My contractor is not giving me the permit documents for final approval. There is still work pending,that he does not want to complete and is asking me to make the final payment in exchange for the documents. The perm...
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What are the rules with renting out your primary residence within 12 months?
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@Jon Holdman, would you recommend some type of "Partner Agreement"? is there something out there...general contract form a lay person could write up and have hold up in court? ps love this site!
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I have the following questions regarding a letter of intent.1. I heard that the bank requires tax returns to produce a letter of intent. Do they need anything else?2. What does the letter of intent entail? Does it sho...
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Hey there! I'm using disregarded LLCs to anonymize the owner of my rental properties. (The member/manager of my CA LLCs will be a WY LLC). However, I realize that if I'm hit with a judgement, I'll have to show the pla...
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Hi BP,I've applied for the new 5% down multifamily primary residence loan option for a 3-unit property, but keep getting denied at the Automated Underwriting System (AUS) stage. I have good credit (690), 24 months of ...
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Hey friends - I am looking for advice because I am trying to self generate for the first time ever, so I want to ask the community this:"What does it take/what are you looking for/what do you need to hear from a new L...
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hey guys! I've been trying to find an answer to my question everywhere, but I'm unsure where to look. I have an FHA loan in souther Indiana and I'm trying to rent out my house because I have moved for work. I'm not su...
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Looking for an attorney to draw up contract for a private lending situation - lender is in OR, borrower (me) and property are in GA. Simple mortgage style loan for a flip, (loan for a portion of total purchase/rehab c...
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Happy Thursday to everyone,
I need some information, hopefully somebody here can help me. I know that when you are investing on a multifamily or apartment building, when you apply for a loan in order for the banks t...