Joseph Weisenbloom
Current state of real estate lending - Covid19 Recession
Been a whirlwind few weeks here with everything going on. I wanted to ask the lenders out there and those investors looking for loans what is the current state of real estate lending? Rates are low but are lenders mak...
Geoff Antone
How is it going right now for Real Estate Agents?
Hello all, I'm a passive investor, my main business is in adjusting insurance claims as a public adjuster. The other day I had a Real Estate agent who referred a client very upset the claim was taking too long and was...
Mike A.
Problem with new tenant (Yonkers)
Interesting and puzzling problem with a brand new tenant. She had an agent, who's now avoiding my calls, and applied for one of my apartments. Income passed, verified her income with the employer, no issues. Credit wa...
Chris T.
Flipping to Buyer Using BOA LOC
I'm flipping a deal to an investor who is using a line of credit from Bank of America.
Should I expect anything different then a normal cash deal?
Valentine Antony
Hard Money Limits @ $100,000 due to Covid-19
Hi BP folks,
Just wondering if others are getting feedback from HM lenders you work with that are tightening up on their funding criteria. I target properties under $100,000 as a buy and hold investor. I have not rea...
Akash Y.
Ikea furniture for while house (4 bedroom)
just wondering if anybody has furnishee their entire home with Ikea furniture? I have a 4 bedroom house that I need to furnish and I'm looking for the easiest way to do it. Was thinking of getting all Ikea furniture a...
Wesley Canhedo
Lender giving me problems with a cash-out refi - other options?
I'm 1 year in on a home with a 3.375% 30yr fixed mortgage, the property is worth about $480k and I have about $80k in equity.I was planning on doing some major renovations and an addition which would bring the value u...
N/A N/A
Yes or No???
Asking Price: $319,000
Potential Purchase Price: $277,000
After Repair Value: $365,000
Repaire Value: $5,000
Equity/Spread: $83,000
Assignment Fee: $5,000
David Hall
Partners and Lenders
I have the best problem! I have more deals than I have funding. I am looking to find partners on fix and flip and BRRRR projects. Our operation is in the great Lansing Michigan market, I have a team of licensed agen...
Paul M.
Umbrella insurance in 2019 and 2020
My employer has 25 buildings, and the umbrella insurance renewal thhis spring is a 55% increase. Our broker has told us the umbrella market has tightened considerably due to poor loss experiences for residential an...