Good evening, I was contacted by a potential lender. Being that i'm new to getting funding for my deal I was told that my loan was approved and all I had to do to get it deposited was pay a fee of $250 for security of...
Selling small MF on a 1031, my question is on the security deposits.
In the past when I’ve purchased property the security deposit came out of the seller proceeds, does that work the same when I’m the seller and the...
Hello,
I have always had my applicants fill out a personal information application with all the usual questions and info. I'm starting up my property management business and have been using Google online Docs. I have...
Hello BP member!
I issued a secure note to a LLC of a sole member, he unfortunately died this week. The note is backed up by a property and is a commercial note due to mature on October 18, 2020.
I'm not expecting...
Hello,
I had my home rented out for about a year and a half, the Tenant signed the lease agreement in may of 12, the lease reverts to month by month after 1 year is up.
Anyway, she did not give me prope...
Hello! I have a private medical practice/recently quit my W2 job. I would be a really really awesome borrower (very secure work, very good credit, 0 debt) but don't qualify for a mortgage because my business has been ...
Does anyone have guidance on wording for a PPM. I already feel comfortable with presenting the deal analysis reports but would like to have a PPM statement as to risks to attach to those. Could someone share an exam...
Good morning all. My name is Dennis Williams and I've been around here for a few months just soaking up info through the podcasts and books. A little about myself, I'm currently in the Army, I work as a security offic...
I'm attempting to purchase a property with a tenant already in place. The plan is to purchase the property this month. However, the purchase agreement that my agent wrote up has "The possession of the Property shall b...
I'm trying to buy a carwash in 1.75 acres busy intersection, in business since 2002 , revenues of 580k and nets 350k semi absentee. Asking 1.5 willing to comeback 850k w 650k down. I'd love to find a private lender or...