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A lot of the properties I’m searching on the MLS already have tenants in place with lease agreements. I plan to owner-occupy one of the units, so how would I handle this situation? Do I wait for their lease to expire?...
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Hello All.
Does anyone know if you can do a 1031 exchange and instead of taking the funds to put down on a new property, can you use it to pay down an existing property.
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Hi everyone,
What are some things to worry about in a sub 2 deal where one would take over the existing HELOC? What would trigger the due on sale clause and how could one protect themselves from that? Has anyone eve...
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We recently acquired a whole sale deal, that is a legal triplex. 1 floor has 2 units, with each unit having 2 doors and 2nd floor has 1 unit with 2 doors. The units are little too big and our developer says we should...
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Hello,Does anyone have any experience on how you set up your business structure, and/or if you had an existing LLC , multiple member , did you do anything extra for asset protection - besides starting a new one with a...
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Before I take this on myself... I'm working my way through listening to all of the BP podcasts. I never can remember what each guest's favorite real estate and business books are (other than rich dad, poor dad). I'm a...
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Hey guys, I a working with a community bank and a commercial mortgage broker on small (20ish unit) multifamily property. Both of these people say seller carry back with a bank or agency loan doesn't exist... what am I...
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Hey ladies and gents, I have a newbie question here:
When making an offer on an REO with an existing tenant that may have to be evicted or cash for keys buyout, how does that affect offer price? How is that tenant ...
I am trying to purchase a home for 30,000 plus 3000 interest. Arv is 90,000 and repair cost is 30k. It will be owner finance at 500.00 a month. However the seller has a heloc on the property and there was a electrical...
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Hello BP members. I am taking over a mortgage from a family member. She has already paid 12 years of the 30 year loan. I chose NOT to do an assumption because I don't want the mortgage to affect my credit and debt to ...