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My portfolio lender is willing to let me into properties with only 10% down if I can keep them around 60%. This leaves me with the remaining 30% to finance. Are there many sources out there for this money given that t...
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Hello BP family hope somebody can help me with this question. My mother and grandmother owned a home together. my grandmother passed away but she had no will does this make my mother the owner of the home or does she ...
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We have a by laws that says board is supposed to have a meeting every year and the membership expires before the annual meeting.But the problem is, we are not having enough quorum to have annual meeting or election.So...
Question - I have a client who would like to sell his investment property, then purchase via 1031 a property owned by an LLC in which he has an ownership interest. Is this possible?
I have a 250 unit multi family i am looking to buy the owner has a mortgage balance of 5,558,615 amortization 360 months interest rate 6.16% and gsi is 1,274,602 exp are 752,802 and noi is 521,800 100% occupied. The S...
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So I'm working with a local non-profit to help them liquidate at least one, but probably 2 of 3 properties currently under a commercial umbrella mortgage held by a regional bank. They are looking to tidy up their affa...
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If I were to flip a house and sell it within 6 months after purchase, would I qualify for 1031 tax exchange? or would there be a time period I should hold the property until i can qualify? Should I flip then put it u...
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I was told that if a tenant has a life changing event (change jobs, move, etc.) during the course of their lease, it is the landlord's job to begin looking for a new tenant. The original tenant is still held to the o...
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Hi,I'm in DD on a note in Michigan. There is a second mortgage on the O&E held by the Michigan Homeowner Assistance NonProfit Housing Corporation Acting Through Michigan State Housing Development Authority(Whew!!...
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Market dictated we lower the rent, now tenant wants the difference refunded from the security deposit.They are good tenants & he is an accountant, so really into number crunching.Thoughts?