Sold income property to an off shore BP member

Sold income property to an off shore BP member

Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes

A BP member from the other side of the globe reached out to me almost a couple of years ago. We've dicussed a number of possible joint ventures, some in depth. While we haven't completed anything big yet, he did buy a home from me, a certified 2% income deal ; ) He has also made a private money loan to me. I'm happy. He's happy. Thanks BP!

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  • Real Estate Investor · Vancouver, WA · Member since 2012 · 78 posts · 22 votes
    14y

    Congrates, Good start looks like both sides are benifiting from the connection Could lead to more. Another "feather in the cap" for Bigger pockets

  • Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    14y

    Congrats Jon, sounds great and BP does come through again.

    You know I always have thoughts, this one is...better be careful about bringing in foreign money, money laundering can be done without even knwoing it, make sure he and you are clean on the deal.
    Do your due diligence. :)

  • Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    14y
    Originally posted by Bill Gulley:
    Congrats Jon, sounds great and BP does come through again.

    You know I always have thoughts, this one is...better be careful about bringing in foreign money, money laundering can be done without even knwoing it, make sure he and you are clean on the deal.
    Do your due diligence. :)

    Good reminder. I think this one is very clean, though.

  • Real Estate Broker · Seattle, WA · Member since 2014 · 1k+ posts · 427 votes
    11y

    Great to hear this kind of BP success story!

  • Engineer · Harrisonburg, VA · Member since 2015 · 5 posts · 1 vote
    11y
    What country?
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