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Hello BPers! Newbie here in contract for my first rental property (duplex with both sides occupied). Thanks to this great community for getting me here!.Couple questions regarding contract phase:.1. Seller does not ha...
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So close on our first buy and hold purchase.FannieMae Homepath Tri-plex that we got under contract for 160K. The numbers worked out really well. Not much work to be done, just a re-paint and I was going to replace a...
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This is my first file of refinance. What information that I need to collect as a loan officer?or what documents will borrowers need to submit to the loan officer for refinancing? Thank you very much
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Hello,I am facing a new situation and need input.One of my tenants died approximately 1 month ago, it may have been suicide.She and her children were the only ones on the lease. I was notified by the tenant's mother (...
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Hey everyone! I wanted to reach out and see investors' specific criteria when selecting a PM. Do you have a checklist of things that a PM must check off? Is the majority of it price based? Do you make a decision based...
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Hello everyone,I recently went under contract for a 3 unit MFR in the Cleveland Heights section of Cleveland, OH. I need to connect with a lender who can assist me with obtaining a loan based on the following criteria...
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Hey everyone. Yesterday I got a lead which could be very profitable. Time is of the essence. First, I will give a little background, and then the question. The full situation will be posted by me on another thread...
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Hello,My name is Quinn, and my brother Dillon and I have co-owned our single family home (4 bed/ 3 bath) for almost 3 years now. It was our first home purchase after moving out of our parents house. It is located in t...
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So, I've got a perfect opportunity for a Sub2 deal (the seller is totally on board), but I don't know what I need to do to make it happen. My local REIA said go talk to a lawyer, so I've got a few calls out.
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Morning BP, Been reading @Brandon Turner book "Managing Rental Properties" because Friday we'll be closing on our very FIRST RENTAL property (very excited to reach this goal of 2016)!My duplex is in one of the lower i...