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11 September 2017 | 4 replies
I think the buyers that will have to pull back are those who took a financial hit from the storm.If you would like to have a conversation about their options, send me a PM.
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12 September 2017 | 8 replies
Hello BP Investors,
I am currently in a situation where I am looking to pull money out of one of my investment properties to put down as a down payment on something bigger.
Being in Brooklyn and the expensive marke...
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11 September 2017 | 0 replies
But in the end, it pays off, and allows you to be a part of a neighborhood's renaissance, which is rewarding both financially, and personally.
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11 September 2017 | 1 reply
Quite often we read on BP about tenants who don't pay their rent on time, for whatever reason. The kids are sick, the car needed repair, pay day comes after the rent is due, etc., etc. Generally, it boils down to poor...
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13 September 2017 | 4 replies
If you don't advertise it publicly but offer in private, you don't promise anything.If you do offer the premises for rent publicly, it has to be compliant with Fair Housing law.It's a slow time in rental business and if you never find who are you looking for, are you willing to take on financial losses because of that?
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11 September 2017 | 2 replies
Their mortgage payments will be paid directly to the lender each month in a timely matter, ensuring that our investment is secure and safe while protecting the seller future profits and paying down the principle putting more into the sellers pocket.Knowing that we are helping the sellers credit score and they won’t have to suffer as a result unable to make those payments.
24 September 2017 | 16 replies
Hey BP,I'm looking for funds to finish my rehab project and someone told me about Sprout Financial unsecured line credit?
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12 September 2017 | 6 replies
The devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due, according to a new forecast from Black Knight Financial Services (BKFS).This new forecast is based on a comparison to the 2005 damage left by Hurricane Katrina, when mortgage delinquencies in FEMA-designated disaster areas across Louisiana and Mississippi soared by 25 percentage points and peaked at over 34 percent.The areas impacted by Harvey have twice as many mortgage properties as those impacted by Katrina—Black Knight estimated there are 1.18 million mortgaged properties in Hurricane Harvey-related FEMA disaster areas, with $179 billion in unpaid mortgage balances.
1 October 2017 | 9 replies
your learning that at some moments in the cycle development makes no financial sense..
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12 September 2017 | 2 replies
I keep a running log of all properties that I get financials on in Berwyn, where I invest, so that I can know what expenses should look like on properties when underwriting.