Benjamin Branson
Buying an occupied property with no leases
I'm buying a property out of state. The current owner has no lease with the current tenants. He has done no background check, no credit check. He manages the property himself and collects rent in person. The tenants t...
Vania Castillo
The holder of a note died!
Hello BP member!
I issued a secure note to a LLC of a sole member, he unfortunately died this week. The note is backed up by a property and is a commercial note due to mature on October 18, 2020.
I'm not expecting...
Jimmy Moncrief
REAL FUNDED Experience using crowdfunding?
I've got a triplex under-contract that is going at a 10-cap. Purchase price is $240K.
What would you guys recommend?
I would love it if someone here actually has funded experience with this.
Than...
Joe Smith
questions about buying notes/paper
OK, this idea intrigues me. I was browsing FCI Exchange today.
Questions:
1. If I want to buy notes, do I have to be licensed as a lender or servicer per the SAFE Act??
2. Would I have to service the loans? Or ...
Dalton O'Rourke
New Investor to NJ area
Hello,Im looking to take the leap and start investing using the BRRRR strategy here in Central, New Jersey.I have read multiple BP books and feel like I have a good amount of knowledge. While i have lots and lots of m...
Robert Dautov
Tenants now allowing inside to perform home inspection
Hello,
I am in the process of purchasing a two-family investment property in Camden County, NJ. The contract was signed a month ago, mortgage approved this week, but the existing tenants won't let anyone inside to pe...
Account Closed
I need landlords’ opinions on this.
So I’ve mentioned here a few times about my issue with my current landlord and his retaliatory eviction and discrimination etc. some people have believed me and been supportive and some have been dead set that I’m in ...
Natalie Kolodij
Trying to close on a mobile today- title is in deceased mother's name still...
Hey guys- I have a great deal 95% done on a 2/2 double wide in a high end park here in Washington. It's partially remodeled and quite nice and they had it posted for $20k but need to sell as the lot rent each month is...
Nicholas Varner
Decisiveness and Diversification
"After studying over 500 millionaires, including Andrew Carnegie, Henry Ford, and Charles M. Schwab, journalist and author Napoleon Hill found that they shared a single quality: Decisiveness," writes Kathleen Elkins o...
Chris Seveney
Renter seeking reduced rent
I have a tenant in Maryland in one of my condos that the air conditioning is being turned over but not yet on. Due to the heat they noted they had to stay in a hotel and want to get reduced rent.
It's my understandin...