Simo Lachgar
Collateral on investment properties
Is it ok for a direct lender/bank to ask for an equity on a property I already own as a collateral for an investment property even with 25% down?Thanks
Nat C.
Important questions to ask a general contractor?
I'm about to hire a GC for a 100K job. I've been burnt many times dealing with contractors and I'd like to avoid it happening again.What are the questions I need to ask before signing a contract? These are what I've c...
Brandon Riley
Thoughts on structuring this deal
A elderly member of my extended family (Dad's step-father - I don't know him) has a Single Family home in Mesa, AZ. The house is probably worth in the neighborhood of $175-180k post rehab. The house is in very rough s...
Bruce C.
ReFi referral for 5+ unit?
Anyone have any suggestions for someone that will ReFi a 5+ small apartment based on rental income? Found an interesting place in Pasadena that needs some work and am trying to figure out the post rehab part.
Danny N.
REO Tax implications & Attorneys' fees
I'm new to BP and to RE Investing.I'm looking to get into REO Flipping, but have a few questions I'd like to ask those that have experience in this area:
(1) What are the tax implications of doing a double close ? s...
Ryan Letzeiser
Instant Landlord Policy
We have been working diligently over the last 6 months to get a reinsurance carrier to back us in an instant product for landlords (Questionnaire to sign/bind/pay in 5 min or less) and I wanted to gauge everyones inte...
Kevin Peterson
First Time Buyer - Opinions Needed
I am interested in a property that already has an inspection done by the seller. The seller will not allow me to get my own inspection in order not to disrupt existing tenants but has come down on selling price. Is th...
Stephen Roesler
Monthly Affordability Advice
So I would love some insight about leveraging responsibly. A little background on the situation - last week a short sale was listed on the market in my area. Initial impressions and listed price were of great interest...
Allen Osborn
Using previous sales amount for offering price
Looking at buying a small multifamily, this will be my first rental property. As I have investigated properties over the years I always like to look at the county GIS information, which is almost always available onl...
Jimmy Chao
Background check per each adult applicant?
should I ask for an individual background check per adult applicant that will be on the lease? Or just one of the adult applicants? I don’t want this to be unnecessarily burdensome for applicants. Sometimes there’s up...