All Forum Posts by: Paul Hurtubise

I have looked and not found anything on this.

I am getting a 75k loan from a family member and told them they would have a second on one of my multifamilies. Is it required to go through a title company and put them on deed? They have asked me about this. 

I would prefer to keep in just between family, but I did offer a second to them.

Thank you, have the best day ever. 

Hello All, I am 1031 exchanging and wanted to know if anyone has had any experience with them. Thank you, Paul.

I have a 14 unit in Saginaw, I don't live in the area though. 

Hello BP Community,

I have brokers asking for deposits now a days, is this something new? I have a 35 unit apartment building I am trying to refinance. I have 2 potential loans which are good, but they are asking for 8,300 and 10,000 for deposit for them, appraisal and 3rd party reports. I already lost 8500 last year with a company who pulled a bait and switch on me. Any input would be great. I am in a rehab loan I need to get out of. 

The property is cash flowing.

Thank you in advance,

Paul

@Henry Lazerow

It would cause me to reconsider.

Hi, thank you for responding. I actually found a couple  since I asked this question ...

Submeter (water only) and Ion Energy Solutions (both water and power).

I think the price point may be better than Streamlabs.

Thank you.

Hi Ryan,

Drywall, flooring, plumbing and electrical. Different units will need different amounts of work.

Best,

Paul

OK, thank you, very helpful. I feel this is going in the right direction.

Best,

Paul

Hi,

I am rehabbing a 35 unit apartment building in Evansville Indiana. I may need some backup contractors. Can anyone recommend some good contractors in the area? It would be greatly appreciated!

Thank you,

Paul

Hi,

A friend of mine says she is looking for her next deal and I am bringing it to BP wondering if anyone knows something great out there. She is looking for a large out of state (from California) multi-family deal that has both appreciation and cash flow potential. I would look myself, but this is big and there are better people than me at finding deals and putting them together, so I am reaching out to them. 

Thank you in advance,

Paul Hurtubise