John Gonzalez
Cash Only Property Short Sale---BC property is noncomforming??
Hi Guys, So I've been keeping up my property hunting and I came across a great property for $295k. This property is awesome and sold for $500k in 2010. Only problem is, it is a cash only unapproved short sale property...
Jason Malabute
cerebral palsy and real estate investing in LA
I need some advise please:So I have $200k to put down. I am pre approved for a $580k duplex, $640k triplex, or a $700k fourplex. My mom is a co-borrower (I would not get approved without her). The condition of the loa...
Jovanny Roque
Purchase Contract Language to elect Cash or HML
Hello all,We have been purchasing REO properties using our own funds as fix and flips for the past year. Now, as we have expanded our business to buy multiple properties at one time, we are utilizing hard money lender...
Karl Kauper
CMHA “Payment Standard”
What does the CMHA “payment standard” mean? It’s significantly higher than my highest current rent (2-bd/1-bth, Euclid, OH). Does it mean that I could expect higher rents through CMHA tenants? In short, I’ve never re...
Eric Jones
Conditional Approval for Married Couple
We have a husband and wife that have applied for one of our properties (both of them applied individually, as instructed). The wife meets the minimum requirements, but the husband does not meet the credit score requir...
Derrick Washington
Multi family purchase(I guess)
Hello BP im looking for guidance on the purchase of a multi family unit in Chicago. Pictures look great however the owner/management seems to think that we should write a offer based on pictures. They didnt say we c...
Jason Drayer
Buying a home that gave a tenant an option to buy
We are currently working a deal to purchase a home. It has current tenants, which we are not concerned with, but it also provided them an option to buy until 12/31/2020.
This additional clause was added to the lease...
Abena Cannady
Looking for Feedback/Advice Before Making an Offer
Hey BP! I'm looking to put in an offer on my first multi-family property in MD soon. I've run the numbers using the BP calculator but I'm not confident in my analysis so would appreciate some advice from you guys. Wha...
Mo Khidir
Open House Questions?
Hi Everyone, New investor going to my first open house today for a duplex. Any specific questions I should ask? General advice on what to look for and ask is greatly appreciated.Thank you!-Mo
Ryan Smith
Unpermitted Addition
Making an offer on a property with an unpermitted addition. The addition is separate from the house and is similar to a pool house in the back yard. Built very solid. I am going to be noting the square footage additio...