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Hi BP team, I'm gut renovating a grandfathered 3 family in jersey city and would like to know if anyone here has any experience with such a project. The property was earlier being used as a two family. I'd like to u...
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I'm finding this forum really really interesting however a lot of this information isn't applicable to NY Metro area where the 50% rule or even say 20% isn't possible and just won't apply and seems to be more fantasy...
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So I have a highly motivated seller who has 2 mortgages.1st 219,0002nd 58,000 both at 5.3% =277,000 property needs 20,000 of repairsARV IS 310,000 she's willing to bring some money to the table to get out of property...
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I am/was under contract on a property in NJ and now the seller wants to raise the price. I guess we are technically out of contract because I haven't provided them a mortgage conformation by the deadline in our contra...
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I found a bank owned foreclosure triplex on the MLS that is zoned as a single family. Is that normal, or do I need to try to get the zoning changed? If so, how difficult is that?
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Anyone know if there may be any tax advantage to living in a commercial property (more than 4 units and less than 10)? I searched the forums and didn't see anything, if there is something in here on this and I missed...
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Does anyone have a good suggestion on the best way to handle setting up and taxing a single family home rehab and flip?My investor on this this project purchased this home using cash and the property is in his name. ...
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Buying a home FHA and my grand father gifting me$2500 but FHA requires 2 months bank statements. My grandfather is a business man and all his financial is confidential so what are any other options? And wiring the mo...
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I have heard the topic of Fannie Mae and Freddie Mac on bp podcasts. What are these two things?