Mike Neubauer
Review of Lima One DO NOT USE THEM
This is my experience with Lima One. I highly, highly recommend you find any company except Lima One.
Just a forewarning to save yourself a million headaches. DO NOT use Lima One for any financing. There are a milli...
Marco Y.
Feels like a scam...
Hello Everyone,I just recently closed on a two family house in North Jersey that I bought from Fannie Mae. I sent in all the permits last week for the complete gut rehab I will be doing in this house. Today I received...
Matt Tallent
Debt to income issue
Hello all,This real estate issue of the week:My current status -I own one rental that cash flows 450/month. -My primary residence I own and split the payment with my spouse.-looking to buy another rental for 15% down....
Tim Callahan
In Maine, can I use a tenant's security deposit to cover legal fees for an eviction?
I have a tenant in Maine who refused to leave after her lease expired, and multiple notices were given saying she needed to leave after it expired. I hired a lawyer to handle it, and she was given proper notice. She...
Sam Marcos
Sale of house fell through, what costs will Seller pay again
A buyer with FHA lending submits an offer. The offer is approved and the house is now under contract. In the mean time the seller pays for estoppel and title search, inspection, etc.. Then in the 48 hours before cl...
Sam Valme
How to unlock a HELOC
Hello BP Team! We were planning on purchasing our first rental in Feb of next year. Instead we are thinking about requesting the current owner open a HELOC on the home. They current have about ~275k in equity. We coul...
Jake Kucheck
More Fun w/Self Directed (Roth) IRAs
A while back, Holdman and I had what I thought was a very useful back and forth on a grey area of what was and was not a prohibited SDIRA transaction. You can read all about it here:
http://www.biggerpockets.com/f...
Aaron Ziegler
Landlord needing to break lease that hasn't started yet
HelloI'm wondering what I can expect or what my obligation is if I need to break a lease that hasn't started yet? It technically starts in 3 days and due to a family situation, I need to move back into this house rath...
Justin K.
Maintenance nuisance request clause in lease
Does anyone have or does anyone even suggest a clause in a lease agreement that essentially states that stuff like "lights went out in closet ceiling fixture and I'm can't see and can you come fix it?" incur a $50 nui...
Joe Davis
Double Close Transactional Funding
Hey BP'ers,We have always used transactional funding for our "frontside" contracts ensuring we don't need to assign a contract or use the and/or assigns verbiage on the contract. We have always felt that it shows a st...