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Hey BP community, I'm looking to buy a condo in east bay area and will finance it through a conventional loan. I found a property that is not a fixer up but condition is not great. e.g. range is missing, the wall is d...
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My son recently went to contract after a home inspection. Yesterday he went to inspect the repairs and they were not completed or were done by an unlicensed professional. Apparently the home is now vacant with the exc...
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Hello BP,You guys had plenty of info for me when a furnace went that I thought I would now ask you an Air Conditioning question:1. Based on the info provided, does it seem to be solid advice to replace the entire unit...
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Hi all,What is the best way (if any) to handle updates to a tenant's property condition documents after they have already moved in?One of my rental properties was built in the early 70s. Many of the windows were mis...
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I have concerns that the market may be peaking and reaching a point where values will begin to decline. What sort of strategies might be of good use in a declining market? I have thought I could buy and hold until val...
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Hello!
I'm in process of rehabbing the top floor of a duplex (this unit is 4 BR / 2 BA about 1500 SF) with plan to refinance and keep as a long term buy/hold rental. We acquired tenants downstairs - they're on a M2M ...
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Newbie Looking for advice. The red flags (condition of the property) one should be looking out for on their first walk-through with realtor?
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Has anyone else experienced banks placing conditions on fund draws approved for cash out refi on a portfolio loan?Specifically, we have a bank requesting that we show executed purchase contract before being allowed to...
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Does anyone have a recommendation for a commercial property inspector for a property located on the NW side of Chicago? Single story, approximately 13,000 sq ft.
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Our loan is 'conditionally' approved. So is it safe to remove the loan contingency in our escrow? Or not?! I know after contingency is removed our earnest money is toast.
Thanks