David B.
Design and Construction Progress-Based Payment Schedule
Any feedback on this progressed-based payment schedule for a $450K remodel project?Should there be more specific milestones like flooring, appliances etc? Possibly withhold a little more for job completion? Maybe 15%....
Micah Casey
Cross Collateral Loan
Has anyone done a cross collateral loan before? There is land that I am trying to purchase and build a house on. From what I'm hearing from a couple lenders is that I will need 25% down for the land purchase which of ...
Robin Simon
What Are Current DSCR Loan Rates? Key Market Movers and How to Track Rates
Ever wondered how to track the market for mortgage rates, especially when it comes to Non-QM and DSCR Loans? Check out my latest article published here on BP!Thoughts/comments/feedback? Did I forget anything? let me...
Dan Krupa
GC threatening mechanic's liens but he signed a release of lien
Hey BP. I had a subpar GC. Late on work, not paying his guys, etc... I fired him and paid his guys myself. I have kept detailed notes, payment receipts for all draws, photographs, the scope of work, our contract, and...
Michaela Hayes
Need advice on current rehab project with hard money lender.
I have a situation with my current hard money lender that is slowing my progress on my projects causing me to pay more interest only payments than expected. One of the biggest issues I have with the lender is that the...
Jason Chen
Is this a scam?
I recently made a full offer on a short sale. After the contract was submitted, my agent told me that he was informed by the listing agent that the owner recently sold an "option to buy" on this property to another in...
Mac Bradley
Texas foreclosure with IRS lien
I bought a HSE at foreclosure with an IRS lien on it. The IRS says they have 120 days to redeem the property. Does anyone have experience with whether they are currently redeeming properties in Texas. I have submitted...
Account Closed
Earnest Money Deposit
Hi everyone. Happy new years to all.I have a concern about earnest money. I initially intended on double closing on a property however my B-C buyer backed out of the deal. I disclosed that earnest money was nonrefunda...
Robert Littke
Types of Ownership
I have a client who owns a 10,000 sq. ft. Flex building that he developed two years ago. He occupies about 3,000 sq. ft. and has been unsuccessfully trying to rent out the other portions for over a year.
Part of the ...
Alma Gomez
Legal earnest money problem
Deal fell thru to no fault of my own, seller is salty and is not signing release of EM. Don’t know what to do. Any suggestions?