Alma Mills
How do record a 2nd mortgage - Los Angeles County
We are offering a 2nd mortgage to private lenders on our investment property in the city of Los Angeles for our remodel costs. Does anyone know the process for recording that? I was told it is done on the county lev...
Ted Klein
Six months versus a one year lease
What kind of rental premiums are you charging When a tenant asked for a six-month lease rather than a full One year term that was presented.
Andrew Bolton
Central New Jersey BP Newbie
Hey BP folks, My name is Andrew and I currently own two SFR's in Princeton NJ. I joined BP as I'm looking to accomplish a few things:1) Find homes in central Jersey where I can apply the BRRRR strategy2) Find local f...
Rob Speciale
First Deal - Need Help FAST!
Seller is in high distress! He is in litigation with his business and does not want the proceeds of the sale of his house going towards those debts. He desperately wants to sell, but needs a good portion of his equit...
Aaron Millis
Brrr or sell advice...
Hi BP,So here's my situation: I have a rental property that cash flows well and now has a nice chunk of equity (thanks to appreciation). I'd like to do the BRRR strategy and do a cash out refinance so I can use the mo...
Josh Dubin
Can FHA loan be paid off in 6-12mo?
Hi guys,So, I'm looking to purchase my first home with the intentions of flipping it. I need the highest LTV possible, as I have little saved up. Hard money loan programs seem to be ideal for flipping as they are asse...
Meagan Maestre
Home rehab - Cracked Pool - Repair or fill?
Hello! I was wondering if I could get some advice regarding a flip home with a cracked concrete pool in Florida. From what I've gathered (without being able to get an estimate yet), it will cost upwards of $10k to com...
Bhavesh Patel
lease transfes on duplex?
So I am in on a duplex - how does the lease transfer work for the tenant that's in the back?Do I sign a new one with them?Go over and knock on the door, introduce myself, then setup a time to sign a new lease?Send the...
John Jarvis
Transition Home to a Rental
Hi All,
I'm brand new to the site, so I hope I'm posting in the correct forum. I would like to transition my home (which I own in my own name) to a jointly owned rental (with an investing partner) next year. The ma...
Stuart Bateh
Private Contractors or Company??
I understand finding a private construction crew is cheap and can be beneficial. I know it can also be a nightmare. Has anyone ever just gone with a company, forked out the extra dollars and had things done the cor...