I recently purchased a condo within a house that was just converted into a 4 unit condo building in California. The first year's property taxes are not split individually for each condo unit, the building receives on...
Hi BP team, Happy New Year!
My brother and I own a 4-unit rental property in Los Angeles, CA, we've owned it for almost 10 years. The property Title is owned 50% by each of us individually, as tenants in common. HOWE...
Hi there! I applied for a DSCR loan and the terms include vague language indicating they may be a penalty if paying the loan early. Is this common for these types of loans? Is there a typical minimum period where the ...
Hi All - I bought a duplex in Pittsburgh, PA a little over a year ago and the first-floor units electric is hooked up to the common/shared spaces within the house. I've kept the electric in my name, but I'd like to ha...
I read something along these lines (but correct me if my understanding is wrong): that if you get into a partnership and purchase an investment property (e.g SFR LTR 50%-50% with a partner), and then some years later ...
I've heard that the limit to the amount of conventional loans one can have is 10, but that most people will not be able to get more than 4. What prevents people from getting more than 4 conventional loans if the limit...
Just got a contract from an agent I’m looking to work with. He wants 3% from the seller as well as $425 from me. Is that normal?
Hi All,I am in the process of purchasing an abandoned Right of Way adjacent to my property from the POA. They do not want to pave it, and I said I would entertain the purchase and construction of a personal drive on ...
Ive seen a proliferation of deals in the last year with two equity shares consisting of preferred equity and the more typical common equity that is common to more typical syndication deals. The Class A preferred equit...
Hi everyone,
What are the most common topics for calls/emails you get (or your management company gets) from tenants? I'm trying to determine how best to implement building management on a 7 unit C class property i'...