Frankie Renaldi
Property Management Protocol For Coin Laundry
Hello BP World,Having a debate right now about common protocol. My wife and I are RE Brokers (37 years combined in the business), investors, and now own a PM company. We are taking on a client group that has some bu...
Colin Newton
Delayed Financing W/ Rehab Cost in Closing Escorw still allowed?
Hey BP,I have read and heard mixed things on Delayed Financing. Initially I was told that when using delayed financing that you were only able to pull back out the original PP amount; obviously not the goal when using...
Austin Freeman
Short Sale Dealing with Chase Bank
Hello BP,
We are trying to work with Chase Bank on a short sale. The existing mortgage is around $80,000 and we offered $25,000. We sent a preliminary letter of disclosure for potential short sale and are waiting to h...
Jonathan Dagerath
Trouble getting renters
Hey All! I have a series of Duplexes in a growing part of downtown San Antonio and I’m having trouble renting out 4 of the units. I’m having people express interest in the units and I schedule showing with them for th...
Matt Hassett
About to close on first rental property input on next steps
So my wife and I live in Oceanside, CA and are about to close on our first rental property in Cleveland, OH. The property currently has a tenant on lease until next month. Upon closing tomorrow we will talk to the ten...
Alex Smith
Legal Non-Conforming MultiUnit - Financing Challenges
Hi all,I've been a lurker on the forums for some time - I finally made the plunge and made an offer and I am under contract on a triplex in a coastal city in Florida! This is a very unique property, and I have some c...
Vince Osuna
Lenders who use projected/little track record of STR’s to qualify
Hello! First post here. Thank you all in advance!I recently purchased a property in Big Bear City, California in December 2021. The property is a 2 bed, 2 bath setup turnkey for short term rentals. It was renovated fr...
Marcus Wright
Obtaining Unsecured Loans
For 2023, I’m thinking over a few ways to add more assets to my growing portfolio. Ran across the thought of obtaining an unsecured loan to help assist in my growth. The lenders mentioned the loan would be in my perso...
Salvatore Gaglio
My first STR in Myrtle Beach
Investment Info:
Condo other investment.
Purchase price: $285,000
Cash invested: $20,000
Lovely 2 bedroom 2 bathroom condo in the Ocean forest Villas.
We did a small cosmetic renovation which helpe...
Luke Stewart
FHA with out of state work
I recently got preapproved for an FHA loan on a new primary residence. However, the underwriter has come back to me with issues with my job. I am a contract worker with a W2 from a recruiting agency and I work out of ...