I have an applicant who claims to be a teacher in NYC. I've seen pay stubs and one month of bank statements. I have never seen an employer make 4 different payroll deposits in a month. The deposit dates make little se...

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $335,000

Cash invested: $92,000

Four-plex, nice neighborhood

What made you interested in investing...

I would love to hear from others how their short term rental management commissions are set up. The manager for my short term rental charges 30% of gross revenue. However, they include municipal taxes and fees as part...

Hey all,I'll try to keep this brief to start. We had to fire our GC on Friday and decided to take a deep breath and a couple of steps back and start from scratch. This means I'm calling contractors myself for all of t...

By searching the forum, I found J Scotts contractor SOW and Contract. I think it's pretty good and covers the basics. It also has a clause in there separating finishing materials purchases from contractor supplies, wh...

So i was watching this tv show on hgtv called "My House Is Worth What"?,and this guy bought a house for about 1 million dollars,he did few renovations and improvements and its value appreciated to 2.5 million dollars....

Hello BPers,I have a 4-plex in Blue Springs, MO (which is 15 miles East of Kansas City) & 1 of my units is up for rent. I have received 1 application, fairly solid though I have not done my due diligence. The dile...

My wife and I are first in line to acquire a profitable wedding venue in Illinois.  We need creative/quick financing on a $5mm property.  We have an NDA, LOI, and a contract, so no questions about the property please....

I was going over my P&S Agreement, and realized there is no section in there which would allow me to nullify the contract and get my earnest money back if I discovered the rental income was not what the RE agent h...

Hello, After going through all the pre qualifications and being told I could offer an amount on a property, my Mortgage broker is now saying I need to show more income. I’m worried because we are a week out from closi...