Stephen N.
Doing first short sale. Need major help
I'm trying to do my first short sale and I really need help.
Here are the details:
FMV of house based on comps: $155K
Repairs needed to property: no more that $20K
Total owed on 1st to Wells Fargo: ~$163K
No second...
Marlon Ribunal
Hi I'm Marlon, a newbie from Long Beach, CA
I have signed up in this site in 2015 but I never engaged. 5 years later, here I am again. But this time I have the itch for learning about how to get started in REI. My goal is to buy my first real estate investment ...
Conrad Legé
Airbnb - registration/licensing
Hi all,I am currently in negotiations for a 3-unit property in Chicago that I plan to live in one of units and use at least one of the units as an Airbnb to start with, while renting out the last remaining unit.I am t...
Todd Staten
Strange tenant situation
We have a tenant that, first of all, has not paid rent for March. Supposedly is waiting to have a new card issued. Tenant tried to shoot himself yesterday, then yelled "Call 911 she tried to kill me". The tenant ne...
Amy Alexander
First Water Damage Claim - Loss of Rents
Hello everyone! I'm fairly new to multi-family and sadly, I'm experiencing my first water damage insurance claim. I'm working on the loss of rents portion of my claim, and the insurance company is asking for a huge ...
Edward Jung
VA loan amount for multi-family
Hello!I’m trying to get an understanding of the approval process for a VA loan. It seems that for serious consideration, a borrower has to have 6 months of the mortgage saved up. However, if the property is partially ...
Rob Ross
Looking for CMA on land in Mason County Washington to purchase
Hello BP!I am looking for someone who could do a market analysis on a piece of land that is on a lake in Mason County, Washington. The owner approached me about selling and I want to buy it. I'm hoping that a market a...
Jonathan Emmons
How to get HOA Tenant approval safely
I am looking to make an offer on a house but it has a clause in the Covenants that all leases must be approved by Board of Directors of HOA. Is there any legal documents I should have them sign if they approve of my t...
Estee D.
Should my tenant sign a new lease with my new LLC?
I'm planning to transfer my rental property to a LLC, do I need to get my current tenant to sign a new lease with the LLC?
Jim Jack
Contract used for lease options
When doing lease option assignment what contracts are needed? I understand the lease contract, the option contract, and an assignment contract all of which are separate correct? Now when collecting the earnest money i...