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First Multifamily Investment - 9 Unit
Hello,I am currently under contract on a 9 unit apartment building in Green Lake, WI that includes a single family home that is a rental in addition to an 8 unit apartment complex.The tenant in the single family home ...
Adam Craig
Hard money question and how much closing costs to refinance?
I am using the purchase with hard money, rehab, rent, then refinance with commercial lender plan.My hard money lender charges 5 points on the first deal, 4 points on the second, 3 points on the third ect... Now that w...
Joshua D.
FRIDIE MAC Madness
So my wife and I have had our eye on a forclosure up the street, two weeks ago they reduced the price to 59,000 from 69,000. We though hmmmm... We better go look again. We did and decided to put in an offer on Monday ...
Max Weiss
RUBS/Submetering - El Paso Multifamily Purchase
Hi All,Looking to get some advise on a multifamily I am looking to purchase in El Paso Texas. Currently water gas and electric are all being paid by landlord. Cable is also being paid but that is separate. Rents seem ...
Jason L.
Higher or lower purchase price?
I am about to close on a property where a large amount of seller credit was negotiated with the purpose of buying discount points on the mortgage. The bank is only allowing a certain amount of seller credit to be fina...
Shelby Sample
HELOC in Dallas on Rental Property
Looking to buy a vacant home in Forney that needs significant repairs so I cant get a typical loan approved on home.i currently have 1 paid off rental property and was wondering if anyone knew of local banks that give...
Jacky Johnson
Neighbor dog lunging toward debilitated fence
I have a neighbor whose dog likes to bark and lunges toward a debilitated fence separating our property line. Currently, I'm placing long poles on the posts at an angle to support the fence. If one day the fence crump...
Ellie Perlman
Fighting COVID-19’s Impact on Multifamily Properties
I’d like to share with you what we’re doing with our properties to mitigate COVID-19’s impact on our properties, with the hope that you can use some of these ideas and strategies on your own properties. If you have ad...
Dan H.
California extends eviction moratorium through June 30
We have one tenant that we provided reduced rent (reduced to $2k from $2.6k) when impacted by Covid that applied for rental relief many months ago that we have not received a response (and mostly have given up on). T...
James Nosack
401k to Buy Down Loan and Refinance Duplex
Hi BP Family,I am kicking around the idea of drawing $20-25k from my 401k to buy down one of my loans on a duplex and refinance. I purchased the property on an FHA two years ago. Although it is possible that my apprai...