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How to deal with an uncooperative Listing Agent?
I have a borrower (self-employed) who is purchasing a 640k property in Orlando area who has had to clear up unexpected conditions in order to obtain a loan commitment, but he has done what was needed and we're back on...
Jason Malabute
BRRRR....top of the market
Do you guys think doing BRRRR right now during the peak of the market is a bad idea? What if the market crashes before you are able to refinance (with all that cash tied up in a property)?
Christian L.
Has anyone used corporate direct (Garrett Sutton) for LLC
Has anyone used corporate direct (Garrett Sutton's law firm) to set up their LLC? I have read his books and I am planning to use them. I was wondering if anyone has had experience with Corporate Direct and would lik...
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Buyer Insisting on THIRD walk through
The buyers of our house are threatening to delay our closing time if they don't get to come in for a SECOND final walk through.Buyers—first time home buyers. Conducted inspection one day. Sewer inspection another day....
Matt Morand
Tenant Turn Over Cost Rules of Thumb
Is there a general rule of thumb that is used when underwriting the cost of tenant turn over?
Peter Eberhardt
To refi or not refi 60 days after purchase
So, to humor myself today I opened one of those common mailer advertisements to see what crazy low rate they wanted to push me on my condo for. To my surprise it was actually for a 4plex that I just purchased less the...
John Morgan
Will all banks halt loans?
What are the odds all banks will put a pause on our investment loans? I’ve got two Freddie loans and seven loans through my credit union. I’ve got some reserves for this, but I could be out of a job soon myself and co...
Sachin Bhat
Bank changed their terms after getting an appraisal
Hello bp family,
I have a duplex that is completely rehabbed and ready for rental, I wanted to take my equity out so I can purchase more rentals. So, I contacted one of the private bank and they gave me their terms. ...
Michael Fitts
Some Changes I See In Real Estate Post Coronavirus
I was thinking about how this pandemic will shape not only real estate but business as a whole once the world gets back to “normal”. Just looking at the amount of businesses forced to close by the government has led t...
Tim Johnson
Lima one Capital - temp hold rental funding
Just received this one from LIMA ONE.
Due to the ongoing volatility and uncertainty in the capital markets, Lima One has made the difficult decision to put a temporary hold on all Rental loan closings. This change wi...