Konrad Lightner
Comparing Lenders for Best Deal
Hi All,What are some of the qualities that I should use to compare conventional lenders? A friend of mine, said to get these to compare.Good Faith EstimateInterest Rate APRBank FeesRight now my wife and I are on the ...
Michal Kasza
Converting a single into a 2 family a good idea?
Hello BP, fam! So I'm in the process of purchasing a single family in Massachusetts and would love to get any input on the topic of converting a single family into a 2 family. The home is about 1800 sq.ft both units w...
Austin Bright
Question on Property Taxes
I am a new investor. I'm looking at a property, asking price roughly 220K. The 2020 tax assessed value was 183K. If I buy this property at the asking price, will the 2021 taxed assessed value be 220K?
In general how ...
Jorge Vazquez
"Flipping This House" is full of crap!
Why Most People Think It’s Easy to Find Profitable Flips!
People assume that whatever information is readily available is common. This bias skews our perception of reality. If you watched a show about flipping houses...
Ramon Mota
What to do when dealing with family?
After the passing of a family member I inherited a property. The spouse was still living there and the property was under a prenuptial agreement. As we took over the property we had the spouse stay for an agreed 820 a...
Johnathon Kim
Seller financing question
Hey everyone,I'm looking to purchase my first rental property by the end of this year, but I don't qualify for traditional lending (I have a 750 credit score, but my last 2 years of tax returns look terrible). I'm thi...
Edgar Garnys
Exit Strategy for Multi-Family
Hello BP Community!
I am reviewing the performance for one of my multi-family investments and noticed that the yearly taxes are going up over 50% as the assessed value has gone up (most likely due to overall market a...
Brennen McConnell
Is it normal for hard money lenders to charge points up front?
I am talking to a few different hard money lenders to close on some properties that we will be doing a BRRRR on, and one of them is offering very attractive terms with 100% financing of both the purchase price and reh...
Jason Schiffner
Special Ops Vet from Graham WA Commercial Real Estate
I spent 10 years as a USAF Combat Controller (Special Operations) and loved every minute, but it was time to "come home". I've been out for a few months.
I've stumbled across some possible real estate investm...
Deepak Tripathy
Need help understanding CC&R covenant for homebouying
Hi Everyone,I have liked a Single Family home in Vallejo, CA and put in a contract. However I received the disclosures as well as the CC&R after sending the offer. I wanted to stay in the property and rent out aft...