Han T.
Self-Originating Promissory Note and Mortgage
Hi All,A few questions here.1. Have anyone self-originated a promissory note (pledging their properties as first lien with a mortgage note) before? What I mean is, instead of finding banks, FHA, commercial loans or Ha...
Joshua Drummond
10.5% Cash on Cash Return 987K - 5 Million Leverage
Hey All. I thought I would share this cool package with the community that we put together for an Investor last week on Friday. We are set to close on it this week, I thought some feedback from the BiggerPockets membe...
Jennifer Stradtman
Multifamily property greater than 4 units - any tips?
My realtor brought me an 8 unit multifamily opp. I’m conducting my due diligence. all currently rented for $850/mo. Taxes are $7200. Likely below market rents by $100-200/mo. No vacancies. Sale list price is $720k. B...
Gary B.
Fraud on a bank LOI by Broker
Hello Fellow investors, I am working with a broker for a loan on multi-family property. Broker photoshopped the Bank's original LOI to reflect higher origination fee. Later when he slipped through his fee, then he sen...
Account Closed
Indianapolis Friendly REI Mortgage banker
Hello all,I've gone to a few banks in Indianapolis to try and qualify for a conventional loan, and have been repeatedly shot down. The real sticking point is that I have a lot of student loans, however they are on IB...
Alessandra Verbena
Northern CA coastal markets entering bubble territory?
I thought I had seen it all until now. People scrambling in desperation to buy a home. Any "home" here on the Central Coast near San Jose and Silicon Valley. Even if it is a mobile home in a leased park, it is going o...
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...
Christina B.
STR Insurance Medical Liability Coverage plus Underwriting request for Gross Income
Currently, we have a commercial policy with State Farm but when our lawyer reviewed it, she recommended we increase our medical liability coverage. Both Air Cover & VRBO provide medical liability up to $1M (and we...
Asim G.
Buy and hold SFR with illegal additions
Hi,I am new to the Phoenix market and am exploring the purchase of buy and hold SFR. I keep coming across properties that have a higher sqft in the listing than what shows up on the county site and I can only assume t...
Jesse Burns
Division of Assets During a Divorce
Hello, I have 6 rental properties under an LLC that is equally owned by me and my soon to be ex wife. We are going through a contentious divorce and I would like to buy her out, but apparently thats not very easy.If w...