Sean Link
Part 1: Closing my first deal. What I would do differently. Inspection objection
I recently closed on my first deal and wanted to share some insights from the experience. When I submitted my offer and it was accepted, the property went under contract. This signified that the seller and I had enter...
Ryan Wright
RV Park Syndication
Greetings! Anyone have ideas on how to continue investing when your money is tied up in a commercial real estate deal?Lender said I can’t dip into our equity for a minimum of 12 months. Suggestions?Thanks!
Cristopher Hanks
Buying a second investment property when I don’t have access to equity from 1st
Greetings,
I currently own one single family home. I have a lot of natural equity built up and I currently have tenants occupying it on a 1 year lease. I am currently living in a separate property I don’t own, just r...
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...
Alex S
When are denial letters required?
Hi Everyone
I'm new to BP so I hope it's ok to jump in and ask a related question here. I own 3 rental townhomes and my primary residence. I recently received an application with no fee via fax. If there are no reas...
Larry K.
Foreclosures being sold for $100 to the plaintiff...What does this mean?
I have been tracking the foreclosure sales in my target county (Passaic County, NJ) and am seeing of those that are "open" (many are adjourned) most are being sold to the plaintiff for $100. I suppose this means the ...
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...
Haresh Melwani
Due Diligence and Financing on 10-14 unit multifamily help
Hello BP Family,We are about to go under contract for our first small multifamily property. For discussion purposes, I will use a 10 - 14 unit in SC example. We expect to have a 30 day due diligence period followed by...
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...