I sold an office condo in December. $250K, 6.875%, 25 years.

So...when going out for new REI financing, how does that note play into the equation? Do banks consider that income when calculating DTI?

I'm currently trying to write up a purchase agreement for owner financing. The seller is my step-father-in-law with leukemia. We are doing a 5 year balloon payment. My question is, what happens if he dies before we pa...

Hello, I business bankruptcy led to a default on a SBA loan that I wrote a personal guarantee on my home to secure.  The guarantee is still in effect even though the property is worth less than the mortgage on it, let...

Multifamily unit for sale around Temple University. 5 units 23 students. $1,250,000.  $12,650 monthly rent.  $3,000 Insurance, $15,000 Property management.  Tax abatement in effect for next 9 years.  Current taxes $50...

I spoke with a lawyer in regards to the idea of "wholesaling" properties and his take was to just write an option contract outright rather than create what is essentially an option contract by including an escape clau...

Is it true that down payments, closing costs, or prepaids can never be rolled into purchase price of an investment property?

A federal judge recently ruled that the CDC does not have authority to uphold an eviction moratorium! Do you have anyone that you're going to evict who hasn't been paying?
http://propaccess.traviscad.or...

Paging @Bill GulleyRecently you wrote a post about contracts, citing various forms of fraud such as fraud by inducement, etc. A friend has a situation with an unlicensed broker that appears to possibly be going to cou...

Hi BP fam! Looking to get some insight on rehab costs for a distressed property I came across in California. I'm really eager to get an offer in but want to make sure my numbers are right. Does anyone know what the re...

Hello BP,Im reaching out for advice as I am unsure of how to raise rent with my tenant. It's a month to month verbal agreement with a good friend of mine. He pays every month and we've had no issues for the past 7-8 m...