Carla M Richardson
Ways to Access the MLS
Hello BP Community:What are the different ways that an investor to get access to the MLS other than obtaining a license?Thank you for any constructive feedback.Sincerely,Carla
Algerson Andre
Identifying a new CPA in a new market?
Hello Everyone,
With tax season right around the corner, my wife and I are looking to get the ball rolling on finding a CPA before tax season ramps up. Our property is in the Buffalo market, but I was wondering how f...
Account Closed
Mortgage Contingency
Hello, I'm not real familiar with the mortgage process. Someone put in an offer for a 2-flat I'm selling with about 1% earnest money and a mortgage contingency that says he has 2 months to fully qualify for a mortgage...
Fred Derst
Renter with non working girlfriend
How do you evaluate a renters ability to pay if they have a non working girlfriend and child?I know 3 times rent is rule but do you increase this by the number of others in the home?Also what to do with people who cla...
Dan Rivera
Buying a 3 Family Property - Bust?
Hi Everyone,I'm a newbie investor from Hudson County, NJ with an interest in multifamily properties. I am teaming up with my parents on my first deal. We put in an offer (which was accepted) for a property advertised ...
Jason Malabute
how to use rent comps appropriately
Getting rent comps is one of the most crucial and time-consuming parts of underwriting. The number one rule is to not believe the broker’s rent comp at face value. Remember, “trust but verify” everything. Remember, th...
Luis Leiva
Is a room in house a good investment?
I have the opportunity to buy 3 room in houses (33 total units) that are in a good town and in great shape. The properties are totally renovated and have about a 12 cap. I am a seasoned investor but I have 0 experienc...
Bob Malecki
State/Fed regs on contacting borrowers
This question popped up in a conversation I had with a fellow note buyer today. We are buying 1st position NPLs mainly in the southeastern US and all loans are boarded with FCI who has the proper licensing required. I...
Alexander Bustos
Pre-Approved Loan first?
Starting out, do you need to go get a pre-approved through a bank or lender before looking for your first house to flip?? Or do you find the house then go get approved? I heard that if you don't have pre-approved most...
Z C
Need advice, please
We thought we found two very nice tenants. After background check, the lady showed no apprent issue. But the guy had one civil judgment in 2006 and filed chapter 13 in 2004. Should I deny their application? Thanks.