Kate Jones
How to be easily accessible
Hi BP.
So my husband and I are working on buying our first property. We are planning to house-hack our first few properties. As we continue to grow, how have you and/or your significant other deal with tenants? For e...
John Thedford
Got VERY Bad Feedback When Asking About A Potential Borrower
I have a potential borrower asking for a HML. Our good friend and mentor Jay Hinrichs suggested using the 3 C's for underwriting: character of the borrower, capacity to repay the loan, and of course, the collateral.He...
H. M.
lender wants a 2nd bpo ...
When the offer was made, the lender ordered an appraisal. The lender countered with a net of 85% of the appraised value. I made 3 counter offers but, they wouldn't budge from the 85% net.
In order to postpone the f...
Tim Hoffman
Eminent Domain
I am a seasoned investor (15 years and over 60 SFH) in Northern Illinois. I have a property next to one of the local High Schools that is being taken for some school expansion projects. They have given me a good ...
Frances N.
Closing soon on new construction but HOA documents not drafted?
About to close on a new construction townhome in Atlanta in a couple weeks but the builder have not released the HOA covenant or any official HOA documentations. I was assured by the builder’s sale representative that...
Henley H.
How write lease paid for by business for employee to occupy?
We're hoping to rent a unit to an employee of a company- Basically, the company is assuming the costs of the rental and paying for it for their employee to stay in it. The lease we have isn't really written to accommo...
Andy M.
Subject to insurance question
I've been doing sub to deals for a while but I have never run into this problem quite like this before. The first mortgage lender (Ocwen) is asking for evidence of insurance and my agent supplied it but the borrowers ...
Raj Kumar
Rental Lease Agreement-How to protect from Renters pulling out?
Posted this earlier in the wrong forum. Reposting in the correct thread.I have a unit I am trying to lease. This unit lease start date is in November and I have interested parties who are interested in renting it in N...
Loc R.
The Official Chase Bank Sucks Thread
So we have EVERYTHING ready to go on this 4-plex fixer upper I'm buying in Pasadena (yes, the one with the large lady). I can't tell you how many hoops I've jumped through to get to this point (a different story for ...
Powell DiGangi
Tennant wants to have friend move in for longer than 30 days
Dear BPI have a tenant is the only tenant tenant on her lease asking if a friend of hers can move in to the unit temporarily for more than 30 days. The lease says that she must gain owners permission if the guest is ...