I am helping a friend put a deal together, and it's been a while. He is purchasing a house (SFR) for $270k with about $9-10k down, the seller is carrying a 2nd wrap/note (1st is standard mortgage #217k balance @ 5%, P...
Looking for guidance on who I can get in touch with to help me finalize my seller financed deal. Underwriting, title company etc….Thank you BiggerPockets community!!
...commercial loans:The commercial loan must be secured by one of these four major groups - (1) Multifamily; (2) Office; (3) Retail; (4) Industrial.The property should be either brand new or in pristine condition.The...
I'm seriously considering the purchase of a vacant former drug house in a rougher part of town. I can buy it for $5K with an ARV of $49K. Obviously it's a total rehab. Anyway, since I'm still getting start I perform ...
This is a very specific question, but probably not all that uncommon a situation especially for LLs who specialize in student rental.I have a new tenant who's a foreign student. They're on an F1 visa, and I've confir...
Hello BP family, this is my first post.
I have 5 rental properties, all SFH, in a B to B+ neighborhood. I currently have a tenant who gave me 30 day notice on 10/21 to move out on 11/31 and is refusing to pay the la...
Hello BP, Things are moving very fast for me and I need some input. I just acquired my first duplex and was given the security deposit for the one tenant that currently is there. I have four other multifamily units th...
I noticed there are lots of ads on CL Financial Svcs like this;
Motel in Idaho
looking for $250,000
secured by 1st deed of trust
Value of property $500k to $650k
add in 6-12 months interest reserve to the $250k,...
Good Morning BiggerPocketsWhile I know most on here are not attorneys to provide legal advice I am curious to hear from folks who may have done something like this before.Here is the overview.I have a few private inve...
Hi all,
My in-laws are selling their home in LA County and we are unfamiliar with the requirements to sell. My wife and I sold our place in OC a couple years ago and the requirements didn't seem as stringent.
The es...