Hello BP,I would like to touch on a subject which I have never come across in any of the books I've read nor often discussed in the BP forums; yet I believe its is a very real thing from my understanding and appears t...
I have been contemplating using money from my IRA to fund an LLC and get started in multi family. I know I'll be taxed and pay penalty for early withdrawal, But I feel I can make up that money plus more with REI. I ju...
So I was showing a unit where I posted no pets. A prospective tenant came by knowing this and after she asked about whether or not I will accept pets, I said no. She then proceeded to tell me, "Well, all i have to ...
Hello BP community. Just closed our first rehab deal 13 days ago. We got a few bids and decided to use contractor referred to us by wholesaler who also does several flips in the same area. Prior to closing on proper...
Hello all!
I have two 403b accounts from previous employers and am interested in using this money for a down payment on a property. I’ve seen info about 403b loans (doesn’t seem like this is possible since I’m no lon...
Curious to hear people's thoughts on recourse versus non recourse loans on apartment buildings. Pros/cons, etc. I have a great quote from First Republic but it is recourse. I can't decide if I really care. Only doing ...
Starting March 2025, Freddie Mac and Fannie Mae will enforce new lease standards for multifamily properties seeking financing, aiming to bolster tenant protections. These standards include a mandatory five-day grace p...
I've done a traditional loan to my personal name and I've done a straight commercial/business loan (5year) to an LLC for a multi family but I've never pursued a fixed rate longer term note to an LLC. I have a single f...
Hello, I am seeking advice as I am new to seller financing. I want to understand how to structure the finance terms.if for example the house is on the market for $200K1. how much do i ask for down payment2 going in...
My partner @Jonathan West and I have found an off-market four family that we are interested in purchasing from a seasoned investor. This property is in a great location and the numbers work out based on our conservati...