Kyle Smith
Adding a an ADU to a small house.
Hi, if one was to add a second unit to a small home and convert it to a duplex. Let’s say the addition was 900 square feet. Any estimated range of how much this would cost? Thank you in advance!
Greg Franck
Commercial Debt Strategy
We are to the point in our investment career to which we will need to use a commercial loan product or private money to acquire our next property. I have built a great relationship over the years with a Regional bank ...
Frank Y.
Borrower change from LLC to C-Corp impact on current mortgage
Hello all: We lent money to a LLC (two members) last month, and now the LLC wants to change its structure to C-Corp. What impact do we have to our current Mortgage and Note, or what do we (private lender) need to do? ...
Jose Falconett
Pre-approving hard inquiry affects on credit
A lot of forums and even a local agent I spoke to said that i should find out what I can finance before I utilize the agents service of scouting a deal. This makes sense, so upon questioning whether or not the mortgag...
Aaron Moyer
STR - central CO, Solar and water question
Hi BP folks! I’m new to the STR game, have a question about a property in a desirable part of CO for rentals. How negatively will a property that is on Solar with a generator and on cistern water affect bookings? Assu...
Jose Miguel rodriguez
Encroachment into easement
Hello all, I will be closing on a SFH this week near downtown Holly Springs, NC. I received the property survey about a week ago and found out the house (and HVAC units) encroaches approx. 2’ into a drainage easement...
Nancy D.
Landlord and Tenant agreements after ownership changes into LLC
Hi,I'm considering deeding my investment properties into individual land trusts, and then assigning my beneficial interest in the land trusts to individual LLCs to provide asset protection. My real estate attorney ha...
John Huber
Legal Entity for Vacation Rental?
Hi everyone,I'm considering buying my first investment property - a condo in Utah in order to use as a short term vacation rental (and also a place where my family and I can go on vacations when not occupied). I thin...
Patrick Diamond
Property used as commercial B&B. Can new owners get resi mrtg?
Hello BP:I have an interesting situation.8 years ago, a residential property was purchased by my client and converted to a bed & breakfast and has been functioning as one since.Client now wants to sell, and, due t...
Michael Kretch
Pros/Cons of PAL (Pledged Asset Line of Credit)
Hello,I'm currently in the process of applying for a PAL. Basically, it is a revolving line of credit secured by cash and securities in a brokerage account. The line can be used for non-securities purchases, such as...