I had a borrower come to me with a request for a hard money loan this week. We are asset based lenders, so we lend primarily on the value of the property, and not on the ability of the borrower to pay us back. However...
Hello BP Members-I am working with a prominent short term Fix & Flipper based in Atlanta, GA who completes roughly 8-10 projects/month. He uses Hard Money for some projects but prefers Private Lenders if possible...
I have been analyzing houses for almost a year now. I understand the basics and really just need to dive in. One thing that has been a little confusing to me are the tax deductions. Off the top of my head, you can ...
Is it customary and legal to charge interest on delinquent rent and fees? In the lease provided with his book on managing rental property, @Brandon Turner, includes a clause requiring 18% interest per year on delinqu...
I own about 16 rental properties. From time to time, I consider selling a property and ask my CPA what he has as the cost basis so I can understand the tax ramifications. Then there's a long wait... Is there somewh...
I was wondering if anyone new the percentage range that banks want to receive from a foreclosure sale? For an example some banks want to make at least 84% of the list price. So on a home costing $199,900 that would ...
I'm currently house hacking (a duplex, with a tenant in the back unit and me and my family in the front unit) and looking to save the rental income towards my next down payment. I'd like to buy my next house to live i...
Given that its a matter of time before some or all of us will experience a late/missed rent, I wanted to go over the best strategy for dealing with tenants, that is reasonable, flexible, and allows for optimal rent co...
Does anyone have a apartment complex with a commercial loan? I have a 5-unit with a commercial loan, and I've asked my bank for a P&I 90 day mortgage forbearance. The best they are willing to do is a 3 month inter...
Regardless of your political views, I think this is a discussion worth having. It was briefly discussed on the last BP podcast, but I wanted to open this up to the community. Like him or not, Bernie has a lot of tract...