Hello BP Members,I was recently approached by an acquaintance for private lending for fix/flip. I have never privately lent but am intrigued by the opportunity. If I were to draw up an agreement what should be inclu...
Hi all.I've had this deal under contract since Dec 8th 2020. Lender had BPO done February and came in astronomically high. BPO is 480k on a home that is not worth more than 300k. The realtor who did the BPO is not eve...
Hey allSo I am representing a client who sold his house to downgrade and try to get some rental income. He is older is currently not employed (has some social security income but that's it now). He is renting right no...
Hi All,I was wondering if anyone has insight on the general timeline it takes to close for a cash out refinance? I'm located in New Jersey and just filled out the application and locked a rate for a cash out refi for ...
Have a condo in a class C - neighborhood. It was built in 1977 and I assume has original windows and they are in bad shape. My question, is it better to spend the money and put in good quality windows with lifetime wa...
I am looking at a property and the numbers make sense. The property has new roof, no major issues with HVAC or boiler. But really run down inside. Which i think i can work with.
Question: The listing says "Owner wil...
What documents do you require prospective tenants to submit when filling out a rental application? I'm planning on requiring photo ID, most recent W2 and 1040, 3 most recent pay stubs.Does anyone require bank statements?
This is my first short sale and there is a lot of information regarding short sales on bigger pockets and lot of other sites but i am even more confused after reading the articles and trying to compare what stage of t...
I know this board is mainly for SFHs, but wanted to discuss CRE auctions.There is currently hotel in foreclosure being auctioned off soon. The hotel is being auctioned off. This is essentially a blind auction as in no...
Hey guys,We have a unit that's single occupancy. Month to month. The tenant gave out his keys during the 2nd week before moving in. Pretends it was the cleaning lady. It's his gf.She seems to have moved herself in sin...