Dean Valadez
Is a W2 needed for a commercial loan?
I am looking to leave my W2 because it is an extremely intense and unhealthy work environment. I would like to get into the real estate industry, don't have any properties yet (so no rental history), have enough capit...
Account Closed
Underwater Foreclosure If Payments are Up to Date
Can a lender typically foreclose on a single mortgage property when it goes underwater, if the payments are kept up to date? In this example, lets say the mortgage is for $500K and the property was $700K and is now wo...
Tim Morales
Hard Money Loan and Refinancing
Hi,If you take out a hard money loan using a property as the collateral for that hard money loan, in order to pay off that property's mortgage, does the hard money loan act as another mortgage against the house once t...
Kris Chavious
Flooded Basement due to tenant not keeping the drain clear
Quick Question: This has not happened yet but it's been on my mind a lot lately. I have a rowhouse style property in Washington, DC and the down spout for the back of the roof leads to a drain outside of the basement ...
Casey Murray
Rehabbing with Occupied Units
Quick question for BP. What's your approach to rehabbing a multi-family property while the units are occupied? Let's say you just bought a fourplex in need of cosmetic repairs (no structural improvements needed) that'...
Josh Ezeudo
If I buy a home through NACA can I use it as an Airbnb?
This is my idea for an investing baby step - using a home I own as an occasional Airbnb. Would that still count as owner occupied in their eyes?Also, can I refinance with another lender and thus get out of the NACA mo...
Henry Clark
Self Storage- Crime Management
Response to a persons question on Crime management at Self StorageMy Brother wrote the Nuclear, Biological and Chemical warfare manuals for all North American Air Force and Army bases. One California Fire Season he wa...
Robin Evans
Breaking lease and pest issue
Dear BP freinds we have a upstairs and downstairs duplex and the situation is a mixture of lease termination and bug issue. Both units were rented out last May. Our lease says After the first 10 days of the Term, Tena...
Dan Lapp
Ethics During COVID-19
I finally feel like I am ready to get started in real estate, but like everything else in 2020, my timing wasn’t great - due to Covid, the market where I live has been stagnant. However, The CARES act that prevented e...
Jose Mireles
Any wholesaler ripped off by investor?
Has anyone as a wholesaler had a contract with a seller and after finding a buyer and showing them the property the buyer dealt with the seller directly cutting you off the deal even though you had the property under ...