Peter Mason
Proof of funds aka pre-approval letter for MF/Apartment Building
When making an offer on a MF/Apartment Building, are you required to show a any kind of proof of funds or pre-approval lettter from a bank?
Seth Kingston
Payment Systems for Laundry-Help! :)
We are updating the laundry room in our 60 unit complex and plan to buy new commercial washers and dryers. The laundry room is a separate, key card access-secure building at the center of 6 garden-style apartment buil...
Everett Yano
Homeowner's Insurance for SFR Househack renting 3 rooms
Hello BP,I bought a SFR 4 Bed 4 Bath in California that I plan to owner-occupy while renting out the 3 remaining rooms. I am currently looking for a Homeowner's Insurance policy. A common exclusion to coverage is rent...
Thomas McTier
1st Multifamily Commercial Purchase
On Friday my business partner and I closed on our 1st commercial multifamily property which was a 9 unit apartment building. Hightlights of the deal are below. I am grateful and blessed for all the people which helpe...
Andre Mccollough
How should I do this finders fee for a San Diego apt complex?
Hi I am new to this forum. Here is situation:I am a residential broker who got wind from a friend of a unlisted owner selling a pair of apt buildings in downtown SD little Italy area. I couldn't handle this type o...
Richard Huynh
Differences in Mortgage Brokers or Mortgage Specalist
Hello Everyone on BP,I'm from Edmonton, Alberta, Canada and have a question in regards to Mortgage Brokers.In terms of investing is there a difference or specialized fields for mortgage brokers / mortgage specialist? ...
Dustin Murray
Wholesaling commercial property
I have access to a commercial space. Are commercial sites good for wholesaling, and if so how would one go about starting the process, and closing the deal?Dustin
Monica Davies
Okay you creative financers...
I just discovered the fine print on owning my property in an LLC... you can't do a cash out re-fi through FHA. At least in my state. I have about 20% equity - about $110,000 in my 4 Plex, which I have in an FHA loan.
...
Amit Patel
Having trouble finding insurance on detached unit
Hello,
I am closing on my first property soon! It's a SFH 3/1 with a detached mother in-law suite 1/1. The units are currently rented separately and with a rent increase on the back unit, it is a great deal. However...
Justin Goodin
Reason #2 Real Estate Syndications May Be Right For You
#2 You’re Okay Having Someone Else Take the Reins
If you’re short on time, but heavy on cash, and want someone else (a professional team) to manage the property while you reap the rewards, you’ve found the right inve...