Rob A.
Historic Multifamily landlord insurance recomendations
Anyone have recommendations for insurance company/agent for an 18th century victorian 3 family rental house ? I used to live there and getting it insured was much easier as owner/occupied. Since moving out and renting...
Robin Evans
Tough situation of veteran tenant being late on rent
Dear BP freinds we are now facing a tough situation of collecting rent. One tenant has been paying rent via auto pay on a platform we have agreed on. Somehow this month's rent first got deposited into our account and...
Moncy Samuel
Late rent request from tenant
One of my tenants wife called me and said they have some difficulties arranging full rent. Rent is $1500 however they could arrange only $700 due to some problems with bank freeze. (Two months back the check bounced a...
Mckinley Baggett
Cash out refinance options
I am currently rehabbing an REO property that I paid cash for. Once it is finished, I am going to keep it as a rental property. Obviously I want to get my money back out of the property so that I can invest it in more...
Kent Ford
Texas Real Estate Markets: Booming or Overheated?
With Texas leading the nation in population growth, many are calling it the hottest market for real estate investors. But with prices rising in cities like Austin, Dallas, and Houston, do you think the market is still...
Daryl L.
Covenants Running with the Land
Has anybody run into a property with a Covenant on it? How does one go about researching what this entails? I found a property that seems like a good deal but this is not something I want to get burned on because I di...
Dan Madden
Covenant Deed from Fannie Mae?
I just received the title work for a cottage I'm purchasing owned by Fannie Mae. The cottage is located in Northern Michigan. The Schedule B-1 requirements include this clause:7. Covenant Deed from recited owner to...
Michinori Kaneko
Buying property with a Lien on it
Hi, I am in contract to close on an apartment building, but while closing we found that there was a lien on the property. Basically it's a lien stating that the service company (lets just call them company A) gets exc...
Zehua Zhou
Does standard non-recourse Freddie Mac Commercial loan work for IRA accounts?
I understand that IRA loans need to be non-recourse. I talked to a commerical RE lender who does the Freddie Mac Commercial loans and his sample loan doc has the following language:Non-recourse to Borrower and Guarant...
Farida Mostajabi
Underwritting denied my loan
I was going to close 3 deals in two weeks to rent out. I was pre-approved for all 3, but underwriting denied me today. They did not provide much detail except that the depth to income ratio is the cause. I definitely ...