Nick Donato
Breached Covenant on Commercial Loan
Hello, I have a 12 plex in Colorado Springs and First Bank is handling the loan. They recently said I breached the covenant of the mortgage by not meeting their Debt Coverage Ratio of 1.3 in 2022. Due to this, they ...
Isaac S.
Court Case Water Bill
Hi, it seems for one of my properties we weren't getting the water bill for some time and i received a court hearing now for not paying (and worse of all its on a Saturday morning). Any suggestions on how I can just p...
Dustin Brackins
Storage Unit analysis
Hi, I'm brand new to BP so I'm sure this may have been asked before but her goes... I have an opportunity to purchase a 262 unit storage facility and can structure a deal with no money out of pocket. I'm trying to fin...
Mike Quealy
New member introduction
Hi everyoneI'm new to BP and would like to introduce myself. A bit about me: After two tours of combat service in Iraq, I was honorably discharged from the Army in 2007. From there, I worked for NBC in Boston as a Bro...
Deborah Burian
Property in pre-foreclosure with deceased owner
Property in Colorado is in pre-foreclosure, however the owner is deceased and there is no evidence that the estate was probated. Is the next step to contact the bank, or to contact the closest known family member? @Jo...
James Park
Where are you investing in outside of real estate at the moment?
Five years ago it seemed more obvious to me where to invest in paper assets but these days the market seems like a roller coaster and unpredictable. I am tempted to start taking positions in shorting long term treasur...
Cason Moore
Earnest money not used at closing but not disclosed
Had a buyer for our home put 2K in earnest money down. Closing date could not be met due to issues seling her home, which was not a condition of our contract. Extended closing with additional 2K earnest money, for tot...
Dan Krause
Is location the most important thing with NNN investments?
:D As a NNN investor is location just as important as any other kind of RE investing-Location, Location, Location? Or is it not as important. Because when you approach commercial lenders they are not at all intereste...
Amanda Cadena
Owner Finance
What is everyones outlook on Owner Financing? There is a possibilty that this may be the an option for my first deal...I have an older lady trying to sale her home because she no longer wants to have responsibility. S...
Kathy Leach
Using 401k vs. HELOC vs. Home Equity loan for STR Down Payment
Hello. I am new to real estate investing planning to buy my first STR in 2023, I am saving for cash down payment but wondering if taking a loan from my 401k would be a way for me to make this purchase sooner if the ri...