Cortez Wilson
Rental Lease Renewal
Hello,I have a property that’s currently being managed by a management company. My tenants lease ends next month and I don’t plan on renewing with the management company. Can I just send my tenant a Rental Lease Exte...
Karen L.
Basics of real estate calculations
HelloI'm reading Frank Gallinelli's book. It's pretty detailed. Is there an additional book that is a bit shorter and really breaks down the math behind real estate?
Stephen Jones
Enlighten me- Federal funds for a multifamily purchase
Hello All,
I'm in need of a little explanation and advice on acquiring federal funds for a 30 unit multifamily purchase in the Midwest area. The apartment complex I'm buying is an old school that was converted into...
Adrian N.
When did BP become so user, UN-friendly?
The ONE time I wanted to use BP, after paying to be a PRO for the last 3 years, and they take down my post and label it as an advertisement? All I did was ask who is a wholesaler in a certain area that I am currently ...
Jon Lopez
TIC ( tenant in common)
Has anyone here had experienced purchaing a multi family with an LLC and with an individual as a TIC? Does the LLC and the indivudual's name must be on the purchase agreement? Anyone advice from anyone who has exper...
Taron R Colenburg Jr
Getting properties under contract
So from my understanding, you find a house in distress or a motivated seller, you estimate the repair costs, and according to those numbers you negotiate an under market price to purchase their home "as is". Once the ...
Erik Stewart
Can husband/wife have individual FHA loans?
Hello,Just wondering if anyone knows this answer. I can't seem to find it online. If I have an FHA loan for the house I own, can my fiance get her own after we get married? Or will she lose the option by getting marri...
Tim Lewis
Finding a Loan for Second Mortgage
Hi folks. I’m looking to rent out my current home and move into a duplex and rent out the other side. I was wondering if any of you know of lenders who are willing to do that kind of loan in the Dallas-Fort Worth area?
Marquis Bourne
Trying to close out my first deal!
Hello sorry for not having a picture “emergency question”
I am in the process of buying a multi Family unit in Philadelphia (triplex 9 bedrooms). The sellers agreement has been signed, money for down payment, inspec...
Michael Keane
Cash-Out Refi Calculation on Investment Property (Duplex)
Hello BP Community!
Looking for an assist on calculating cash-out refi:Purchase Price: 260,000
Down (25%): 65,000
Remaining Balance on Loan: 193,000
Total Rehab Cost (both units): 60,000
Projected Appraised Valu...