on my first flip in Maryland. The seller smoked heavily in the property, house is 1250 sq ft and is a rancher style. I was thinking we needed to remove carpet, scrub walls, and then prime, but...
Trevor DeSimone
Promissory Note Written to Investment Group
Investment Info:
Single-family residence private money loan investment in Garden City.
Cash invested: $52,000
This is the second time I've acted as a PML; the connection was made on Facebook of all place...
Taylor Green
What repercussions does borrower have if foreclosed on by private
Hi,
I was wondering what the repercussions were for a fix and flipper (borrower) if they were to default on payments and get foreclosed on by their private money lender.
If the foreclosure process wer...
Matthew Terry
Is this a good idea?
Hello BP Mates,
I have a SF rental in Mesa, AZ currently occupied until next October and will have around $120k in equity by that time. CAP rate and R:V is not great, but appreciation is fantastic.
I was thinking of...
Matt M.
Opinions of no-smoking and no-pets?
I'm really on the wall about this one, because lots of people smoke (eww... absolutely hate it...), and lots of people have pets and refuse to separate from them. And I think not allowing those 2 might narrow my poten...
Peter Lee
Buying Old Rental Properties for Cash Flow
Hey guys, I was wondering what your take was on this situation.
I'm thinking about buying a few older rental single family homes vs buying a newer home.
Here are the specs.
Older House
Built: 1950 - 1970
Cost: $40k -...
Alex Ng
Handling the Risk and debt
Hi, I've recently bought one property and under contract for my second one. It's been a wild journey, learning as much as I can. As you scale more and have more properties, you also incur more debt. For people who own...