Steve Davis
Will banks refinance at an LTV that doesn’t cash flow?
Looking to eventually refinance a 7 unit apartment... will banks refinance at the appraised amount on an LTV that doesn’t cash flow? Say -400 to - 600 a month or so...I don’t mind absorbing this overhead if it means I...
Kalimah Jenkins
Any REAL recourse when a property doesn't close on time?
I am selling a property to a buy and hold investor and accepted a reduced price for a "time is of the essence" quick closing. I just learned that we won't close on the stated date because the purchasing agent didn't ...
JM I.
Buying an FHA multi-family that doesn't cash flow? (SFla)
I live in north Broward County but work near the Miami airport, so the commute is starting to wear on me. I currently rent a 1/1 and pay below market rent for my area (about $900), but I'm spending nearly $300/month i...
Luke W.
Tenant is claiming "Mold issues" Doesn't want to pay rent.
Hey all,I have a tenant that did not pay rent on time this month. So, the day rent was late I put a 5 day noticed on their door. He came out and got the notice very quickly and called me after I had just driven off. H...
JD Martin
And this is why rent control doesn't work very well...
https://www.yahoo.com/news/say...The crux of it for those who don't want to read the article: the guy's paying $450 a month in a rent control unit in NYC for 20+ years, while market rate around him is $3k/month. He's ...
David Lund
Desolately Need Help; My income doesn’t count towards FHA loan
Hello all,
My girlfriend and I are trying to get a $250,000 FHA loan for a duplex to house hack. We didn’t think it would be any issues at all because combined we make enough for that loan amount. After going through...
Matthew Mucker
"Log me in automatically" doesn't seem to be worki
Anyone else having this problem? I know that my machine is saving cookies; other sites I visit do auto login for me...
Faraz Ash
Buying MFH - Seller doesn't have tenant lease info - Tips needed
Hello,Buying my first multifamily property and a property with existing tenants. I've put an offer on a 3 unit MultiFamily property with good potential. The units are fully rented with 2 tenants who have been there fo...
Eric Andrekopoulos
Investor Off loading portfolio but doesn't want to seller finance.
Hey BP Fam,
I currently have a local investor looking to exit his rental business within the next 5 years because he's older in age. So he wants to sell all of his properties. A vast majority of them have 100% equi...
Ashley Glinka
1031 Exchange-purchasing from seller who doesn't want to repeat
Hi all,I manage a group of 36 townhomes, owned by two older couples who are related to one another. At our last meeting I approached them about the opportunity to purchase the property from them if they ever choose t...