Yuan He
Asking applicants SIN for background and credit check
Hi BP rock stars,
I am aware that in Halifax NS, the tenant is not required to provide SIN. Under this condition, how do you usually conduct background and credit check if the applicant is not willing to disclose thi...
Sam Abazari
PRE-QUALIFIED VS. PREAPPROVED: WHAT’S THE DIFFERENCE?
A very common question that we get asked as our clients get ready to buy a home, is what is the difference between pre-qualification and pre-approval? Are they the same? Is one better that the other?
The truth is the...
Padma Mody
What to include in the Lease Agreement
I am about to lease my single family home which I rehab and now ready for the lease. I am going to lease to section 8 family. Next week, section 8 inspector is going to come to inspect the house.Reading other people's...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Steve Rozenberg
How Important is an Applicant's Credit Score, REALLY?
How Important is an Applicants Credit Score in Applying for One of Your Properties?
Matt Sora
Inheriting long term Tenants?
When buying a property if you are inheriting tenants what is a good way to go about that? What if they are not good tenants and end up causing a lot of problems such as when lease ends they wont move out? Is there any...
Jon W.
want to refi land contract...how long do I need to season?
Hello,I have a property I am trying to refi that is currently financed with a land contract. I have owned the property for 6 months and tried to go to my usual bank but for a land contract they require 12 month of se...
James Lloyd
Need Info For Potential Buyer
I need to know what information to put in a packet for a potential buyer. They are asking for property research, owner history, fair market price, projected profitability, and repair summary. Sample documents and temp...
Chris Cadez
Multiunit property, not pretty or ideal location
Going to look at a 4 and 3 unit property today, neither are the prettiest looking properties or in an ideal location . When I run the numbers though, the 4 unit performs amazing on paper. After I look, pending nothing...
Stanley Okazaki
How do we show Hard Money Lenders our track history?
We want the best rates on hard money just like everyone else. From what I understand, you can negotiate for better terms if you have good credit, liquid assets & a proven track history of successful investing. Our...