Sam K.
Funding for 2 unit ADU project on RM1-1 San Diego city
Hi BP Community,I have a RM1-1 zoned property in San Diego city. I know I'm allowed to construct to 2 ADU's on it. I want to do a ground up construction of 2 ADU's on top of each other. I have questions around financi...
Cali K.
VA and Commercial Loans for MTR/STR Strategy
Hello everyone! Newbie here. I am planning on converting my current home to a midterm rental (it's in a small town but a large hospital system nearby). I am confident it will rent well. I need to move to Milwaukee for...
Mike Rubino
Tenants Owe Over 10K in Rent and wont pay!
As the title says, my tenants went 3 months without paying their rent. They have since been evicted, but it has been close to 8 months since the eviction with no money in sight.
What are my options? What would you ...
John Mireles
Walking Away from an SBA Loan?
Has anyone here ever defaulted on an SBA 504 loan. How is it dealing with Colson's Servicing? Did they attempt to enforce the personal guarantee? Was bankruptcy required?
How about a short sale? How was that handled?...
Eric F.
Advice on removing old liens from defunt companies
I have a house under contract to purchase. The title search showed 2 old liens from companies which have been acquired by other companies. The seller thinks she does not owe anyone anything.The first is from 1998 and ...
Chris Schmitt
Buying Investment Property in High Rate Environment
I have been looking at purchasing a turnkey condo in the Orlando area as a long term rental. I found a unit with a reliable existing tenant who wants to remain at around 100 per month below market value rent which fo...
Archimedes Jao
Cash out refinance
We rehabbed an STR, bought it at 400K, and we believe a conservative new value is 450K. Would 360K, or 80% of the new value, be the “cash out”? We follow someone on Instagram who seems to give this simplified equation.
Brendan Jones
Inherited home, cash out refi by multiple heirs
Hey all,First post on BP!My father in law recently passed away leaving his 3/2 single family home to my wife and her 20 year old brother. We've been wanting to start investing in real estate over the last couple of y...
Ryan Gauthier
Should I Partner Up With Family On A Rental?
Hey Guys,I'm in a weird situation and could use some help.I have two brothers and we just inherited two free and clear townhouses.One brother wants to sell, and one brother wants to keep them and rent.My choices are:A...
Haritha N.
Newbie questions on buying mortgage notes
I am fairly new to the concept of buying/selling mortgage notes and I have been reading about it. From what I understand (to put in simplistic terms):
Lenders (could be banks, financial institutions, private people) ...