These factors make business purpose rental lenders the Ideal choice for someone practicing BRRRR and looking to build and expand their portfolio.

Fortunately that tenant had vacated prior to our purchase.Definitely keep analyzing deals as it is kinda like practicing anything else.

Hey team! I am doing LOI for 12-unit commercial property. They want escrow money at 2% of asking to submit a LOI. Is this normal? FYI. This is my first commercial property I am pursuing. We didn't do a LOI with my oth...

I'm not sure if the best practice for that is to just have a partner go visit, to build a really strong and trustworthy team, or if it's just crazy altogether.  

The issue that I am running into is that practically all lenders or banks do not fund loans under $50k.

.#5 Practice, Practice, PracticeWalkthrough potential rehab properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.

Currently going through the wealth of information here on the site and practicing deal analysis.  

I agree that letting someone live in a property with fire damage is not best practice.

Rul. 201416006).In practice, it is important for the QEAA to include all of the details between the exchanging parties and the exchange accommodation party holder.

If you are planning to substantially rehab the property, you would need to issue a 120 day notice and there are state, county and potentially city ordinances that you will need to abide by regarding relocation assistance for your tenants.