Michael N.
Can't Qualify for Owner Occupied
Hi all,
I've been house hacking a duplex for over a year (fulfilled one year occupancy) and was in the process of qualifying to house hack another multi-unit, but the 2 lenders I've talked to won't qualify me becaus...
Daniel Saunders
Hardmoney Lending Questions that I couldn't find on older posts
Hi All,I am trying to get into hard money lending. I unfortunately don't have the money to do it on my own but thankfully I have a partner that is ready to jump in. My main question is I know in order to be really suc...
Michelle R.
Shopping/strip center tenant non-permitted use question
We bought a shopping center two months ago. It's our first shopping center, after previously owning 4 warehouse/flex industrial uses. The center is very well maintained with tremendous upside- the previous owner was a...
Timmy Fritz
Advice for Owner Financing Triplex w/ Equity
Found a triplex in Louisville, KY that I like and the owner is open to financing the deal. He owes 50k on the property, and it is worth between 110-115k. The property is fully occupied & rents for 1700. He is look...
Will Chamberlin
FHA Streamline Timeline & Shadyness
I am working with my current servicing company (PHH) to do a FHA Streamline refi and wondering if anyone else has experience with them and how long it took. Back on July 1 they said it would be 45 days and an easy pro...
Matthew W.
Value add question: A office addition or a new kitchen/floors
Resale in mind 5-6 years out realistically.
We have a limited budget on our primary new "fixer upper" home. The house needs work in many areas from the top down. But I will focus on the main "want to dos":
1) I...
Jensen Bouzi
Atlanta General Contractor
Hello BP!I got my first flip in Atlanta under contract and am now in the due diligence phase aiming to get some bids for the project. It is a 3/1 1025 sq/ft in SE Atlanta that needs a lot of work. Does anyone have a g...
Frank Gallegos
Seller Financing out of a Hard Money Loan
Long story short- I bought a condo with the intention to wholetail. Here are those numbers:120k PP (Hard money loan)3k Rehab170k ARV25k Projected Profit Now here's where the deal got hairy... I put this on the market ...
Tristan Burch
Duplex financing when I already own half
I think I have somewhat of a unique situation that I'm trying to figure out how to work out... I currently own (as my primary residence) 1/2 of a duplex. The owner of the other half has just agreed to sell me their ha...
Harry Asnien
How to Sell Auto Repair Shop
Help fellow BPers!Here is my situation: my father is trying to retire and owns an auto repair shop in Madison, Wisconsin free and clear. It is about an acre in a high traffic area and would be a great place for condos...