Hi -- I'm looking for some advice on what verbage to use in my house lease agreement for landscape maintenance. The house I plan to rent is in a nice neighborhood - so it matters that the lawn is kept mowed, the spri...
I met with a local credit union today and they would do a loan 90% of purchase price and rehab costs or 75% of ARV, whichever is lower. I would need skin in of 10%. Interest rate 5.5%-6%. In addition to any purchase, ...
I went from sending a "hope you are doing well during this time" email to my lender to refinancing! Was able to reduce my rate a full point from 4.125 to 3.125, reduce my payment over $200 a month and save over 70k i...
I think we all know benefits of interest only financing as being lower payments higher cash flow. A seller has offered interest only financing for 5 years on a multifamily property. Here’s a concern I have. With unsur...
I'm looking at a property that is zoned RSA-5 and is set up as a duplex (with separate gas and water meters). It does not currently have anything on file with L&I for a certificate of continuing use as a duplex. T...
Hi,We have an adjacent parcel of unused land next to our duplex. We're planning to add an accessory dwelling unit (ADU) to the existing duplex by merging the two parcels together. Current zoning would not permit this...
Hello BP friends, my partner and I found an interesting property and while we look at the income statement. The first thing we notice is the water/sewer expenses is huge! it's a 30 unit and they spent $22K each year o...
Hello everyone, I am under contract for a HUD property and the appraisal came back as C-5 (not financeable). Since this is a HUD property they won't do any repairs. Does anyone have any advice for me please.. getting ...
HelloI have a row house in Baltimore that I am rehabbing. My intention is to rent it for section 8. While putting the new ceilings (dry wall) I have noticed that there is no insulation present between the roof and whe...
I have been trying to invest in multi-family for a while now. I have run analysis on various properties for the last 3-4 months. Every time I found something interesting in a class-A or class-B type areas, it is eithe...