Payton Dodson
Refinance Immediately?
If I purchase property at 70% for cash, when will I be able to get a HEL/refinance? Is there a common seaoning time with most lenders or can it be done within the next month?
Joseph Micheal
Financing Illegal Duplex
Hi All!I am looking into purchasing an illegally zoned property (currently used as MFH and zoned as SFH). I spoke with a loan officer who had some concerns that the discrepancy in zoning may derail the deal and leave...
Aaron Andrew
New to BP and hoping for advice on my plan with a plot
Hi everyone, I have a plot of land in the middle of Tulsa, OK that I'm hoping to sell and use to start my real estate investing journey. My goal is to own a B class property in Vancouver BC, San Diego CA, Miami FL an...
David Edelstein
What would you do?
Current Situation:1. Bought a 2bed / 2bath condo in NYC for $800k in 2011, with $500k down $300k mortgage.2. Condo is netting approximately $2k a month. It has a 15 year tax abatement that will start escalating in a y...
Evelyn Jordan
No SSN, no CC, No Proof of Income
Hey BP People,I am currently screening tenant applications for a vacant rental property of mine and I came across an interesting situation. The applicants are a Hispanic family with 3 young kids; Mother is a housewife...
Joe Strickley
CRE Buyer's Broker
Is there such a thing? Any mentors out there? I want to make some investments, tried to put together a team of specialist CPA, attorney, and broker, but it fell at the first hurdle. It seems brokers just want to sell ...
Jeff Tumbarello
A historical overview of what may happen in the near term......
http://en.wikipedia.org/wiki/Franklin_D._Roosevelt
Franklin Delano Roosevelt (January 30, 1882 – April 12, 1945), often referred to by his initials FDR,
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Ayodeji Kuponiyi
Should I Buy a Negative Cash Flowing Property?
Many times on BP I've read "buy a cash flowing positive property". What about a negative cash flowing property? I've read that you make your money when you buy, does this apply to a negative cash flow property? I'm su...
David Beard
Anyone getting financing on <30K properties?
As a followup to another thread that was posted on getting bank financing on inexpensive SFRs (sporting caps of 24-36% and up).
Has anyone, anywhere, been able to get local bank or credit union financing (at least 5 ...
Michael G.
Seller wants to know...
So I have a seller who wants to know the answers to all these questions?
1) If you are not going to buy the house with your own cash why am I signing a contract with you?
2) I need to let my attorney review this con...