Tiffany Youngren
Investor’s Guide to the 5 Waves of Commercial Loans
20 September 2022 | 1 reply
The 5 Waves of the Commercial Lender Experience (for Investors):1️⃣ Initial Overview: you discover a lender and get the initial terms of their loan programs.2️⃣ Submit Application and Docs: use the lender’s application, Track Record form, and submit other info they ask for (usually copy of drivers license, social security number, [if for a business: company EIN letter, company operating agreements], tax returns, etc)3️⃣ Follow Up to Keep Up: commercial lenders will ask for a lot more, and terms may change along the way.
Kyle Curtin
Killer Relationship Growing Strategy!
21 September 2022 | 0 replies
Send everyone you can find a genuine direct message briefly talking about who you are, and that you are looking to break into the market for the first time, and that you would love to connect with them over a call/coffee and hear their investing story.
Dave Smart
Homepath oil leak during closing
21 September 2022 | 0 replies
I am in the process of purchasing a homepath property and discovered a pretty significant leak in the oil tank today.
Alix Cassagnol
Cash for keys agreement
26 September 2022 | 4 replies
I had a tenant sign an early termination agreement for possession only once (I was genuinely trying to help her avoid eviction), and she turned around and sued me (with a pro bono lawyer) for violations of the consumer protection act!
John Carbone
The Home Equity "Myth"
1 October 2022 | 26 replies
Persistent inflation will push many into genuine need within just a decade at this rate.
Patrick McCann
Hi, hoping to buy my first property in New Hampshire
28 September 2022 | 9 replies
I’ve reached out to a real estate agent in my area who specializes in income properties and really dived into researching as much as I can and that’s when I discovered BiggerPockets.Ideally I’d like to purchase a 2 or 3 family in Rockingham County, NH to owner occupy.
Dave Vona
Plan for possible sewer line replacement on wholesale purchase
29 September 2022 | 2 replies
After closing I had a sewer scope performed and discovered a new cast iron line would be required.
Diana Robayo
Hire home inspector or not?
16 October 2022 | 20 replies
I walked through did my own "inspection" and was impressed enough to forego a real inspection.Big mistake.We just discovered that there has been long term water intrusion where the entry way to the basement (dog house) meets the back wall of the living room.
Thomas Higgins
Multifamily non-conforming use with no variance on file
26 September 2022 | 0 replies
During our due diligence process, we discovered the property has no building Certificate of occupancy, variance, or any paperwork on file with the city.
Yoko Hankins
Property Tax was Deal Breaker on our First Rental
4 October 2022 | 36 replies
We were fortunate that we discovered this before we signed, but are very bummed.