Account Closed
Landlord changing mind?
hi all! I just applied to and was offered an apartment. I received the lease agreement Friday morning. I replied asking if they would accept a slightly lower security deposit and also inquiring about when and how to m...
Ody Orad
First Time Home Buyer - Does a new cc affect mortgage application?
Quick question as a first time home buyer, I currently applied for a new credit card and I am looking to buy a house very soon (within the next 3 months). Before this new CC, I had a credit score over 700, will this ...
Tristan Romero
Getting Loan for first multifamily property to house hack
What is the typical down payment requirement for a duplex that I would be living in? I have called multiple banks and there have been no offers to use an FHA loan on a multi unit property. And the minimum downpayment ...
Shital Thakkar
Commercial Real Estate agent represent buyer
Hi,Is it required to have commercial RE agent represent buyer?How can investor find good real estate agent who can find property and represent buyer?
James Higashino
Property In Michigan Question
I have a property im looking to purchase but do not know if it’s right. Looking for some advice.the property is in an, “okay” area. The bottom half is rented out of the duplex but the top is not. The problem I run int...
Will Poon
Should first purchase be the safest in (terms of financial risk)?
Hi BP! - I am going to start my RE journey in a few months. What is your opinion on the first purchase being the safest in terms of financial risk? For example lower risk A-B neighborhoods vs buying in a higher risk C...
Bob Hines
Need experienced short sale advice
I've focused on REO and have never done a short sale. So with no experience, I would like to ask those that have been involved with short sales about how they generally work.
Details: 2 family home in a good area ...
Alex Etlin
Property taxes in Cuyahoga County
Doing du diligence on a duplex in Garfield Heights listed for 135$. The overall tax is 4.3%. The last appraisal for tax is 71K (so about $3K/year). My question is, when the county does the next appraisal in 2024, what...
Nick B.
Underwriting expenses and a management company
Hello BP,I recently analyzed a couple of apartment deals and asked two PM companies to estimate expenses on these properties. The numbers were different, of course, so here is the question:If I use a higher number in ...
Steve Sorensen
Seller Financing Examples
I have a seller financing opportunity that I'd like to pursue. I'm looking for some examples of terms that have worked for people:
Any down payment?Interest rate on the loan?Term (years) of the loan?Any other terms I...