Aaron Araujo
Finance of America Commercial - Any Good?
Hey Everyone!I'm looking at short term financing options for a BRRR deal in New Bedford, Massachusetts. I cam across Finance of America Commercial and spoke with a representative who sent me over an application packet...
Marcus House
Rental Applicant Follow Up
I am trying to improve on my process of renting properties. I have already picked up a few pointers on this site that I had not thought of previously.As a landlord or property manager, after someone view your propert...
Joe Turner
Should I go to the state board?
I'll try to be brief.
I was shown a house and the MLS remarks had a city project id, there was an assessment and the payment to the buyer from the city for replacing a retaining wall and fence.
My buyer...
Brian Tran
Advice for Private Money Lender Relationship For First Deal
Hello,I am working towards my first rental property and I found a local PML at a REIA meeting. They are nice people but I don't have a close relation with them. They are happy to lend to me but require that I send my ...
Carissa Holmes
Buying 2-4 unit mult-fam under LLC -what are the steps for funding - must it be comm?
This will be our first purchase not in our personal names. It will be purchased by our LLC. I'm trying to understand the process for purchasing 2-4 doors under a llc and how it differs from buying 2-4 doors under ou...
Behrooz K.
Property back on market during short sale process
Hi Everyone, Couple of months ago I got involved in a short sale. The broker gave us a BPO of $140k. Suggested I bid 120. I bid 110. Couple months later the bank came back with their appraisal of 170. Broker said thei...
Sean Kollee
inner city duplex part 1-4
OK, Im going to run through a project here in its painful entirety - start to finish. I will figure out if I can post here efficiently so it is easy to follow along, text, images etc. I have all the material on my we...
Mike L.
Do 1099 realtors qualify for the “PPP” government program
Hi everyone,I’ve had the hardest time figuring out if 1099 independent contractors working as real estate agents qualify to get money from the government under the disaster sba forgivable loans. It seems that we do, b...
Tom Lipps
Title Company did not include Prorated Rent or Deposit
Hi BP!I'm set to close on my first rental ($82k duplex) this Friday.However, I received the Title Agency's Final Settlement charges and it does not include a Prorated Rent or Security Deposit from the seller (even tho...
Wendy Carpenter
Quarterly Financial Report for Bank?
I have a new(ish) commercial loan on a mini storage facility. I saw in my loan docs that I'm supposed to submit quarterly financial reports to them.Can someone help me figure out how to structure my report or what the...