FCI won't inboard two of our recently purchased CA loans because they have a policy whereby they will not accept any CA loans with a FC in progress in which the property is owner occupied. They feel that there is a hu...
I had an interesting applicant on a single family property: A business providing in home care to adults with disabilities. They are funded by the state Department of Developmental Disability.Are there any concerns ren...
Hey BP Family!I've just finished the rehab on a property in Norfolk, VA. I really like the idea of doing a reverse arbitrage. Has anyone done this before?Would anyone be interested?Jim
So we close on 9/16 on a duplex. I am just wonder what are some things that I should do as soon as we own the place? I know I will be changing the locks on all the doors to make sure no one has kept keys from pre...
I have a real estate investor who wants to borrow earnest money ($1,000) and a proof of funds letter. He waiting on his money to come in but does not want to lose the deal. What kind of fee should I charge to lend the...
Hi BP community!Just wanted to get some feedback on a potential investment I was looking atFacts: 2 family (4br + 4br) / students / Always rented / 2500 sf of living space, house is in very good condition a great deal...
Hi BP, just trying to get my ducks in a row, so far, I have just broken ground to residential market. I am exposed to government and commercial tenant improvements or construction, where we are to perform then get pai...
BPers,
I need to make an offer on a 3 Units in the lot. It has a 2bed, 1Bath in front. A 1bed, 1bath in the back, and a 1bed, 1bath on top of the back unit, with 1 car garage for each unit. Zestimated in $840k. A T...
Discovered new, open violation during escrow; seller's defaulted holdover Commercial Tenant lives nextdoor
While in escrow with contingency to deliver premises Vacant, seller of commercial building disclosed that ten...
Seems to be a consistent issue/question on BP attempting to drawing equity out of our investment properties. We are accustomed to HELOCs and REFIs with our own homes and naturally assume we can do the same with any S...