Andreea Chidu
Must haves (and must nots) in a rental renovation?
I am about to purchase my first single-family rental property, and it will need some work to be rent-ready. I am planning the reno now to be ready for when it's time to get to work, and I keep flip flopping on what to...
Drew A.
Duplex sale. Buyer won't release escrow. Broke contact. Holdover
I sold my duplex a couple of weeks ago. I had to wait until my sale closed in order to close. I asked to extend the closing date with the buyers originally, but they refused stating that they were concerned with los...
Damien Clark
Kitchen layout problem - Any ideas?
First allow me to introduce myself. I had been researching rehabbing for a number of years now and when I cam across BP started listening to all of their podcast because I spend a lot of time on the road. I finally...
James Carlson
Airbnb investment property in Denver, Colorado
I want to shout out a client of mine -- Stephen Rozo -- who's crushing it with an Airbnb investment property in Denver that he bought this summer. His goal is to move to Denver at some point in the next few years, but...
John Schaffer
Need help structuring seller finance deal
Hey BP,So my grandparents have been trying to sell there house for a few months now. There is no mortgage on the property. They have already moved out and are living with my aunt and uncle in an in-law suite. The hous...
Darius Ogloza
Hard Money Loans based on After Repaired Value
I would be grateful if anyone could shed light on the process hard money lenders typically go through to establish the after repair value of a property when ARV is the basis for the contemplated loan. How long a dili...
Daniella Steinberg
Financing via LLC or Personal - First purchase
Hi - wondering the pros and cons of payment terms for a first purchase.
Interest rates are so low, that financing is ideal. But how does one gain financing for an LLC property for the first purchase? If I buy with c...
Erik B.
Inheriting Tenants No Lease - How To Protect Myself
So I am closing on a triplex this Friday. I would occupy one unit and inheriting two tenants. Per our purchase agreement with seller, there are no written leases, both month-to-month, and no security deposits.What hap...
Reuben Dacher-Shapiro
Closing a House with Tenants in place New York
BP community, What steps do you take to verify tenants are current on rent? In light of COVID and the extension of the NY moratorium on rent I am concerned with closing on a property with tenants in place. And as a g...
Leo Poon
Is there a portfolio lender that will do 100% cash out on day 1
Hi people, is there any portfolio lender that will do a 100% cash out on day 1 if the property was purchased with cash?