Bill Black
Making first ever offer on flip house and have a cpl questions...
First of all, I am in Washington State. Is there a state specific OFFER that is required or will a general "Letter of Intent" be sufficient prior to drafting the "Purchase Agreement"? I understand that the sale cont...
Benjamin Cowles
can you flip contracts with seller financing?
how would the transfer of names on the note workout in this situation? Would this be entering the world of note creation and selling?I would just like to have the option of selling a contract if I so chose to. Seems l...
Dakoda Spencer
Rebuilding After Tearing Down an Old House
Hello BP family,I have a question. I have been going around and looking at houses in my areas. The numbers look great on them until I walk in and see all the structural issues. Instead of simply dismissing them comple...
Stephanie Boggs
owner financing a rental property you own
Hello! Has anyone owner financed a rental property to a tenant? We have a tenant who is interested in purchasing one of our rentals & I would definitely be interested in getting this one off the books. It's not ...
Grace Lerner
Renovation to a Single Family Or Triplex?
Hello BP! I have recently become excited about a townhouse for sale in my area and I need some opinions. First some facts:The property is currently being used for SRO. It has about 3,600 sqft, and three floors. It nee...
Jeremy F.
Need advice on selling - Buyer requesting seller financing
Hello Everyone!I received an offer on a property I am trying to sell (was a month or two late from the peak and due to the market it is in I haven't gotten a lot of activity). They are offering at the price point I wa...
Adam Smith
HELOC or Cash Out Refi at 80% LTV in Colorado
My wife and I have a rental in Colorado that we have had a little over a year. We would like to refinance or get a HELOC (to go towards purchasing another investment property) but everyone we call only offers up to 7...
Laura Murrill
Real Estate License
I am in Colorado Springs and I am going to get my RE license. I have found a lot of different options online, but I’m wondering if anyone has any advice for the best bang for my buck. I have a full time job and I don’...
David D'Louhy
How would you fund this deal?
Time to get your creative juices flowing...I have an option to purchase a home in a nice neighborhood and have been looking for a lease-purchase tenant/buyer. I found one that I like that makes sense for cash flow, bu...
Peter Amendola
Investment property - lower interest rate or lower down payment
Hey everyone! I have a mortgage philosophy question for short term rentals. My wife and I are looking to purchase an AirBnB STR and have two options (below):1) Purchase price = 480k, down payment = 20% (96k), intere...