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Actual Questions I’ve Been Asked by Borrowers/Brokers
1. My client is worth over a billion dollars. How quickly can you make him a $25,000 loan?
2. Do you lend 150% of appraised value?
3. How much down payment do I...
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In searching for my next investment property in the market I'm looking at, I'm starting to question my ability to attain the cap rate I'm shooting for in the neighborhoods I'd like to buy in. I'm looking in and aroun...
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My wife and I are under contract on a duplex in the rapidly developing* east side of Austin, TX.We made a $471,000 offer and are approved for a 3.5% The current rent for the front and back units are $1,450 and $1,535 ...
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Hey,I just bought a fourplex in the KC area to owner occupy. I bought it with an agent after using direct mail to find it. The inspector told us “this is the best maintained Fourplex I’ve ever seen”. It appeared that ...
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My wife and I are taking a 4-6 month trip to Europe and Asia this Fall. We already found a short term tenet willing to sign a 3 month lease with an option for a 4th month. The rent covers PITI and utilities with a lit...
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Hello BP,So I have a few questions, I’m trying to analyze deals just to get a better understanding of how to do it so I can feel more confident when I’m going into my first deal..Now I understand that when you’re flip...
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Hi BP community,I'm curious to hear from those who bought and rehabbed a gutted property. What was your experience like? And would you do it again?
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Hello there,My real estate agent arranged for inspection (for my first 4-units) this coming Thursday.He called me this afternoon to inform me that the listing agent refused the inspection as it passed 15 days from sig...
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Do I need them??? Where we are, be get about 32" per year and it comes at different times of the year. We can go months with no rain at all. Are gutters just something people install because they don't know any bet...
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What is best way to manage a pest problem at one of your properties? Or a really good way of preventing it from happening?