Hi BP! First time poster here. Just submitted an offer on a 6-unit property in Birmingham, AL. All units are 2 bed 1 bath. Current rents average $450/m with market rents at $800/m without any renovation. Offer price $...

Hello everyone,
Im curious if anyone has heard about this new product provided by the VA that is similar to a 230k loan. Its called a VA rehabilitation loan - currently I live in the DC area and see a lot of older ho...

I thought I'd pass this along to the members of BP...

MHI filed the following comment letter today regarding HUD’s proposed rule on the SAFE Act.

The deadline for comments is this Friday, March 5th. Please fell fr...

My wife and I have finally gotten within striking distance on our first rental property.The home is bank owned needs a new roof,some plumbing work and a new kitchen.Otherwise the house is in great condition.Our goal i...

It seems like the rate environment has finally crested for sure. Previously, I borrowed where my rate was the 5 year treasury plus 2 points. When the 5 year treasury fell too far, the bank doing this told me they were...

I've owned a couple of rental properties before. I've been thinking about buying another, but a friend suggested I look into notes instead. I'm most interested in buying performing 1sts for cash flow, and I will be bu...

Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "...

Hello I have listed the property by flat fee service broker. I have got two offers and they are almost the same but I would like to be fair and ask both agents to submit the best and final offers.My  flat fee agent is...

Thanks to all who take the time to answer. Here is our situation: we own a primary residence on which we own a mortgage and we've recently made a cash purchase of a lot from a foreclosure in a highly desirable area. W...