Alright BP and @Henry Clark. I could use some advice on how to lock this property down. I'll do my best to keep this succinct, but there are some topics that may need further explanation. Here's the scenario:
Motivat...
Another investor in my network recently got a property under contract, and was looking to assign it. I saw it on Monday, and he gave me his "buy it now" price (ie: don't wait to see if any other investors are interest...
Hello all,We have a few units in our small multi-family portfolio that we are considering raising rents outside of tenant turnover. I'm interesting in hearing from the collective experience on here if it's more palat...
Good evening everybody.I was hoping to get some perspective on a specific property to make sure I'm accounting for enough expenses before cash-flow. I'm very new to the process so anything you point out in my analysis...
Hello Iam trying to figure out away for my mother to use her 401k to invest into my llc to flip houses. Does anyone have any ideas? Thanks
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
We've read many hours on BP throughout the last couple of years! SO much knowledge & great advise!I'm hoping someone can make sure we're on the right track...My hubs & I have been part time flipping for a few ...
I'm planning to form an LLC to purchase my next single family residence as a mid-term rental. (I currently have 6 performing MTRs in my name.) I will be selling a percent of the equity to an investor for the cost of d...
So my lender did a pre approval on me about 4 times and I confirmed with them several times that I would be able to get a loan on a non-owner occupied duplex. Fast forward to 2 weeks before closing (yesterday), my len...
I have two multi-family rental properties and will soon have three. My goal is to buy one every six month. With each property the burden to manage and collect rents is growing and with a full time job I can see it get...