Kevin O'Brien
Refinancing a cash purchase
Hi all,I’m looking to BRRRR a property in central IL using a heloc to purchase for “cash”. When the work is done, is there still a seasoning period before I can finance the property to pull my cash out?
Tim Phillips
Application fee amount limit? And form stating nonrefundable?
Hello,Just purchased my first small 6 unit apartment in Ohio, I have 1 vacant unit that I am looking to start showing but I read at somewhere there is a limit to the amount you can charge a tenant on an application fe...
Tyler Weinrich
Wholesaling a portfolio
I came across a landlord that is looking to retire soon and is interested in selling their portfolio. This would be 28 SFH's in A-B areas. Rents are at or slightly below market rents. Homes have been well-maintained.....
Summer Noyes
New Green Card - Background Check
Hello All,
So we did it! We finally became REI and have our first rental. Showed it to the first couple, who we actually liked. They went to fill out the online application via Cozy, and of course a snaffu. The gentl...
Freddy Morgan
No Cash Out refi options due to Covid?
Over the last few days, a couple of local banks told me they "are not currently offering cash-out refinancing on investment properties due to Covid impact concerns". Have any of you heard anything similar?
Very new t...
Stephen Jones
Help me analyze this deal- 30 unit Apt Complex
I have a 30 unit apartment complex deal on the table, and I was hoping to get some feedback from my fellow BP members on whether this deal shakes out or not... Here are the details- Consists of two old buildings, extr...
Gavin Eddy
Changing the physical address
Has anyone changed the physical address of a house to another street? I have a house that has a huge drive way and both ends of the drive way are on another street then the houses address. The house has two front door...
Ardranae Byer
Tax Foreclosure Judgements
Hi,
I have a property under contract with the seller. I am wholesaling it to another investor. The title search came up clean but has a small mortgage that will be satisfied by the seller at closing. While securing t...
John Bryant
To deal or not to deal? two quads
So I've been working with a partner for the past 5 months. We are doing multiple flips together and doing well. Some I fund rehab most he funds it all and I run the projects. Been going very well. He has wants me to c...
Matthew D.
Purchases my first property...now what?!
Hello BP Members!First I would like to say thank you to everyone as I've learned a ton from these discussions. I am a long time observer but this is my first post!I purchased my first property last year. I am currentl...