It is now public that Mack has filed Chapter 11.  Through these forums (via David Ho), I was introduced to a attorney representing creditors.  Connect with me and I will pass along what I know.  

What do banks/lenders consider when someone wants to purchase a multi-unit rental? Is it based on tenant occupancy or additional factors?

I’m working on a mortgage for a primary home and these stipulations seems very strange…am I being paranoid? I sold a vehicle and paid off a credit card (2500 dollars)  to improve my savings and borrowing rate, now the...

"8 Plex. Each Unit Is 1 Bd, 1ba That Rents For $650 A Month. Wood Floors Throughout. Utilities Are Separately Metered. Owner Furnishes A Washer And Dryer For The Use Of All The Tenants. Gated Parking Lot With 8 Sp...

I know this check says $176k but I held $25k in escrow, paid $10,800 to the buyers agent, and had a $8k in a holdback that was released after I fixed a furnace at the property.This was a duplex that I bought in 2017 f...

Hey BP pros! We have a very nice couple that would like to rent our home. When we met them, I got a great vibe from them and would really like to rent to them. They have contacted us to say they are really excited a...

Hi BPs!I need your feedback on this.  So I've applied for a mortgage loan.  The investment property is in Illinois, a 3/2 house.  It appears that I've passed all the requirements from the underwriter except for one th...

I getting feedback that lenders are not doing equity lines of credit on investment properties?  Is this consistent with what you all are aware of? I'm getting mixed messages...

I'm brainstorming different ways to raise capital for my first RE deal and I have questions about private money.If a private investor, let's say a person at a local REI meetup, agrees to invest in my business how does...

Hello all - have a potential renter, foreigner, not a US  citizen.  Says he has a TIN number, not a SSN.  Can I successfully run a background check on a TIN number in place of a SSN?Thanks.