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...
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...
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...
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...
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...
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 ...
Newbie Looking for advice. The red flags (condition of the property) one should be looking out for on their first walk-through with realtor?
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...
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.
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