I worked with a management company to rent out my townhome and they sent me an application with a set of 3 roommates that barely makes enough as 2 and just squeaks by with the 3 to meet income requirements. While tech...
My wife and I intend on moving to rural coastal Oregon in a few years. We're looking at buying my neighbor's in-laws property. She's an older woman (we'll call her Jane) and lives comfortably in a trailer with some pe...
I was wondering if anyone has had any success or can share insight about the process of assuming a loan from a seller when acquiring a property. The idea makes a ton of sense for both buyer and seller; but I was wond...
Looking into purchasing a property that is already section 8 tenant occupied. What are the 'need to know' facts about section 8 housing? Any advice is greatly appreciated!
Hey BP,
I'm looking for some help from the group.
I'm selling a recent rehab with owner financing. The plan is to generate the note for the buyer, discount it, and sell it to a private long term lender.
My underst...
I have an appointment tomorrow afternoon with a commercial loan officer and want to be as prepared as possible so as to not shoot myself in the foot.
Here's my situation:
I am in the middle (in underwriting) of buyi...
I think this is the 1st time an insurance inspector has visited my multifamily in the 23 years I've owned it. I live here and use the basement as storage and workshop, and that my biggest concern. I figure I need to h...
Hey BP,
I'm sitting here, stuck on pause, while filling out my first LLC here in Utah. Everything was going smooth, all questions easily answered, and then BOOM! They ask me for my BASIC nature/purpose of business, ...
Hello B.P. community. I have a quick question,well actually two. I have a opportunity for what I see as a great deal. Well at least I think it is;). Here is a quick rundown.House-2/1Apt.bldg.#1- 5units-(2)2/1, (3) 1/...
I know it doesn't mean much until you get the check in hand, but I did get my very first property under contract today! I've been soaking in the advice that members of BP has provided me. I've connected with other lo...