Richard Naimy
When purchasing out of state - Local or Out Of State Lender?
Hello BP Community,When purchasing am residential MF property out of state - Should I use a local lender in California or should I use an out of state lender in the area I am planing to buy in e.g North Carolina? Does...
Lucas Smart
Cap rate for low number of units
In the rental property calculator, under cap rate, it states that the cap rate doesn't really matter for single family homes and under 4 units the cap rate doesn't really matter. Why is this?
Michael Matter
New Guy from Indianapolis, IN
Hi All! I'm Michael and currently live in Indianapolis (South Broad Ripple). I moved to Indianapolis just over one year ago after living in Baltimore for the past 6 years. I have been a lurking member for some time...
Reggie Desir
Has anyonr ever bout a house with a Lis Pendens
How difficult is it to flip an auction house with a Lis Pendens on it? Has anyone ever dealt with this?
Maria Miers
Eviction- Tenant Guest still at Property after Leasee Moved out
Eviction was filed on the tenant for non payment. Upon inspection of the property, it was discovered that the tenant had moved out but allowed someone to stay in her unit. When the PM found the guest inside the unit...
Cooper Marcus
Real Estate Professional - timing of events during the year?
Last year I owned no rental property and spent little time on real estate. This year I will acquire at least one rental property and meet the qualifications for both Real Estate Professional and Material Participation...
William Sullivan
How does a high LTV affect future opportunity?
I'm interested in financing a multi-unit property in the Boston area with an FHA 30-year loan. This may mean a $400k+ loan with at least 3.5% down.How would this 96.5% LTV affect my ability to obtain future financing...
Corey Kenney
Will a Funeral home affect my sale?
I came across a potential flip last night and at first glance the property looked to fit my criteria. Before I proceeded to run the numbers I noticed that right next door is a funeral Home, a nice one I might add but ...
Tyler L.
Which factors are most important for you when looking at comps?
When looking at comps for sfh, what's the biggest and least important factors for you? Which ones are you more willing to compromise on, and which ones less?For me, the importance in order is:1. Number of bedrooms2. N...
Benjie DeVera
Advise Needed from Lenders: Tax Returns Weight on Loan Application
Hi, I'm currently working on my 2014 taxes. This 2014 taxes will be the most complicated one by far, with itemizing RE expenses, etc. I do have an EA doing it, so I'm just trying to plan for 2015, as I plan to purchas...