Jordan Gilberti
Single Family Rental near Rutgers University- Good deal or not?
Hello all,I cam across a SFR near Rutgers University right near the Cook/Douglas campus. It has no trouble renting and has never been vacant. I viewed the house and it is in pretty good condition and recently had the ...
Katie Camargo
Transferred contract to LLC, wondering why we still have to sign with our names
My husband and I put in an offer on a house under our personal names with "or assigns" as part of the contract. As soon as the offer was accepted, we set up an LLC and transferred the contract over to the LLC, of whic...
Jims B.
How to Jump in the Land and New Construction Realm
Hello everyone!Just curious to see how people in this community started when venturing into the land and new construction aspect of investing. Can anyone provide some guidance on how to get started with investing in l...
Gene Jung
Mortgage recasting ...when to do
Hi,Assume there is no cost for mortgage requesting for my lender. Assume my marginal income tax bracket is very high, and mortgage rate is 5.25%. If I have lump-sum free cash, should I just apply it to my mortgage to ...
Dalton Dillon
Appraisal came in low
I'm closing on a flip here in Houston, Tx next week. I ran a CMA on the property and got an average sells price of $290k. $280k is what I ran my numbers off of to be safe. The appraiser went to appraise the property t...
J.M. M.
Home Equity Line of Credit (HELOC) issues...
Okay first the good news. PenFed is really amazing when it comes to HELOCs for a Rental Property. 80% LTV. Very fast response. I applied Friday and heard Monday I was approved, "when do you want the appraisal?". Appra...
Arsh M.
Can I assign a purchase contract that isn't a cash offer?
For example, what If I work with a seller and want to purchase the $10,000,000 property with a commercial loan, and then assign that contract to a end buyer who also wants to purchase with a commercial loan. That's a ...
Mary Jay
Schizophrenia vs a puppy
Hi guys,I need your advice:I have a small rental and having a hard time to decide who to pick:1) First tenant has schizophrenia but his sister always pays on time (the reason I know it is because he is renting a basem...
Dan Swanson
Sketchy lease issue I just ran into
Summary...
I have tenants (good credit and have been easy to work with) that have been living in one of my properties for 2 years as of June. Prior to the recent lease end, I contacted the tenant to work on ...
Kevin Lefeuvre
Landlocked lots: How does it work?
Hi BP knowledgeable people :-)Does anyone here has experience with landlocked lots?I come across these very cheap lands from time to time and always wondered:1) How the hell where these subdivided without access (even...