I often buy using Subject To to buy properties. If you choose to use this technique these are some of the Pitfalls to watch out for.
Subject To Pitfalls
1. The bank can call the loan due (due on sale cause).
2. You...
Hi all - What does the “ramping process” look like for a loan officer in WA? In other words, once you have your license what might the next year look like as you begin your journey?
Hello Everyone!Been on BP for around 1 &1/2 Years now and basically used it for the tools (which are awesome), to help with acquiring RE and considering deals. I have one project under my belt with a small Multifa...
Like most of you, I do most of my advertising for my rentals through craigslist. Nothing irritates me more than setting up an appointment, driving over to the rental property to meet a prospective tenant and no one sh...
I'm looking to purchase 5 new units in a short period of time. My question is: Is it better to take 5 individual mortgages, one for each property or a blanket loan?Background: These would be short term vacation rent...
I have a really nice 2BR/1BA apartment in one side of a duplex that seems to be attracting a disproportionate qty of calls from prospects who are roommates/friends or a BF/GF and another friend. In almost all these ca...
I have a fourplex in Michigan that has a common room that is set up to serve as a laundry for the 16 total adjacent units. Very small rural town.
I had never looked up the numbers for laundry. I was set on transform...
I plan to buy some properties with a friend of mine. Is it fine to have the mortgage in his name and have both people on the title? What is the right process for doing so?
About a year ago, my brother and I inherited a 5 self-storage facility, 3500 unit real estate portfolio from our father. For the past year, we have managed the transition well enough to achieve 8% rental rate growth. ...
Hello members.
I am trying to understand all the variables a prospective buyer might ask/require of me in order to sell my business. I have included the ones I can think of below.
Your time/input/...