Carter Mayberry
Refinancing my current FHA to Commercial Financing
13 December 2024 | 15 replies
Everyone on here is saying that you can do it, but it's definitely not possible if you don't have a lease in place on the unit you are currently living in or can show you are living somewhere else with a utility bill or rental lease to demonstrate that you are not intending to live in the subject property.
Loren Souers
Moving Rental Property Into Revocable Trust
5 December 2024 | 6 replies
However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.
Sam Epperson
What are the next steps after creating a seller finance note?
6 December 2024 | 3 replies
The basics of a seller financed deal are that the title co or closing attorney (if there is one) or seller’s attorney draws up the warranty deed transfers title, the promissory note evidencing the debt related to the transaction, and either the deed of trust or mortgage (whichever is being used) perfecting the lien against the subject property.
Robby Sanchez
multi famiy underwriting techniques
6 December 2024 | 6 replies
If hourly vendor vs salaried maintenance is what makes or breaks the deal...it's not a good deal.Your best estimates are likely to be from managers/owners of buildings similar to your subject property.
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
So, if you want to put the real property under contract subject to short sale approval, then I guess you can figure that paperwork out.
Shannon Bloomfield
Hello- New to BP and New to Real Estate
3 December 2024 | 16 replies
There are lots of local meetups and frequent discussions about all things real estate here in Sac / Norcal.
Marc Shin
contractor is threatening to take me to court
13 December 2024 | 20 replies
No one in their right mind is going to file a lawsuit over 2k.. they may and should just take you to small claims and or as Greg stated file their lien and wait.Also work done to YOUR satisfaction is a pretty weak argument and totally subjective.
Roger Mace
How to Know if You Have a Good Private Money Broker
30 November 2024 | 0 replies
Frequently, brokers respond with phrases like, "I can help, let's connect," or similar offers.
Kwok Wong
What to do when no sold comps?
1 December 2024 | 9 replies
., must share certain attributes (bedrooms, bathroom, etc.).T3: Compare property typeIn "The Book on Flipping Houses" by J Scott, it mentioned about adjusting the value of the comps to ensures that they resemble the subject property as closely as possible.
Jose'Luis De La Torre
Hello everyone. I just joined the community👋
4 December 2024 | 14 replies
I joined with the intent to surround myself with others in the field and build my confidence and understanding of the subject matter (:I live a disciplined lifestyle when managing my expenses and living below my means.