Hello BP,Diligent researcher here, in the beginning of my acquiring knowledge phase. I have a question in regard to the 5% Conventional loan. Is this a hard loan to obtain? I have heard it is pretty rare, but it is th...

In the course of discussion with a RE Broker, the broker stated that they advised all of their clients to request their RMLO charge their origination fee as a discount point.The intent is to capture the tax write off ...

I am looking at a 4 + 1 unit in the basement property in Steger, IL. Trying to get lender to approve this as a 4 unit to take advantage of the conventional residential loan, however the lender counts the basement as a...

What is the meaning of rezoning a property? Thanks!

I am looking at the potential of building a 2,500 sq ft (give or take) commercial building on a land lease.  I am not familiar with land leases other than an building we own where we own the land and building and pay ...

I recently discovered that FHA loans will allow some amount of commercial space in a property so long as it is doesn't overshadow the residence. I am looking at a live in motel situation where there is a one bedroom  ...

Hello BP,Can you advise me is this considered a good deal to refinance my rental property? I'm currently on a 12 month Hardmoney rehab loan looking to refinance out of the high interest rate. I was offered below:Aroun...

I am curious about the importance of a certificate of occupancy. Does it help to have one for an appraisal when it comes to refinancing a property?  What has been your experience? Thanks, -James

Hello all,

I understand that LLCs can't purchase homes use Homepath Renovation loans. Does anyone have experience with purchasing an REO using a Homepath Renovation loan as an individual and transferring own...

Has anyone put in their leases a clause that says basically if you are more than 30 days late on your rent, the owner (me) has a right to immediate eviction. If so has this helped with evictions and is it enforceable?