Hi all, we are finishing a brrrrr on multifamily residential property made up of four units and we are trying to refinance out. Everything coming back at 70% LTV, does anyone know of a 75% or 80% program? It’s non-own...
I have a good candidate for a rental who has a traffic convition for not carrying insurance and driving without registration. How would you handle this? Ask them further questions about it? Deny? Accept?Thanks!
How can I find out of my property is in a Flood Zone?
As a landscape contractor most of my competitors are uninsured but I find homeowners seem to care more than landlords about insurance, why is that? This is a generalization to elicit feedback but my comment is based o...
After listing my property (a 4-plex in San Diego) too high in a declining market, receiving no offers after a month even after a 9% price cut, I asked my broker: at what price could he guarantee an offer within a week...
Hello! I found a $600k SFH in Seattle on a corner lot with enough room to build a DADU (will sell for $600k). There are two issues (opportunities?) though; (1) there are tenants in the house on a two year lease (payme...
let's say I offered to carry a 20% note to move a property quickly, and found a buyer. I would assume their lender would be in first lienholder position. If the buyer defaulted on the loan (s), wouldnt I be last in li...
Good morning BP!What is the best advice to give someone who wants to start flipping?Taking the first step to getting over the hurdle into real estate investing can be scary for new people. If you had to give someone a...
I have a couple of properties in Detroit that are insured by NREIG/Affinity. I went to get an umbrella liability policy for my properties (these and also those in other states) with my insurer in California, State Fa...
My partners and I recently purchased our first investment property together and we're looking to do a pretty large rehab that will take about 4 or 5 months. We are going the route of hiring a GC and letting him run t...