Dylan F.
DSCR Loan Products for STR's
Hey all - wanted to see if anyone out there has used a DSCR loan for an STR. I have a few STR's all under conventional loans in my personal name (title is in LLC though), which is effecting my DTI/shows up on my credi...
Kirk Austin
Is the lien holder protected in a delinquent Tax Sale
I own an non performing note in Texas and received notice for collection of the delinquent taxes. I am in process of foreclosing on the property. My question; Is the lien holder protected if I let the property be so...
Tuan L.
Typical seller closing cost near Chicago
Hi BP community,Excluding the realtor commission, what is a typical closing cost for a 2,500 square feet house near Chicago (near Joliet to be specific)? I read on a website and it mentions Real Estate Tax Prorations:...
Kimberly Garrido
Good HELOC company in Arizona
Hello everyone, I was hoping you all could help me to find a good HELOC company to go through either local in Arizona or maybe just in general if it doesn’t matter where. If you all could also share anything that woul...
Kristina Nutt
Pre-approved spending for property managers
What is a good amount to pre approve for a property manager for spending? What about emergencies?I'm new to investing in rentals.
Elaine E.
Listing Agent Missed Capital Fee on the HOA Disclosure
We are under contract, but the listing agent did not disclose the Working Capital Fee in the HOA Disclosure. The cost is $851. Can we hold them responsible? This is one of several mis-represented or negligent disclos...
Penny I.
Marketing Costs
Hello BP Nation,For a small (8 homes) luxury development, would a fair ballpark percentage for soft costs be 18%? And, what is fair percentage for marketing a luxury product? This is for initial analysis of a potentia...
Shawn S.
Property Tax Reductions?
What is the typical process for requesting a reduction in property tax? Is this based on the value of the home, the price paid for a home, or what exactly? The property in question is in Missouri if that helps an...
Jon Blackburn
How do banks calculate NOI mid-year?
For the purposes of financing a commercial multi family property in August, how would a bank typically calculate current NOI? Would they look at trailing 12 months? Or take 2019 since it’s the most current full year? ...
Colet Coke
Multifamily Conventional Loan under 15% DP
Hello everyone,I am looking to take advantage of a grant program to purchase my house. However, with this program, a conventional loan is required. I was told that with multifamily properties, a minimal of 15% down pa...