Kenneth Woodall
Buying a Chapter 11 Business Question
I am approaching a multi unit that has been approved for chapter 11. Is the current owner allowed to accept an offer lower than the total debts?Simplified example:10 unit property with $1mil in debt. $800K is from a s...
Ethan Garrett
Overcoming DTI Concerns in "Subject-To" Deals
Hey fellow investors,
I've recently come across a challenge in a "subject-to" deal and I'm reaching out for insights and solutions from this knowledgeable community.The Challenge:How can we structure a "subject-to" d...
Kelly Creamer
Mortgage requirement: 12 month lease. But i want to Airbnb
I am purchasing a new condo and am hoping to rent out my current condo. This will be my first foray into being a landlord. One of the requirements the lender has is that I have a 12 month lease to meet income requirem...
Andy H.
Evicting a tenant who filed for bankruptcy: cash for keys?
Has anyone ever offered a tenant who is behind in rent and has filed for bankruptcy cash-for-keys to get them out?We have a property in Memphis that is being managed by a property manager. The tenant paid May rent, bu...
Joshua Gordon
Bandit sign question
Where do I go to find out the exact rules about use of bandit signs in a city?
Joseph F.
To Lien or not to lien
Buying a property cash using hard money. I will issue the lender a promissory note outlining the terms of the loan. I have outstanding a Federal Tax lien that I am trying to pay off. Should I lien the property ...
Michael Vallee
Commercial financing question
No longer amongst the "W-2'ers" - living on rental income and capital. (Due to circumstance - more so than some freedom walkout retirement announcement)
When applying for a commercial loan - I've read that the loan i...
Cody Summers
Starting Out While Being in the Military
Hi, my name is Cody and I'm currently wanting to get started in real estate investment. My fiancé and myself both bought our first home here in Clovis, NM and we're hoping to use it as a rental in the following years ...
Wayne M.
IRA for rental property
I am thinking about an SD IRA for the purchase of a rental property and my question is, I know that all of the rent payment goes back into the IRA but once it is paid off does the payment continue to go into the IRA o...
Lashad Hamilton
FICO score to low to attract lenders
Good morning BP family,I have come across the challenge of needing to raise my FICO score in order to show lenders I can be responsible. I have a goal to purchase my 1st investment in 1 year. I understand mostly what ...