Justin Krebs
Property Backs up to A Water Treatment Plant
I am currently looking into purchasing a duplex that backs up to a water treatment facility. The numbers are good, the building is in good shape and it has at least 1 unit rented out with a long term tenant (have not ...
Kest Cousins
Non-recourse loan question
My question is if you are trying to assume a non-recourse loan would you need a sponsor for the net worth or is that up to the bank?
From my understanding a non-recourse loan they (the bank) cannot come back to you p...
Derek Clark
Property Managent Agreement
My neighbor is moving and wants to rent his home that is across the street from my primary residence. I have three rental properties in the same area. He and I are in discussion on me acting as the property manager fo...
Garry Hoffmann
Getting Daughter into house hacking @ 18?
My wife and I are debating on if we should help our daughter buy a house to live in and rent out rooms while in college. It would be under her name and have to make sense with the numbers. When she leaves school our o...
Account Closed
Conventional Loan VS. Hard Money Lender
Greetings BP! I'm currently in process of purchasing a home, I am a veteran and will be using the VA home loan. I have an agent and just recently he suggested that I use a hard money lender instead of a mortgage compa...
Cameron Moore
Newbie seeking guidance!
Hey everyone,
I might have a way to get into investing and help out a friend of a friend. Quick backdrop, found a tax deed sale, taxes owed are 12k, and property is valued at 90k total (40k for land and 50k for the...
Amaury Gallais
Corporate structure for house flipping
Good day all,
This is my first post, and first off I must say this is a fantastic forum, I've really enjoyed all of the quality information that’s available.
I have a question that I'm sure has been answered before,...
Allan Ramos
Looking to hang my real estate license with local broker
Hello BP,I am looking to hang my real estate license with a local broker. I am not looking to work full time as an agent. I just want to use my license to have access to the MLS, buy and possibly sell homes for my po...
John Guy
Being a referral-only agent?
Hello!I'm 26 years old and live in southern Maine. I have been managing STR and LT rental properties for about 4 years and have a portfolio of about 67 properties. It is my W2. This summer, I decided taking the 55hr s...
Luis Barberi
Small apartment high vacancy
Hi all,
I am considering a deal for a 26 unit small apartment unit in a small town in not where I live. The pro forma numbers look very good but they have about 8 units that are not being rented. Currently it does ...