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Howdy BP folks! Under contract for what will hopefully be our first multi-family property in Manchester, NH. It's 3 level 6 unit. We'd ideally like to take the first floor (3b, 1b) and convert it into two 2bd units. T...
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My parents built a home in 1999. It's appraised at 430k. They have been battling foreclosure for well over 5 years. Just barely scrapping by to keep the loan current the best they possibly can.They owe $141k on the fi...
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What's all the Hype with the new law? Well this will apply to your RE LLCs…
A new law was passed back in 2020 which has not been on the radar for most business owners. Let's start with the fact that the U.S. Treasury...
I'm going to sound like a real novice on this one....How do people make money by owning condominium buildings? Not the units, but the building itself?Do the people that own the units pay them a fee? How much is it usu...
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Hello all, I am about to have some money saved up and I want to spend it smartly. I’ve been reading about real estate and the like for a few years now and I’m really interested in pursuing it for some long-term wealth...
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I'm wondering if anyone has use the strategy of buying a note after the Lis Pendens has been filed? There's a couple of properties in the area that have enough equity and I'd love to try to rectify the loan, but if n...
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Hello all,I am currently in a situation where one of our retail property tenants is refusing to acknowledge and pay late fees as stated in the lease. This property is a family property and until recently it was manage...
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A 12 unit condo buidling i own has City of CS liens over $6,000,000, the liens are on the Hoa, not on the individual units. This is about 2x as much as the entire buidling is worth. I did try to negotiate with the c...
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I have been considering the idea of using HMLs in the future. Not that I would plan to, but I was hoping some of the HMLs or folks with experience borrowing from HMLs could describe what happens if you default.
So fa...