Economic Update
(Labor Day Edition)
This crazy bizarre year will undoubtedly be remembered as one of the most challenging times of our lives. A worldwide pandemic, social distancing, facemasks, a recession, histori...

I am looking at a deal right now that I would like to finance, but it has a manufactured home on the site. Conventional financing, which I have qualified for, won't fund a property with a manufactured home. The proper...

Hello,I recently attended a webinar that states investors should control build-able infill lots instead of buying them, how do I draw up a contract to do so?  The intention being to find a retail buyer that through th...

I know someone who has 65 properties and has offered to sell me any of them at the tax assessed value. For this particular county, the values usually run 10-15% lower than the market value on average, but there is a l...

I have a family member that wants to get into house flipping as well. I'm thinking about loaning him the money for the first flip. Some key criteria are:-I want to purchase the house in my name.-The taxes will be paid...

Hi Everyone! I'm researching where would be a good market for investing in a mid level ($1M to 1.5M) multi unit for the best return rates and stability. Ideally somewhere near Detroit, Los Angeles, or Charlotte NC, bu...

I’m a broker specializing in MHPs.The first thing you should ask yourself when finding a listing agent is: “are your agents specialized in this property type?” If they are, they will be much more likely to know who th...

Hello BP Community,Wanted to throw a  scenario out there, to see how realistic or easy/difficult it would be to obtain financing from a bank on a commercial multifamily property, or discuss possible work arounds.Exper...

Hola,Please provide input on this situation.  The facts:I am trying to use equity in my rental for start up capital.The home is valued at $88.5K.  I owe $47K.  The interest rate is a ridiculous 7% (which I'm working t...

I have a low end home we are completely rehabbing. The flooring in the family and dining room is maple that has had nothing done to it for probably 30 years. Basically all the finish has worn off and stain spots. Shou...