Brandon Yuan
Legal budget for small apartment acquisition
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
Ryan Saulle
Conventional? Portfolio Lender? LLC? Planning ahead
Hey BP members!My brother and I are about to purchase our first flip property. We have the 20% down, is a conventional loan through a bank the best option putting it in one of our names? Is there a faster or better wa...
Jeff Seiff
Single Family Residential Buy and Hold (Exit?) Strategy
I'm hoping to brainstorm with some experts that might be able to enlighten me on some strategies that I am not familiar with, or maybe help a light bulb go off in my head. I currently own 6 residential single family ...
CK Hwang
HELOCs, any difference between banks?
Hey everyone, in the last few days I've been looking at getting a HELOC to fund a few deals coming up and I've talked to mortgage brokers at a few big banks like wells fargo and chase.
The HELOC products are ...
Nick D'Agostini
E&O Insurance for Mortgage Note Brokers
I called to confirmed that my current E&O insurance would cover me if I were to expand into brokering mortgage notes. But they could not wrap their heads around what the process was. All they were hearing was "MOR...
Hieu C. Nguyen
Help subdividing 10,000 sqft lot of 4.8 acre property to sell.
My primary residence is on 4.88 ac and located within OKC limits. I have a stone barn on my property. I want to split off and sell ~10,000 sqft of land that includes the barn to my brother so he can renovate it and li...
Tom Nellman
How much additional debt can u add to traditional mortgage?
Hi,I am interested in purchasing a rental property with a 30 yr mortgage. The rental property is $85,000. I also carry a personal loan of $277,000 that is on a 5 year note, has 3 1/2 yrs left. I have never missed a...
Brett Mason
Duplex and house hacking
Hey guys! I am saving up to purchase my first rental property. I should have enough for a down payment by the end of the year if everything goes accordingly. I have some questions that would really help me out if you ...
Ed Walker
Looking to do an owner financed deal!!
Good morning/ afternoon BP family,I have an owner finance deal that I am pursuing and would like the best course of action. Here is the deal:Property has an ARV of $250,000Purchase Price is $190,000Rehab: $5,000-8,000...
Patrick Sears
How much to put into a rehab?
Here’s the scenario:1940’s 4/2 $30,000 HUD home located in rapidly turning around inner city area with new construction homes going up all around it ($140-$180k range)If my plan is to BRRRR the home, would you go all ...