Hi All,
Was hoping to tap the groups expertise on explaining/guiding me on financing options. I'm looking to by a 4-plex property outside Pittsburgh for about $220K, and am confused about lending options.
I'm 41 an...
Correction: FDIC
http://www.fdic.gov/bank/individual/failed/silverstate.html
On September 5, 2008, Silver State Bank, Henderson, NV was closed by the Nevada Financial I...
The Commercial property itself for the most part qualifies for the loan vs. the fico score of the borrower with residential property.
You are able to obtain NON-recourse financing (not personally liable) for commerc...
I am trying to get an idea of a fair split for an apartment complex deal that is currently in negotiation. Without going into great detail, there are essentially two parties: the managing partners, and the money part...
I know that for some of you this will be elementary, but many on BP are not in finance. If you would have asked me a week ago (after hearing Chairman Powell's most recent comments) I would have bet that rates would co...
Question for those landlords operating in Maryland. I understand that the Maryland Security Deposit Law requires landlords who collect security deposits to deposit the funds collected, within 30 days of receipt, into...
The 30-year mortgage averaged 5.66% this week, which is up slightly from 5.55% a week ago, but could be moving higher over the next few months. The FED is doubling down on its quantitative tightening(QT) program start...
https://www.irs.gov/pub/irs-drop/reg-115420-18.pdf72 pages of guidelines!
Not sure if everyone saw this but Reuters had a big article yesterday on short sales.
http://www.reuters.com/article/bondsNews/idUSN3046464720091130
Some highlights:
1. Subordinate lien holders have a cap of $3...
Under contract to purchase a SFR - our first investment for long term buy and hold. The seller purchased the property via Treasury Dept Auction in 2016. The property had been seized by the government after the then ...