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Hey Everyone,
I am working on buying a short sale right now, and was informed that the bank will probably refuse to pay me a commission as a buyer's agent because I am also the buyer. I am a new agent, so I haven't ...
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Cook county ILI know couple of investors/rehabbers who need short term financing and have free and clear properties. I will prepare a simple loan agreement (and release) that I can record, once they sell the house, I...
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There was a thread on the board by @Nancy Neville on the general topic of 1099misc. Apparently it got zapped somehow by the moderators as I can't now find it anymore. I do have a side-question related to that topic ...
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I am invested in a syndication as a limited partner. The property is an apartment complex in the South. It has been struggling for several years now. Distributions were halted before COVID hit and then COVID brought m...
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Notice to all Landlords using or considering Apartments.com (previously Cozy):I received notice today that one of my previous tenants (who moved out 6 months ago with an unpaid balance of over $8K) disputed a payment ...
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I apologize if this topic has already been covered but I am in need of someone to help me cross the finish line. The concepts of seller financing are covered very well and I have also received several different versio...
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My mentor taught me to calculate the CoC with the interest only payments of the loan (not principal reduction). Now a friend of mine said it should include principal part of the payments on the CoC. Since commercial l...
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"A New Year’s banger at an Ohio Airbnb, meant to be the party to kick off 2018, turned into a nightmare when the host lost control and police officers from five departments were forced to shut down the celebration whi...
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Hello BP colleagues,Looking for some guidance/advice here. My sister recently purchased a 2 family home with a 5% down conventional financing loan on 9/8/2017 for 304k. She then proceeded with a full gut renovation wh...
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I recently received my SBA relief loan, and was reading through the terms. The loan is to be used for working capital, and i have some questions as to how far the use could really reach. Does anybody know if the loan,...