Bernard Nieto
New-ish BP-er from Toronto Canada
Hi BP-ers!
I’ve been browsing and listening to BP podcasts for few months now I figured I should introduce myself :)I have a primary condo and rental condo in downtown toronto and currently working on pulling the equ...
Gordon Way
Liquidity Requirements for Commercial Loan
I have a 58-unit building under contract @ $2.5M. The bank I was planning on working with was offering 5yr fixed @ 5.0%, 25yr am and 75% LTV. First two years are interest only as we move off of a HUD contract and into...
Luke H.
How to/ To do/ when adding another person as an occupant
Hello everyone and hope all is well. The tenant that signed the lease has her husband and brother listed as occupants. I did a site inspection and found another person at the house (brother's girlfriend). I explain...
Matt Devincenzo
Performing 2nd borrower short sale docs?
So a borrower of a performing 2nd just submitted a 'Request for Mortgage Adjustment' to FCI and requested a short sale. All that was provided was a written summary of expenses, and the last 30 days of pay stubs. FCI h...
Sebastian Roy
203k contractors in massachusetts?
Hello everyone,
I put an offer in on a duplex using a 203k loan program and was curious if anybody has referrals for contractors that are familiar with the 203k loan program.
I have never used the 203k loan before...
Danial Qureshi
Section 8 Housing Questions
Hi Everyone,I'm looking at a few properties here in Atlanta, GA which have Section 8 tenants would any of you be willing to give me some advice as to what to expect with Section 8 tenants as I've heard some horror sto...
Jose Pena
Need help vetting a property in Ohio. Learning due diligence
I would like some help vetting a property deal I have. I have never done it before and would like some advice on how to do it. I want the deal but i want to make sure I am not getting played.
Carlo D.
Do I need a license to buy Mortgage notes?
Do I need a license from my home state to buy mortgage notes? Do i need to be licensed in the state where the real estate is located for the mortgage one is buying? Thank you in advance.
Nick W.
Veteran seeks MFR (3 or 4) in Houston, Texas
Can anyone recommend a good contact or two in the MFR (3 or 4) space in Houston? Currently living in Nashville but may be making a move for grad school. I am looking to house hack and get through school debt free if...
N/A N/A
Transfering a property into an LLC
How do you go about transfering a property you still owe on into an LLC ?
And..is it even necesary for tax / legal purposes ? Meaning - I'm going to form the LLC for liability protection but wonder if I need to then...