Charles McCabe
Legality/Liability in reported hazardous condition.
Hypothetical: Pennsylvania tenant reports a hazardous condition in their unit (missing floorboard, arcing light switch, something like that). What are the landlord's obligations? Are there specific timeframes estab...
Mike Schorah
What’s more important? Motivation or condition?
When sourcing deals, is it more important to ask when they’re going to sell or is it more important to ask the property condition?
I heard somewhere that the more distressed the property is the easier it is to get ...
Paul Jozwiak
Loan options for non livable condition
I'm looking to purchase a multi-unit investment property. Back story is female purchased with expectations that her bf would renovate it and they'd live in one unit and rent out the other. Well they made it through ...
Billie Miller
Underwriting conditions on a flip...ugh.
Hello all,We're set to sell a townhouse flip within a week and the underwriter is making it difficult. We bought this property as a wholesale, it was a double closing. So public records show that the property was sold...
Michael Elliott
STR House Conditions in Disney Area
We walked a few houses Tuesday and we were shocked at the wear and tear in them. More shocking was that RE Agents are posting listing photos from several years ago but that is another topic! What is everyone's exper...
Esteban Mosqueira
Calculating ARV with current market conditions
Most markets are starting to see a change in prices, however fix and flippers are still buying. How do you calculate ARV since comparable properties that sold 2-6 months ago (peak of the market) are not accurate compa...
Johnathon Hendon
Condition and cosmetics of rental homes
Hello members of BP,
I have a quick question about rental properties.
I’m a new investor and I’m stressing out at the moment with the work load i managed to put on my shoulders. So far on the “to do list“ i have to ...
Account Closed
Philadelphia Hard Money Lending Market Conditions
Looking for local investors in the greater Philadelphia area willing to provide their thoughts on local hard money lending. What are some of the criteria that you have considered in comparing lenders aside from LTV, p...
Trisha Punneo
Loan terms and conditions agreement help
Can anyone tell me if this is a good loan agreement?
LOAN TERMS AND CONDITIONS
(1) Borrower must have a working bank account in his/her name or company name which will be used for the transfer of t...
Sarah Hardy
Heloc or Refinance under certain conditions?
Hi BP,
I currently own a home with two mortgages on it. I own the home now but the mortgages are under my parents name and they pay them. One of them is a line of credit and the other is the original mortgage. The to...