Henley H.
Property disclosure mandatory if selling 'as is'?
We have a home we're preparing to sell- it's essentially a flip that we've had for only a few months. We live in a state that generally requires a property disclosure, however, we would like to avoid it if possible a...
Slade S.
Confidence in ARV and refinance
Today I went to look at my first rental investment property. I am hoping to BRRRR. It is a cash flowing 2 unit multifamily building. The rent is $700 + $700 = $1400. I've estimated NOI to be around $11,000. Cost is $8...
Char Silk
Would you buy a rental in a flood zone?
Hi y’all ! I am looking at making an offer on a rental. List price at $57k. Offer $28,500. It’s in a flood zone. Should rent for $800. What do you all think?
Ishviyan D.
Sale price vs appraisal
If an appraisal comes in at a higher amount than the sale price, does the lender fund based on the appraised value or the sale price? E.g, sale price is $80000. Appraisal comes in at $100000. If the bank lends at 80% ...
Brian Davis
Finance term question
Hello BP. Is talking with a potential lender and I suspect a scam because the numbers just don't add up.I was provided this information:Loan Balance: $250,000.00Loan Interest Rate: 5.00%Loan Term: 25yearsNumbers of...
Jeremy Porter
Mastering Rental Property Finances: A Property Manager's Guide to Expense Tracking
Effective financial management is absolutely crucial for achieving success in the competitive and dynamic rental property business. Property managers hold a key position in the process, as they are responsible for ens...
Mala S.
NJ Mortgage Lender Recommendations?
I am in contract to purchase a multi-family home in Hudson County, New Jersey. Can anyone recommend a reliable mortgage lender? I am seeking a conventional mortgage but I need a reliable lender that can close quickly ...
Damian Spears
Short Term Rental Property Managing
I am considering starting a small business in which I manage short term rental properties for primary owners of Airbnb properties. This technique allows the primary owner to retain about 80-85% of their profit while m...
Jason Scott Miller
Subdividing Constructed Townhouses
Hi Everyone -I'm looking at a development in California of 10 constructed townhouses. I see a lot on subdividing land for development, but I can't find much information on subdividing properties that have already been...
Paul Burbank
2nd position note help
Hi BP. I am currently working on negotiating an off market deal to sell my primary residence 3 unit property in Saratoga Springs, NY. The potential buyer wants to give me a good price for the property but would like m...