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7A SBA Loans for Office/Rental Maine
I'm trying to find some information on utilizing the SBA 7A loans for a property that I would use as an office and rent out the remaining rooms as residential rooms. Does anyone have any experience with this?
Scott S.
SEC Charges "Cash Flow King" Podcast Host Matthew Motil with $11 Million Ponzi Scheme
Press Release
SEC Charges Cash Flow King Podcast Host with Perpetrating $11 Million Ponzi Scheme
FOR IMMEDIATE RELEASE2023-196
Washington D.C., Sept. 25, 2023 —
The Securities and Exchange Commission today charg...
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[Calc Review] Help me analyze this deal
This is my first small apartment building that I'm working on for buy and hold. I would love to get your feedback and comments in event that I'm missing something.It's a 7 unit building and each unit is 2/1. There are...
Joe Splitrock
Apartment vacancy rates up in my market - what are you seeing?
I just read an article that vacancy rates for apartments have doubled over last year to almost 9% in my city, Sioux Falls, SD. We had $72M worth of new apartments built in 2015 in a city under 200,000 people! I am not...
Dan Kelley
Lead Abatement in a 6-unit Rehab
Hey folks, my first post here!I'm looking into a 6-plex that needs a decent amount of rehab. I've never dealt with lead paint so I'm not even sure if what I'm dealing with is lead paint. The walls in the building are ...
Ethan McRae
Conventional loan APR: Credit union vs traditional bank
I'm a first-time home buyer interested in house hacking. I'm interested in getting a conventional loan and considering using a credit union.
With rates as they currently are, I'm looking for every angle to get the l...
Kim Puckett
Taxes in SC are killing us - investing in GA or NC?
We currently have 2 properties in SC and the non-resident taxes are definitely cutting into our ROI. Was thinking today, since we are out of state anyway, maybe we should be looking in NC or GA. I have searched both s...
Joel Polanco
Tenant Can't Pay Rent Until November 18
I received the message below from my tenant. She has been with me for about 6 months and has always paid rent on time. She has been great with communication and keeps her apartment clean for the most part (I had one i...
Scot C.
1099 Misc Box 3
I use a property manager for an out of state rental property. Last year we kept most of a security deposit for repairs after the tenant moved out. We also received some payments from the new tenants for utilities pa...
Boyd Hunter
20% down Foreign National Loan ?
Hey BP members
I'm looking to finance a property in CA looking for a foreign national loan but hoping to put down 20% deposit if possible. From what I see most lenders like 30% down...
Thank you