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Closing on my first property tomorrow in Concord NH and I just received my first quote for finishing the rehab on the studio unit on the second floor. The 3 room unit (kitchen, bath, living room) is partially rehabed....
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Hey guys, I am interested in trying to find a lender for a couple established commercial properties. We have owned the properties for the better part of 2 decades and I am trying pull some built up equity out and rede...
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Never wholesaled a property… usually flip them.
I have one Id like to wholesale though. What are the steps I need to take to do it?
Also, if I put under contract and can’t sell, am I on the hook for anything?
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Hi All,Few days ago I purchased a multifamily [in PA] and inherited a tenant who is late on his November rent. Digging into it a bit further, since moving in March 2016 he's been habitually late and in Jan/Feb 2017 w...
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I am flipping houses. I'm running into potential buyers challenging me with "I know what you paid so I'm only willing to pay "$X". In Ohio, the recorded purchase price comes from the purchase price listed on the HUD-...
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I'm just curious what other landlords have done to handle this odd scenario.I'm a new landlord and I just got my first duplex completely rented out. I was told last night that there was shouting and doors slamming and...
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Hi Everyone,
We are exchanging for the first time from MFH to NNN retail properties.
We have ~$4mm in equity in the downleg and plan to leverage to $8-10mm for an upleg purchase. The downleg is in the final stages ...
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Hello BP Fans,
I'm currently trying to purchase a short sale in my area. The sellers agent countered today and they want to remove the Short Sale Rider addendum to the contract. Have any of you guys seen this before ...
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Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
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I purchased a house in a Trustee sale auction a week ago. Three days later
I received a letter with the funds returned and no other explanation.
I called the trustee office and my understanding is that they decided t...