Monique Correia
203k Streamline - Loan Permit Certification Issues
i received a 'Rehabilitation Loan Permit Certification' document required from our Lender to close our 203k streamline loan. We're only doing cosmetic work, but that includes replacing the windows which requires a pe...
James R.
Beneficial Ownership Information Report for U.S. Government
I originally set up my RE LLC through ZenBusiness. ZenBusiness adds reporting requirements every year. I received the following email below from them. The rule went into effect January 1, 2024.
Have any of your al...
Desmond Fielding
Transferring Property to an LLC - Fannie Mae Approved Method
I have seen a lot of posts on BP Forum regarding transferring a rental property from your personal name to an LLC and have searched the forums in the past trying to gather information. I haven't run across a post with...
Andrew Sprague
FHA 203(k) Renovation Loan Specifics
I’ve been looking into using the FHA renovation loan. As I understand it allows general rehab up to $35,000 that can be financed into the mortgage. Does anybody have any experience with this loan and can help me under...
Kevin Pinkard
Total Rehab or Not??
Hello all,
I have been brought a trailer in New Orleans that sits on a double lot that I can get for 65K but the home needs a total remodel. I have a contractor that says he can get everything done for 70K in 3 week...
Lalaine Hagler
How to reject an applicant politely
I have 2 very qualified applicants but unfortunately I only have to pick one. How do I politely reject the other one. And is there any law I have to follow regarding doing so? I live in California. Thanks in advance
Mike Ojo
Hard Money Lender With 20% down
Is there a hard money lender that will loan $500k - $1M on a commercial property with 20% down?If you are one please give me some details about your loan offers and requirements. Thanks.
Ahmed Elias
how do I legalize Basement and Attic?
Hi BP
I am very new to real estate and I was hoping someone could help me analyze the deal to make a decision on whether or not I should be moving forward with this deal. I came across a property in Elizabeth NJ.
...
Chad R.
Pay down mortgage by selling Property #2 without capital gains?
Hello All,My wife had her own house when we met, we live in the house I owned. She has been renting her place out since 2014.If we sell her place can we use her equity to pay down the mortgage on the house we live in ...
Anthony Duann
Market research for inclusion into REI business plan
Dear Fellow BPers,When creating a business plan for LLC's under the market research, how did you approach this section as regards to the tenants/ target customers criteria. (for example, age group(s), occupations, ren...