William Sieving
Lender is late on closing
I am working with a lender from the BP resource list and have already extended closing by two weeks because this lender claimed they needed more time to obtain financing. Now we are less than three days from closing a...
Paul Kit
Purchase of sale and agreement for mobile home park
Do I need an attorney who specialize in MHP to draft P&S? or an experienced real estate attorney can handle this?It seems hard to find an attorney who has done MHP deal.Any input would be appreciated.Thank you much
Jerome Caldito
Eviction options to owner occupy during COVID-19
Looking for solutions:For those in Los Angeles County / San Gabriel Valley area, what options are there to no-fault evict inherited tenants in order to occupy a unit? Am I out of luck due to the eviction moratorium? I...
Jon Dang
Closing soon should I be worried? Vacancy? What to look out for?
Hello BP family,I was scheduled for a closing this Thursday. Quadplex: 2br/1bath, cost $211k, seller pay closing. C class neighborhood. Repair 5k. New roof. Older hvac 12 yrs old.Cash flow:600/month with PMHowever, th...
Viral Mehta
Seller backing out of a signed contract in Texas
I signed a purchase agreement for my first investment property in Texas - the original closing date was early April. I paid my earnest money on time and have my loan ready to go. However, it turns out that the seller'...
Rogelio M.
Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property a
Ref: Lender "Mortgagee Clause" vs. "Additional Insured" on Insurance Policy to Property as CollateralHow specifically should a private lender be mentioned on the owner's insurance policy to a property used as collate...
Dan Oconnell
Most important next step
Hi everyone,
My wife and I are embarking on this real estate investment plan. We want to make sure we are going about it the right way.
Right now we live in a single family fixer upper. We moved here a year ago fro...
Account Closed
Legal Accessory Apartment Loopholes
Hello BP!I posted this over in Tax/Legal issues, but am moving it here.My wife and I are currently in a property in Pleasant Grove, Utah. We have a legal accessory apartment that we currently rent out, however, as far...
Akil Kariym-Bey
Questions to establish lines of credit???
Whats going on BP family!!! My name is Akil, I've been a long time consumer first, or third time posting?
I am a new General Manager for Philcorp Solutions, a disaster relief/ construction and restoration company l...
Thomas Meyer
Taking over a whole note
I own half a note (First Trust Deed) with a partner. The loan is due in four months, but the borrower wants an extension of a year. I am willing to extend the term, but my partner may not. How do I take over his porti...