I've recently come across an intriguing opportunity in the Detroit Land Bank, where properties are available for just $1,000. The catch? They might need around $80,000 in renovations. I have a few questions.- Have any...
Hi All!I am very new to the real estate space and am seeking advice for getting started in the nyc/nj area. Would love to chat with anyone who has invested in this area and learn more.
Are there any landowners on the east coast that have completed any deals as a wetland mitigation bank? I just discovered this opportunity a few weeks ago. It seems this is very complex and not for novice and someone w...
Any suggestions on where to open a business bank account for my real estate business?
Hi there,
I'm about to close on my first property (6 doors) and am realizing that I don't know how to collect rent in a convenient fashion for the tenants. I have been told to use Baselane so that they can ACH transf...
How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments? Do you have an operating checking account for each property? One account for all your properties? #AskBP
Anyone ever have issues with their bank after not meeting their DSCR requirement?
I have a year one property where we got rid of multiple tenants and did some remodeling before filling back up with better ten...
If you were looking to buy a foreclosure property and you are going to do bank financing, would it make any sense to do the financing from the bank that holds the foreclosure. I wonder if the bank would give you a bet...
Hi BP I just found out about velocity banking.I was wondering is this a great way to start off my real estate investment? Are anyone else doing it? Are is it a bad idea in general? Any help would be appreciated.
I'm new to real estate investing and would like to know if a bank owned property has a lot of equity, why wouldn't we want to pursue purchasing the home from the bank?