My name is Mark Fulop I am a mortgage correspondent lender/ underwriter with about 13 years of experience. The main reason why borrowers use a mortgage broker is to ensure that they attain funding from a reputable so...
Hi all! We have a rental property that will soon be up for rent. I have not yet posted the property for rent but we have gotten requests for information from people in the area. My current neighbor rents the house nex...
Good morning BP nation,I have just become aware of the Series LLC, which appears to afford much better asset protection than a standard LLC due to the ability to essentially nest entities within each other. Based off ...
I purchased my first rental property at the end of December. It was a foreclosure and I purchased it from the bank with cash. At the closing I received a credit for the sanitation bill. Now 2 months later I receive...
Hi guys.I'm just starting out, and studying to prepare my first deal.I'm interested in buying a building to have the cash flow from the rents forever.Anybody knows the answer for these 3 questions?1) Do you buy an emp...
Please help me understand : In a foreclosure sale where you are supposed to pay the full amount on the spot, how do you get title insurance, or you don't and you are risking buying something that belongs to someone el...
Hey everyone I'm a newbie and don't really know anything about real estate except for the few articles that I've read and the ultimate beginners guide on the site. I'm really interested in getting into investing but h...
I've always been on the more optimistic side from the beginning of the coronavirus induced economic downturn. I felt that the economy was going great before and that we'd see a quick recovery once everyone opened back...
Hello, new here so this might be basic or stupid.
I have two STR properties and trying to continue to grow, I was able to secure a HELCO on one of them and was thinking of using it to buy another STR.
The cash flo...
What are some pros and cons of assuming a commercial loan from a seller? Is this a better option than seeking my own finance? Would banks still do an updated appraisal?
Regards,
Mike Stock