Zehua Zhou
Does standard non-recourse Freddie Mac Commercial loan work for IRA accounts?
I understand that IRA loans need to be non-recourse. I talked to a commerical RE lender who does the Freddie Mac Commercial loans and his sample loan doc has the following language:Non-recourse to Borrower and Guarant...
Rocky Lalvani
What’s fair for repairs on move out?
I have read some different responses on what to charge for when tenants leave.I have 2 tenants leaving this month. For the one they were there a year and had some minor paint damage / holes. Cost of repair is $150. I...
Will Barnard
If you build it, they will come!
Success stories for this week:
#1 Found a duplex lot for a good price late last year. Got permits, developed the lot and built the duplex. Just had buyer go under contract to purchase. Will close by end of March and ...
Martin Z.
when to use license when buying
When buying property for yourself do you use your license for the commission? or let the listing agent represent you and the seller in the deal? It seems like on competitive bidding wars on certain properties, the 2nd...
Leona N.
Utility inclusion mistake
Hi, hoping someone can help me out or has some ideas. We have a main level and full basement commercial building. We have rented out the upper floor and the move in is set for next week. We had several different plan...
Jawad Ashur
Triplex (4 units) Cash Flow Analysis
Hello fellow BP'ers
I ran some numbers on a property of interest in small city in Southern Ontario with 4 separate units listed at 500K. Per the posting, the building has been updated this year including all the big...
Cody Taylor
Is buying a six unit building a good first investment?
Hello everyone, I am just starting out and have my financing in order to buy my first rental property. With that being said, I believe I have found a good deal on a six unit building that currently has tenants in all ...
Trent Woods
trashouts and cleanups
So those of you that do REOs and forclosure investing...how do you handle trashouts and clean up? Do you hire a contractor? Do it yourself? How much do you pay? Thanks.
Julius F.
Feedback on a property I analyzied
Thinking of living in the house first (house hack) with roommates and then fully rent out the 3 bedrooms later.House: 3 bed/2 bath Asking price: $337kOffer price: $292-310kARV: $330kRent: $2600 (2 bedrooms: $800 x2; b...
Matthew Dekker
How to finance the first rental property
Hey everyone, my business partner and I are trying to get our foot in the door with our first rental property. The single-family home we are looking at purchasing is currently owned by my business partner's father. He...