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Results (2044)
Reggie Rearden Commercial financing / LOC
15 April 2020 | 6 replies

I having a hard time with the lender I chose to use for a commercial refi and a portfolio loan. We started the application on Feb 14 and still do not have a closing date. How long does something like this usually take...

Johnny Alvarez Inheriting Tenant on first purchase
21 December 2020 | 14 replies

Hello BP,
Finally did it. Pulled the trigger and now I am 5 days from closing on my first property! It is a duplex in Chicago, with a long term tenant already occupying one of the units. The tenant has been there for...

Marc D. Is there a pitch limit for roll roofing?
30 May 2013 | 3 replies

I would think as long as there is some pitch, roll would be OK, but is there building code rules that say no?

Posted with my BP Reader app

Christopher Bell Tax Loop Hole for employer to pay mortgage?
22 December 2020 | 2 replies

Is it legal for instead of my company paying me a bonus to instead take what they would have paid me and pay off my mortgage debt? Is this technically taxable or does this avoid the income tax?

Noam Ofan Security Deposit Money To Cover Repairs?
10 March 2019 | 9 replies

I have a rental that's been rented out for about 4 years to the same tenants. At this point they are month-to-month and I only need 30-day notice to ask them to move. I'm planning to ask them to move out soon because ...

Hardik Joshi While purchasing multi-family property, at what stage lease agreements are updated?
1 August 2023 | 6 replies

I am in process of buying one property and wanted to understand how lease agreements are transferred (or have owner name updated). Does escrow handle that along with holding rents/deposits etc? or it need to be clearl...

Randall E Collins Who is the beneficiary and/or owner of an escrow account?
25 October 2021 | 4 replies

I have an odd question, hopefully some one knows the answer. Purchase and Sale agreement, buyer is to pay all closing cost. No title company, no attorney, no realtor. The buyer placed the earnest deposit into an overs...

Jason Leggett Subject to / seller financing hybrid
12 February 2024 | 5 replies

How do I structure a deal if I want to do seller financing but the seller has a mortgage.  I've seen 1 post talking about subject to and seller financing hybrid but it doesn't explain or break it down.  Ex.  Seller st...

Jeff Ju Request for a payoff and reconveyance
22 March 2018 | 6 replies

Hi all - I did a search here but couldn't find a consistent answer. Hoping for one here. Situation: This is my first time lending money. It is a first position note for 12 months to a borrower who paid 6 months of int...

Jason Cummins Generally, what do sellers pay at closing?
8 April 2008 | 8 replies

On a general basis on the retail level, what does a seller pay for at closing? I've heard it's usually around 1 - 1.5%, but what exactly is the seller generally paying for at a closing?

Thanks!