Jeffrey Decedue
Legal Question Regarding Deceptive Lender
Hey BP,I need to know if there is any legal recourse for the situation my wife and I have found ourselves in.We applied for a mortgage on a condo in the Cleveland market, we received the pre-qualification and placed t...
Linda Thomas
Itemized letter of deductions from security deposit
Hello,Tenant vacated unit and provided forwarding address. I mailed the itemized letter with deductions within the timeframe required by law. Tenant contacts me asking if I mailed him the refund. I told him i sent the...
Kevin Schultz
Hard money for auctions?
Hi all, new to the BP community with my first post here.
I’ve done a lot of research on hard money loans lately. I’m looking to buy my first rehab for rental. I’m curious if one can buy property at an auction with ha...
Andrew James
Solo 401k loan....pros/cons, compared to hard money
Anyone have any thoughts on a loan to myself from a Solo 401K plan? As I sit here thinking about creative ways to fund a deal, including hard money, I have come across the idea of a Solo 401K plan and loaning to myse...
Michael P.
Closing Costs For Rental Property
My question is, as you acquire a property you obtain a significant hit with closing costs. How do you roll that into your monthly, or annual breakdown for net profit?
Michael Seeker
Courthouse Auction "Amount to be raised"
I started looking at the upcoming courthouse auctions in my area. I've never been to or looked at these before, but I'm intrigued by the possibilities.
All of these listings have an "Amount to be raised" listed. I ...
CJ Moulton
What happens to the remaining balance after a home is auctioned for a lower price?
Hello All,Recently I have been reading up on Foreclosures, and I went online to look at some foreclosed properties (Auction.com), but there's something I don't quite understand...I noticed that the starting bid for a ...
Ryan Thomson
Step by Step on how to get PMI removed
If you have owned your home since 2020 there is a great chance your home has appreciated enough in value to get your monthly PMI payment removed. This will easily save you 2-5k/year.
Getting rid of Private Mortgag...
Maleshia Gilcrease
fha 203K or homestyle reno loan
Good afternoon,I am considering doing a house hack using the FHA 203K or Fannie Mae Homestyle loan. I would like to either create an adu or house hack a multifamily that may need some work. Does anyone have any referr...
Josip Galic
Home Equity Loans
What have your experiences been like with Home Equity Loans? Positive and negatives; what caused you to use them versus other forms of credit?