Jae Kim
Property Taxes After Acquisition of Retail Commercial
Hello - I'm looking at a commercial retail deal where the real property taxes shown on the operating expenses are super low in comparison to the purchase price of the building. I know after the purchase, the tax expe...
Lauren Daly
What do you do when a tenant covers expenses?
We have a tenant who has a background in construction who moved in to our A class property about a month ago. He discovered a problem with the light fixture in the entry way and has offered to replace it with a simila...
Marcus Johnson
Is it good time to invest in Assisted Living Facilities?
Hey BP,I'm here to get you guys opinion on if ALF's are a better investment than multi Family properties .. From my experience I'm starting to see better returns with these types of Investments .. Is there any ALF or ...
Sharad M.
Somethings I have learned in last few weeks
Hello all,
It's been busy last 5-6 weeks getting rehab done on couple of my multi-units and getting them rented out. It's been a great learning experience. I just thought I share with the group some of the things I l...
Derrick Small
Stay away from this hard lender, Flip and Fast Loans, LLC, they will scam you
FYI , Stay away from FLIP AND FAST LOANS LLC. On the initial phone call they will approve you for 100% closing cost & 100% rehab, tell you they need a fully refundable $2,000 commitment fee wired that day and it w...
Juan S.
Combining Conventional and Owner Financing
How it going BP,Is it possible to combine a conventional mortgage and seller financing at closing, will banks go for that? Back story.I found a deal on a single family home that has a garage apartment that could be r...
Meher Bandela
Is it legal to reject an applicant due to a late move-in date?
Hi,I'm a first-time landlord in NJ. I advertised my rental property as available from April 1. I accepted an application from a prospective tenant who, after submitting the application and paying for the credit histor...
Joe Kelepolo
Large Multi-Unit property financing
I have owned rentals and flipped a few houses, but when it comes to large multi-unit properties I have zero experience. What should I expect the process to be like if I were to buy a multi-unit property for example a...
Abad Marroquin
An incident just days before closing
I am in the process of buying an apartment. We are supposed to close in 2 weeks. Today, while I was speaking with a property manager who is a candidate to manage this property, he told me that there was an incident in...
Javier Rosales
Financial terms with contractors
How I pay my contractors? Do I have the PML fund escrow, and have escrow cut the check for the amount needed?