Austin Gainey
Building vs buying rental properties
Me and a close friend are partnering up and wanting to start our rental portfolio . We are considering two different strategies 1: buying a lot and building a new house that would be a long term rental Or2: buying a...
David Tower
Marketing house with unpermitted bed/bath
Hi folks,
I'm about to sell my home that I bought in 2009. It was originally a 3/1.5 raised ranch. In the finished lower level (all above ground) I added a bedroom and turned what was a crappy half bath in to a luxu...
Saman Pari
Refinance loan in foreclosure?
hi,i'm new here. Is anyone able to refinance a loan that is current but in refinance status? how would that work? Any help is appreciated. This is in Texas.Thanks,S.
Davinder Hans
Multi family Fire resistance separation
I’m looking to purchase my first multi family property. It’s a 2 story 6 unit building. There is currently an inspection order on the building that states the drop ceiling tiles should be replaced so that there is a f...
Sami Gren
rental leases renewals
i am a landlord in NJ. I know a lot of landlords when the renew the lease they send a whole new lease and sign it, and so did i do up until now.MY QUESTION: is it necessary at all? or can i just sign some kind of ren...
Tommy Sanford
Take over parent's mortgage but not their home?
My parents and I both purchased a vacation home together in 2018 (purchase price $800k). The market continued to grow rapidly through 2022 and I decided to buy them out 5/2022 in the amount of $800k for their existing...
Logan Clark
BRRRR - What if rehab takes longer than hard-money loan due date
If I take out a hard money loan to finance a property that I plan to BRRRR, what happens if, worst case scenario, the rehab is drug out (due to horrible contractors) long enough to where it will not be finished before...
Cameron Foster
Buying homes with additions built on
My partner and I have found a potential triplex with good bones and great potential but we have one concern about the addition that was constructed. The previous owners added to the second story but did not demo the o...
Calvin Lipscomb Jr
General Best Practices
Hi! I am looking for some general best practices when it comes to rehabbing/renovating a building. I am looking at purchasing a 12 unit multi-family apartment building and just trying to get some general guidelines. ...
Armand P.
Creative Financing option on a Flip
Hello BP!
My partner and I just completed our first house flip in Vegas NV. We went through a Hard-Money lender for both the loan and rehab cost. Unfortunately, this project took much longer than anticipated. The pro...