How does commercial underwrites calculate DSCR with no direct way to verify NOI? I want to purchase an off-market, single tenant, and vacant bank building but there is no rent roll. It was originally built by the ban...
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I sold/financed a home in 2011. Buyers filed ch 13 in 2012 and I received payments through the bk trustee. Their plan ended in June 2017, when I stopped receiving payments, but the bk was was not finalized until Feb 2...
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I was notified on Thursday 5/23 that the bank had requested my FHA Case ID# 3 days prior to the 3 year mark since my short sale. That in turn led to the bank determining that they were not able to finance a home loan ...
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I am looking into selling my STR in TX using "subject to the existing financing" while utilizing a 1031 exchange into a new investment in MN. Is that something that is even possible? If so, can additional funds be bro...
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I've had a property insured with American Modern for a number of years. In fact, most of my properties are insured by American Modern.
At a recent renewal for one of my properties, I got a cancellation notice from A...
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I did search BP on this topic. Apologies if I missed a thread! I am almost an expert in RE taxes and self file. Just currious re any unforeseen issues with foreclosing the note AND getting the property back with F...
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Went into escrow on our very first NNN property this week. Documentation is starting to roll in as part of our Due Diligence period and Received the lease documentation today and it says "Security Deposit: None". Is i...
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Hi, I have nice 3/2 house just outside of Birmingham in a great neighborhood. The ordinance requires 90 days or more to not fall within their short term rental ban. I have other medium term rentals in TX that tend to ...
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We have several projects in DC that we need to dig out our basement. Most basements in DC are too low to get legal heights. I'm looking for some rule of thumb numbers to understand the costs.Price LF Footings:Price...
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Fellow BPers,I recently updated my rental unit and placed it on the rental market January 6th. It is posted on the majority of the larger online rental sites, Zillow, Hotpads, Trulia, Cozy,etc, as well as a "For Rent"...