Ryan Corcoran
Commercial Lender MA
Hi BP,
A partner and I have locked in a 10 unit property. We have tried several banks so far and are unable to find an underwriter willing to give a 30 year commercial loan at this time due to COVID and the PPP lo...
Brandon Shelling
What comes first? Financing or make an offer.
I'm new to real estate investing. I would like to know what comes first once I find potential properties after running my numbers? Should I find potential lenders before I attempt to make an offer or make the offer th...
Paul Allen
$271,779 in Passive Losses Disallowed by Tax Court
As has been pointed out often on this forum - you must meet strict criteria to claim to be a real estate professional. Claiming that status when you do not meet the criteria can cost you a lot of money...M & M v. ...
Wei Cho
First Deal: Countless mistakes = lessons learns
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Los Angeles.
Purchase price: $475,000
Cash invested: $350,000
This is probably every RE investor's worst nightmare, we mad...
Cere Davis
Seattle tenant screening process
Hi everyone, I am new to these forums but am curious if anyone has tried to navigate Seattle's landlord tenant laws? They appear to me to be somewhat unnavigable. Of particular note is the "First-In-Time" laws. Be...
Syed Zaidi
Wholesaling Houses in Canada
I am an American, thinking about moving toCanada for a few months at first , to see how it suits me. (We are allowed to stay for 6 months at a time in Canada). I am a beginner a Wholesaling here in the US, I've done...
Danny Duran
Screening a tenant undergoing a short sale
BP'ers--a prospective tenant who is undergoing a short sale on their home wishes to apply to rent one of my units. As their credit has been damaged by the short sale, they have offered what they claim is a qualified c...
Jackie Hook
LLC for Mobile Home Park Ownership?
So we are purchasing our first small park soon. What is the best way to own an Mobile Home Park? We were looking at an LLC. Is one LLC layer enough? Should we have that LLC owned by something else? Also are there...
Pamela Holmes
Purchase Property through Tax lien
My deal:"The owner of a 4/1 home is 2 years behind on his property tax and can't afford to pay it. I offered to write up a contract where I will pay the taxes owed and set up a payment plan with the owner. If he is in...
Kevin McDonald
Tenant is out of state and we need to get lease signed. Help.
I have a tenant who is relocating to my area who is interested in renting my house. I have met them and ran credit and background checks and all is good. Trying to determine what options are available/legal for the...