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My wife and I are currently located in El Paso, Texas, but we will be relocating in a few months to Pflugerville, Tx. where we will look for our first investment property. We are interested in buy and hold investme...
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we are purchasing a 16 door unit. Received loan docs and there are the following conditions. Wondering if this is normal as its our first commercial loan. Provide yearly tax returnsProvide leases and tenants informa...
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Hi BPs!I need your feedback on this. So I've applied for a mortgage loan. The investment property is in Illinois, a 3/2 house. It appears that I've passed all the requirements from the underwriter except for one th...
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Aloha BP!I've been trying to ask owners of multi-family if they'd be willing to send me their trailing 12 to help educate myself but I haven't found any takers? Is this taboo to do or should I continue asking? To star...
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Hi, I just ran into an unusual situation and was wondering what experience others have. I have had multiple commercial loans over the years, and many now require a fresh set of financial statements, rent rolls, etc. ...
I'm trying to finalize a purchase but underwriting is not accepting my profit/loss statement and says it has to be certified by a licenced CPA. I need a CPA who can get me a quick turnaround. This would be for 2020 a...
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I had heard a good tip from an investor to get a copy of a new contractors bank statement to provide proof that they aren't paycheck to paycheck GC's. Anybody else on here do that or have heard of doing that? Won't...
I am thinking about making the leap from SF rentals (I currently have 4) and buying an apartment building. The SF market is just getting really tight. Before I get too far down this road though I'd like to understan...
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Hello, I have been working on coming up with a more accurate personal balance sheet (as have my two partners in my LLCs) and personal financial statements. One things we are a bit confused on is how to show the ass...
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HiI plan to buy larger (10+ units) investment properties in these areas:-Detroit/ Memphis/ Houston/ Chicago/ GA/ VA What do you think about these cities or states?I like Detroit but i heard people are leaving. So, I ...