Kejia Tang
Buying property with tenant inside - what must seller disclose?
Hey guys, rookie investor here. I'm looking for my first investment property and several properties I've looked at come with a tenant in place. I'd like to know what the seller is obligated to disclose about the tenan...
Will Walker
My wife told me to quit my W2
1. Quit and put 40h/wk into wholesaling = uncapped potential/risky/unlendable
or
2. Grind out the W2 with security and lendability = drains my soulSKIP THE FIRST PARAGRAPH IF YOU'RE ON A TIME CRUNCH.3 SFRs, self ...
Jordan Decuir
Connecting with a Commercial Banker in Houston
So I just listened to @Brandon Turner speak on "The One Thing" on the Ask BP podcast...great (yet very simple) concept and podcast episode by the way, be sure to check it out....and it led me to the conclusion that I ...
Nick Louie
Going Under Contract While Seller is Renovating
Hi BP Community,I just offered on a property in Brooklyn, New York that is in the process of going through a full gut renovation and being flipped. The property is a two-family. It is off-market, so there is no compe...
Sharad M.
Seller financing question
Hello all,
I am negotiating a seller financing deal. The owner has no mortgage on the property. This will be my first seller financing deal, so I am a little confused. My questions are:
1) When I write up the agreem...
Michael Ablan
The FHA and USDA Anti-Flip Rule
Hey guys!I just wanted to write a quick post about the FHA/USDA flip rule. Somehow I had never heard of this before and kind of stumbled on the info while talking to my lender how some of the flips I'm doing (thank g...
Deanna McCormick
Is Bank Obligated to take our offer, we were 2nd highest offer, Ist buyer was disqualified?
We still want the house, we were told 1st buyer was disqualified. We resubmitted our offer and are waiting to hear. but is there anything more we can do? The bank put the house back on the market.
Marie Copul
Code enforcement officer visit after remodel
Anyone with experience dealing with code enforcement? The rehab is already done and the house is on the market. Showings are this week and open house is this weekend. Today I found a card in the door from a code enfor...
Douglas Andrew
1031 Exchange, 2 partner LLC, Into 2 Replacements, 1 Each Partner
Hi All! I have a question. My partner and I are seriously considering the sale of a multifamily investment property that is worth $8M, and has current mortgage of say $2.5M. I own 64% and he owns 36%.The original mor...
Jim Stardust
Financing a rental with 15 or 30 yr mtg?
It's my first rental property, can afford both 15 yr and 30 yr (with the appropriate down payment) financing. At 15 yr, I anticipate the property will be slightly cash-flow positive, with 30 yr, there's a lot more ca...