Harriett Williams
Buying a multi family home
hey BP fam! I'm looking to purchase a multifamily home as a first time home owner, I would like a triplex or fourplex. The issue is that I won't qualify for financing at a traditional bank any time soon as I work on m...
Wayne Woodson
Dodd-Frank is going bye bye.
Hi BP I just read that Congress just approved a bill to "dismantle" dodd-frank. What impact do you think this will have on REI?https://www.nbcnews.com/business/economy/congress-just-approved-bill-dismantle-parts-dodd-...
Jay Neil
I generate a nice amount of Probate Leads! What do I do now?
So through my initial contact with the culture of Real Estate Investing, I wanted to find a way to get motivated sellers! Great, In a couple of months I developed a system in my market to generate Probate Leads. I ...
Greg H.
Mobile Home Financing option for an Owner Occupant in Texas
I am closing next week on the purchase of a double wide in East Texas next week from HUD. It is a 2007 5 Bedroom/3 Bath and just needs some minor fix up. It is on a FHA approved foundation, however the lot is small ...
Tim Speasl
"Selling" former primary residence to my LLC. Impossible?
Within the past year I purchased a new home in the same metro area as my former primary residence (Charlotte, NC). I had every intention of selling that house and investing the cash in a multifamily property, however,...
Jordan Archer
When purchasing subject-to, how will the seller acquire another mortgage?
Hey BP,So, if I buy a property sub2, how will the seller be able to finance another property when they are tied to a 30yr loan? Are they stuck until that loan is paid off?Just trying to think of all questions a seller...
Brian Plajer
Lining up Financing before the deal
Hello, How does one go about learning lender requirements for apartment building financing, prior to getting an apartment building under contract? Is there a section, that I'm missing on BP, for commercial lenders?
Jason Conroy
(CA) Does purchaser of an REO property owe the existing tenant the security deposit?
I know on a regular purchase, the new owner assumes the responsibility for the security deposit but I heard on an REO that the purchaser has no obligation to pay the tenant back. This seems unfair to the tenant so I ...
Toni Griffin
New member from Long Island, NY
Hi All,I have been a member for a couple of weeks now and have been enjoying the wealth of information thus far. I have yet to purchase my first multi family however quite close. I have chosen to invest in the North...
San Patel
Is it still a good time to buy a rental in California?
It seems like market is cooling down a bit. Summer time it may pick up a little. Is it better to wait for Q4 to buy a rental in California?