Michael King
Owner-OccupiCan the bank tell you which unit you must occupy?
Good evening everyone.
I am in the process of purchasing a multi-family property. I plan to move into the property with my wife. The bank that is financing us wants us to provide proof of residence after we close....
Nate Larson
Ten Steps Ahead - Investor Preparedness
During these current and unprecedented economic conditions, nearly all businesses have suffered some sort of financial strain, however, I'm here to tell you that it doesn't have to be that way.
We've all heard the ma...
Nathan Williams
NEW eviction moratorium extension to Sep 2021 being proposed
FYI for anyone who needs to plan accordingly.
https://www.washingtonpost.com...
Biden's stimulus package proposal includes an eviction moratorium extension to September of 2021. They are trying to put in rental ass...
Wendy Busa
Would you private lend on Subject to?
2 questions, I have an investor that I have loaned money to in the past and he is doing a subject to. The comps look good, the LTV for ARV is 76%, the bank has the primary lien, so this would 2nd lien position. 1. Is ...
Janell E.
Tenant won't leave for mold remediation
A drain pipe disconnected in the crawlspace of a small apartment building. I noticed a musty smell upon doing my routine hallway cleaning (no tenants had complained of smell). Found water in the crawlspace that had re...
Michael Quang
C Neighborhood Rental- Rent Ready, but unable to find tenants.
Hello Experts!
I have an investment property located in a C neighborhood (43204). Historically, this area has high crime, but slowly getting better. New money are coming in to rehab these units. I was among the many...
Gustavo Gonzalez
Rent Deposit Return
Good afternoon all:
I have a property that has been recently vacated by a tenant who has been in the property for 9 years. I purchased the property 4 years ago with a tenant in it (section 8). At the time of the h...
Daniel Sam
First Time Investor Tips
Hi all,I am a first time real estate investor in the South Palm Beach County area, and am looking at a few properties online (mainly Zillow and Realtor.com) and trying to run some numbers. In the area where I am tryin...
Bridget Smith-Osbourne
Fire damage to property
Hey BP Members,My situation on hand is my SFR suffered fire damage due to an unattended stove. As per tenant the wrong burner was turned on and a pan of grease left on stove caught on fire. The result is I probably ha...
Sean Gammons
Buying a new owner occupied rental every year?
Is buying a new owner occupied 2-4 unit multifamily property every year using 3-5% down payments a good strategy to scale?