Hi guys, I have primary residence mortgage $272,402.50 remaining at 3.625% with 24 years left and a rental unit with $260,997.99 remaining mortgage at 4% and 23 years left.
I'm thinking of taking a cash out refinance...
Hello BP Community,I recently purchased a single family property with a conventional loan that I'm currently developing (In the planning stage) into a 3-4 unit property. I'm trying to decide if I should fund the renov...
I've recently had an offer excepted on a duplex in southeastern Michigan that I intended on starting my first house hack in after obtaining an FHA loan. The appraisal just came back and the underwriters refuse to app...
Hello everyone,
I am a fairly new investor and recently I bought a duplex in Cleveland (44111) and Brooklyn (44144). I have been under since the day I bought (going on two years now.) I am struggling with keeping the...
My wife and I are considering purchasing 2 unit mutifamily home, probably a duplex in the northern NJ area with FHA 203K loan. We'd live in one unit and rent the other one out, can we use the income from that 2nd unit...
I have an applicant that had an eviction come back on his background check.
When called he stated that it had to be a mistake. My spider sense tells me he is being less than truthful but I’m not 100% sure.
I h...
I get this question pretty regularly from clients so I figured I'd document my answer here to refer back to. Full disclosure, I am not an Attorney or CPA so I recommend you consult with yours however this is what I ca...
So I have a relative that has a 4 unit multifamily apartment complex (Located in a bad area, a lot of graffiti and gang involvement on this street). They have owned it 30+ years. They had the same tenants pretty much ...
Hello all, my question involves the number on a multi family property and how to go about calculating them if you live in one of the units. Im confused and I want to talk out load to see if this makes sense or if anyo...
Most residential developers specialize in one of three areas: - Entitlements & Permitting (Paper Lots) - Horizontal Development (Finished Lots) - Vertical Development (Finished Homes)Some developers focus on multi...