I just closed on my second investment property (a duplex) and should have it fixed up and rented hopefully over the next couple of weeks. My first property is a triplex and it cash flows nicely about $200 per unit....

Good morning BP!I was approached by someone who is moving to another state and would like to sell their house. Unfortunately, they owe about as much as the property is worth ($270K). After closing costs and commission...

I have a person that wants to walk away from their property and allow me to keep the loan in place for five years until I have refi. What steps do I need to take? How to write the contract? Do I get my name added to t...

An associate of mine has a deal on the table and I would like to get your opinion. It is an acquisition of a 400+ unit complex. The mortgage is a Fannie Mae assumable mortgage. There is a pre-payment penalty on the mo...

The fact is that not all LLCs are the same. Some are just better for asset protection then others. The best LLC structure is the Series LLC.  Like any good parent, we want to protect our children. This is accomplishe...

Hello all! I have a potential deal and the numbers seem to work out ok, its not a screaming home run deal, but its a great buy and hold deal for the cash flow. So my question is this: the owner has an assumable FHA lo...

When owner of a property Quit Claims a property to you so the title is in your name and you assume the mortgage payments, how can you minimize or avoid the possibility of the bank calling the note to be due immediately?

Ok BP mortgage people, I have a buyer for my 2 family, the mortgage is assumable at 5% with a balance of $114k with 18 yrs left on it. I am asking $289k...my question is, how does the buyer make up the balance ? Is th...

Investment Info:

Large multi-family (5+ units) other investment in Lake Mary.

Syndication: Co-GP on a 262-unit class C apartment property in Houston Texas. Assumed fixed rate debt at 3.31%.

What m...