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In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...
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I hope you enjoyed your Holiday season,I'm working a deal for a triplex, the unit cost 32.5k, needs 45k in repairs. The ARV should be 150k-160k. I should be closing before the end of the year. I'm using hard money for...
Hey guys,I just released a new article on the BiggerPockets Forum which you can find right here: These 15 Tech Tools Will Supercharge Your Vacation Rental BusinessI as wondering if those of you who run Airbnb/vacatio...
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Good morning BP,How are you currently finding your deals? Are you using an agent, wholesaler, Zillow or Propstream?Have you found one outlet to be more successful than the other?
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I am looking to purchase my first house, and will be renting out the extra rooms. Is there anyone that has owned and rented college homes to students, that could pass along some advice for this market? Or perhaps any ...
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Why do appraisals required by lenders for properties purchased with conventional mortgages always - a very high percentage - get valued at a ridiculously close number to the final selling price?There is no way apprais...
Hi,
Is there a company that would provide proof of funds for a fee? We would like to include a proof of funds letter with our offers sent.
We want to make sure it's a legitimate company/bank and not a f...
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I have been reading through the forum posts on LLCs and I am still unclear on a few points.1- Should I use an LLC for my first property or wait untill I have a few and enough equity/cash flo to worry about? (That said...
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I had a buyer back out after closing because he did not like his finance companies process. He stopped the wire transfer after the closing. Is there anything that can be done about this?
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I am currently preparing our vacation home in Vermont near Mount Snow to accept vacation rentals. The thing about a house in a heavily wooded area is that there is a never ending stream of mice looking to get in. I kn...