Dakoda Spencer
Can someone please explain these numbers in English?
Hello BP!I have been having a difficult time wrapping my head around the meaning of some numbers. When I asked a local bank for info about their investment loans, interest rates, etc, the following were some of the nu...
Anthony Geren
Advice on finding comps /SQFT DIFFERENCE??
So when your looking at comps in the subdivision, how far apart can the square footage be to affect your comps on the house you wanna buy? For example I have comps ranging from 150K to 220K but they vary from 2000SQFT...
Adam Craig
five year fixed rate with a 20 year amortization and 20 year term
I am somewhat new to the commercial terms. My lender is offering a commercial loan at...4.25% with a five year fixed rate with a 20 year amortization and a 20 year term.Just to confirm, this means the loan can have th...
William Mullins
Tax Advice
BP Community...I'm requesting recommendations for a guide on tax strategies and reporting (basis, adjusted basis, business expenses, etc.). I've found lots of material on rental properties but I am having trouble fin...
Gabe K.
Claim proceeds are too low, what to do?
Hi BP Experts,We had a roof leak that basically destroyed most of the inside of a house we own. Our contractor said repairs will cost $24k but the insurance company is only paying out $6k towards repairs. How do we ...
Dorothy Pang
Insurance claims for a 52 unit apartment building in Las Vegas
Hello BP members,Would like to get some advice. My family owns an apartment building in Las Vegas and we’d made some water damage / flood claims to the insurance company. It’s been incredibly difficult to get the comp...
Caroline Gerardo
FHFA backed down on granting LLPA better pricing
After the MBA and hundreds of mortgage lenders and consumers complained to their Congressperson the FHFA rescinded its plan to offer a bit better pricing to lower FICO score ranges and debt to income ratios. Though ne...
Chris Feltus
Determining ARV: Am I doing it correctly? [Pictures and pdf Comps inside]
I am new to wholesaling, and would like to take this one step at a time educating myself and taking my time long before trying to put my first property under contract. First is making sure I have a solid understanding...
Jacob Beg
Will this invalidate an insurance claim?
Hi All- I purchased a property from a Trustee foreclosure sale. The risk of loss (fire, accident etc) passes on to the purchaser from the purchase date. It took me a few days to get in touch with the occupant who was ...
Joey Bresette
ARM to Fixed Rate Mortgage
Hey Guys,I'm currently getting my real estate license in California for when I go to school out there. I'm in the last section of the pre-licensure course going over adjustable-rate mortgages (ARM). In the explanation...