Phillip Gainey
What is the best way to find discounted notes?
I bought a land contract on a property in Metro Detroit three months ago. It was a performing 8 year note with 7 payments made to date. Original loan was for 40k. I bought for 23k. 10% note with payments of $600. ...
Courtney Foster
How do I spot scam lenders?
Hello all,I recently received an email offering lending. I asked for more to details to try and vet the party, and I was sent a website richardlendinghome.com for further information. Everything "seems" legit, what ar...
Garrett Gahn
Finding confidence in my ARVs
Hey BP,
As I continue to practice analyzing BRRRR deals, I'm finding that I feel great at every stage except truly feeling confident with my ARVs!
Although I run my comps, research recent home sales, etc.. I feel a...
Nicholas Anderson
Spreadsheet Accounting and Going Through Audits?
Hello BP,So I'm a few flips into a business endeavor here and have come to the point where it is really time to get organized. One of the issues I'm having trouble with is the accounting aspect. All of the accountin...
Brandon Schwab
Story of opening a 16 bed assisted living home during COVID-19
It’s cold outside so sit down by a fire and enjoy a story, a story that is full of twists and turns that at times made my head spin. My longest post ever. This story begin in 2015 when this gorgeous 18,000 sf home on ...
Jason Polykoff
FHA vs. 5% Conventioal
Hi BP!I've been told by two different lenders that the 5% conventional is a better/cheaper route to live-in investments than FHA loans. Can someone confirm or deny? What are the differences? What are the pros and cons...
Account Closed
New bill filed in Texas house
State Rep Walle (whom I’m not familiar with) has put forth a bill that would change landlord tenant law in Texas and give people much more protection. I’m sure every landlord in the state will complain and hopefully t...
Lisa K.
Decision on replacing carpet due to heavy smoker tenants.
I am trying to make a decision on what to replace the carpet with, damaged due to heavy smokers. Since it was carpet before and I am wanting to do away with carpet upstairs. How would I go about to deduct from tenant'...
Sam Li
How to protect your primary residence from rental properties
Hi, I am new to BP and also new to real estate investment. We started to invest in rental properties earlier this year and under our personal name currently. I have been hearing about setting up LLC to protect your pr...
Ryan Brown
Evaluating my 1st Multifamily Deal
Hi All,
I
am nearing an offer on my first multi-family deal in Riverton, Wyoming. I am
doing my best to be thorough in my property evaluation and approach
this as a business rather than a hobby, but recognize I...