Hi everyone! I am in contact with a friend whose deceased uncle owned a property that has a reverse mortgage from 2009 for $258,000. I'm trying to find out if this deal is even worth spending time on. Is anyone famili...
Bank of America or Chase for business account? So about to open up a business account for a new LLC and was curious on feedback between Bank of America and Chase. Please advise
Ask any question regarding multifamily lending with Fannie and Freddie. Topics may include proper expense guidance, COVID-19 escrows and their releases, net worth and liquidity requirements or non-recourse elements. I...
Hello
My tenant did not pay the balance of move-in costs by the due date after the contract execution. Several unsuccessful attempts have been made to request payments and have received multiple excuses (could not f...
Hey everyone!We had our tenant send a text message stating she was giving her 30 days on a month to month lease on July 31 asking to live out her security deposit. I let her know that would not be possible and her lea...
I'm a new investor in the multifamily space, and I wanted to see if anyone had advice/experience with Specialty Apartment Lending Programs? Specifically Fannie Mae and Freddie Mac.
So, I have seen a lot of posts referencing the development and implementation of systems to make owning and managing their rentals either on a smaller or larger scale. I was just wondering what specific systems people...
Hi Guys, Sometimes its the simplest concepts that I overthink, but I am having a bit of trouble comprehending a refinance. Lets assume I take out a mortgage for X amount amortized over 30 years at 6%. When I refinance...
I bought a building personally that is being used in our partnership. The building is used for softball batting practice, lessons, camps, etc. I understand the basis rules for depreciation (lower of cost or market)....
I’d love to discuss the All In One Loan and how other members finance real estate growth. Full disclosure, I sell the All In One Loan and i personally use it to multiply real estate. I think it’s simply the best finan...