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Hi BP! Looking for advice on my first deal. I'm going to be using an FHA loan for my first deal which will obviously require PMI on top of my reserves for vacancy, repairs, and CapEx. I'm wondering how many or if any ...
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Hey BP Community,I'm trying to figure out how much cash I'll need to raise in order to obtain a commercial loan and be able to close on a light value add property. He is roughly what I've come up with but would like ...
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how you do pay your GC? If the GC requires a deposit and the HML only pays after work is completed (completely makes sense) does the deposit come out of pocket? Also, I read a few times that your quotes from GC’s need...
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Hey friends! I'm pretty new to this and forums in general so I will try to keep it short and to the point. One year ago I purchased a duplex, my wife and I live in one half and we rent out the other. When we purchased...
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We have an on market wholesale deal with an addendum for closing to be yesterday, that was signed by all parties. Unfortunately the seller was set on a specific title company, as was the buyer for a different title co...
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Whats the best way to finance for a commercial property? I'd like to get a fixed rate over 30 years but rates are around 8-9%. Is there any other way to finance a commercial property to get a lower rate?
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Hello All,I am new to the Real Estate game with only a single duplex under my belt. Until I am ready to pursue my next property I continually practice property analysis on the MLS listings. Majority of the properties ...
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I bought a house in Tacoma, Washington in February of 2006, the height of the housing bubble when I was 24 years old. Long story short, I lost my job in 2012 and had to stop paying the mortgage. I went 5 years witho...
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When my tenant's 1 year lease expires, I gave that tenant the option to re-new it with another 1 year lease at a higher rent.But, the tenant wants to use part of their security deposit to pay for that rent increase. W...