So, my wife and I purchased our house in 2009 with an FHA loan. We got into a little financial trouble and did a loan mod under the Making Homes Affordable act (end of 2011). In essence received a partial claim from H...
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I currently have a property held in LLC that was intended to be a flip however it's taken longer than expected to sell. I have a self-employed buyer interested in it and she has great credit, however the bank loan li...
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Hey guys,Sort of a wonky situation mechanic question.Say you have a 4plex that appraises at 50k and is pretty rough. Full rehab ARV would be 100k. If you rehabbed only two units would the value be about 75k? Becaus...
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Hey everyone, I don’t currently solely own any property on my own. I’ve put money into multiple large multi family deals with friends and acquaintances. I’m looking for an app that can help me keep track of everything...
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Hi,I purchased a property with a partner. The deed was in both of our names. I transferred the title from myself to an LLC (via a warranty deed) because we want to own the property under an LLC for liability purposes....
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I recently included a tidbit about the "10 for 12" in my weekly seller financing newsletter. It generated good responses and questions, which made me think to share the topic here:
Start with the assumption someone h...
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I have a consistent situation and would like I some best advices. My tenant pays late (7 days -10 days late) but also pays the late fees. The issue is in few instances, the tenant rent plus late fees but keeps a smal...
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hi and thank you for your help!we typically have our tenants pay rent electronically so we can avoid the "i mailed the check so the post office must have lost it" excuse. but we are experiencing a situation never enc...
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I have a tenant who paid only part of the rent in June, no word yet as to when I see the other half. Can I still charge 5% of the full rent for late fee or do I have to adjust fee to the portion that will be paid afte...
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Hello, bp community,Wanted to ask a few questions about hard money loans and the skin in the game part.I understand that hard money lenders require that you have skin in the game, what I would like to know is how much...