Lois S.
Promissory note payoff issue with title company
We are newbies to private lending. We gave an 'interest-only' promissory note to our borrower a few years ago. Now our borrower has refinanced through a mortgage company. The title company asked us for a payoff dema...
Willny Guifarro
Question about Fifth Ward, Houston Market
Hey fellow BP members,
I'd like some advice on a wholesale deal I just got under contract.
What exactly are landlords in this area going after in terms of cap rate ?
I have a Quadplex in this area under contract an...
Kyle D Birch
Chicago Lender recommendations cash out/refi
Last July, my fiancé, now wife bought a 2 flat that was advertised as a SFH and the zoning certificate says SFH, but it was built as a two flat. 4 entrances, 2 baths, 2 kitchens, 2 furnaces two 1960’s mailbox slots in...
Vikram C.
Is Texas as cheap as it seems?
While doing the due diligence for an apartment building in Texas I noticed that the property tax rate was quite high compared to many other states. I understand the state has no income tax, but that's not relevant to...
Masroor Ahmed
First LOI
Hey BP folks - I'm a new investor and need some help getting over the challenge of getting deal number one.While there's a ton written about due diligence check lists / process, I'd like some advice on pre-LOI diligen...
Eli M.
Construction questions for Philadelphia investors
Hello dear BP members !!!I am about to hire a contractor and start my renovations, in my one family investment property. So, i have few questions here: 1. what is the normal rate to pay to a construction worker per da...
Jeff Matsuda
La Crescenta, CA Rental Market
Hi Folks. A general question about a specific market; how strong is the SFH and multifamily rental market in La Crescenta, CA? Any ideas on what's the most sought-after attributes for SFH (bedrooms/bathrooms) in the...
Ryan Nolan
Should you replace an old A/C on a flip?
Hey guys, I have a fix and flip deal I am working on and I’m torn as to if I should replace the A/C. It is fully functioning but is very old.
Terrence Evans
LA investor seeking to enter ATL rental market
Hi everyone,I am looking over the short term to "come home" (so to speak) to get a couple of rentals. I am originally from the A - S. Dekalb to be more precise, but lived in LA for some time now. So right now I am s...
Danny Shore
closing costs & settlement costs
"When you receive a Good Faith Estimate, these are "estimates" of what your closing costs will be. The reason these are estimates, is the actual costs will vary slightly. There are several unknowns on a purchae transa...