Hey BP Community, I'm currently looking into the world of Airbnb Arbitrage in New England and have a few questions. If anyone has experience or insights, I'd greatly appreciate your input!Airbnb Arbitrage in New Engla...
I’m on the process of purchasing a legal 2-flat in Chicago, with an unfinished basement. I plan to combine the first and second floor units into one unit for myself, and build out the basement as a rental unit (7.5 c...
This clause was in a memo sent to me from Litton.
1.) Arm’s Length Clause - “Seller and buyer each represent that the sale is an “arm’s length†transaction and the seller and buyer are unrelated to each ot...
Anyone know which condos allow airbnb in metro atlanta? I know many have restrictions but trying to weigh my options between going through an apartment complex or just focusing on landlord..thanks in advance.
Hello folks,I am closing on a Fanny Mae property this week and I understand that they normally come with a deed restriction to prevent selling it for more than 120% of the purchase price in less than 90 days.I just re...
I know that in wholesaling the simplest route is to assign the purchase contract. In addition, my closing attorney said that he can complete a double closing in which the end buyer funds both transactions. If this i...
I've flipped some houses in the past, but have never used any creative financing. I have a chance to buy on a lease option, do minor repairs, and sell easily for about 10k profit.
How does this work when I sell the p...
Hi all, I am looking for some information regarding owner-occupied loans.
Situation:
I purchase a property in state A with low-money down owner-occupied conventional.
I decide to move to a new state, state B (be...
I bought a shor-sale house and the agreement is that not to sell it for more than 120% value from day 30 to day 90. I plan to complete the renovation within 60 day, and sell it after 90 days with more than 120% value ...
Hi BP'ersHas anyone ever come across restrictions on short term rentals on a deed? I was getting ready to sign a contract (in Sullivan County, upstate NY) when my lawyer informed me that it had this restriction. This ...