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Investment Info:
Single-family residence private money loan investment.
Purchase price: $35,000
Cash invested: $135,000
Sale price: $375,000
These are the types of projects we love to fund. The ...
Hi, This is my first post on BP. One of my tenants at a single family rental I have just sent a request to my property management company stating that when she got home from work the front storm door glass was broke...
Hi BP members,I was faced with the problem of searching the property that meets my requirements. I'm looking for RE that shows cap rate >7.5% in good areas of a few MSA. Property is under contract whenever I am re...
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When initially engaging a private lender on a deal, what documents should be executed to:A- Get their commitmentB- Structure business arrangement/partnershipC- Transfer fundsD- transfer paymentsThank you in advance!
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I closed on my first 4 unit back in January. At closing, the sellers provided me with a 1 yr leak warranty, which I had requested after our inspection. Needless to say, found a few leaks that needed to be repaired. I ...
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I have a house under contract and after inspection the house is in great condition and meet the 1% rule. However, I have requested the seller to replace the water heater and the electric panel board. Seller accepted a...
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Hi,Would like to ask a few questions and discuss. I’m looking to connect with section 8 landlords. Please send me request or comment below.
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I’m working with a seller who was deeded the property from his Father before the Father was inflicted with Alzheimer’s Disease. The Father also gave the Son Power of Attorney (POA) over his affairs. The Father wa...
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Hi all! We have a rental property that will soon be up for rent. I have not yet posted the property for rent but we have gotten requests for information from people in the area. My current neighbor rents the house nex...
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Hi BPs!I need your feedback on this. So I've applied for a mortgage loan. The investment property is in Illinois, a 3/2 house. It appears that I've passed all the requirements from the underwriter except for one th...