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I am looking at buying a large commercial building in Minnesota for about $6 million. I am putting together a model for the purchase and wanted to be sure there aren't any costs I am leaving out. Is anyone familiar wi...
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Hi All, I am a new STR owner in the Phoenix/Tempe/Mesa area. I have set up my listing on both Airbnb and VRBO but I haven't received any traffic on Airbnb and on VRBO I received some inquiries and booking...
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I have a client that wants to ask the lender for proof of funds. The clients wants ensure that the lender has the funds to lend before he sends any fee. I’ve been in commercial lending for a while but I’m pretty new t...
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Quick question . . . our leases state that the rent is late if not paid by the 3rd of the month and at 15 days, we will initiate eviction proceedings. We have one tenant that screened well (talked to the previous lan...
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Hi there BP family!
Looking for some advice. Towards the end of last year I used the BP tax pro finder and began working with a tax pro in January to file 2023 taxes and go over tax strategy. I’m just starting my RE ...
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I am currently taking the FREC 1 course and I am looking for recommendations on local brokerages to apply to. Also looking for opinions on the cloud based brokerages (i.e. eXp). Thank you in advance for any information.
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Currently have: 2.999% interest rate on 170K loan of 300K property, 30 yrs fixed (non owner occupied fourplex, purchased 2 years ago)Thinking about this quote: 4.375% with 1% origination fee or 4.875%, 30 yrs fixed, c...
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We have been using Home Partners and have had succes with them, however we are moving to MD and need to rent one more year, due to a short sale. Homepartners won't do another buy (they only do one time). Does anyone ...
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Hi Everyone,I have a question regarding closing costs in Philadelphia. Is there a rule of thumb that everyone goes by here? I have heard 6% but wanted to see the crowd's opinion. Thank you!-Emmett
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I’ve owned a condo in Aiea since 2002. I’ve rented it out to the same tenant since 2010 for about $2500. They are leaving. I live out of state. We converted a two car garage into a nice unpermitted apartment under the...