Michael L.
Rehab edumacation time🤣
Great Afternonn BP Fam! I've heard many approaches and I presume there is no right or wrong but I'd like some more feedback if yall don't mind chiming in;
1, Do you give your contractor a % to start the work, and if ...
Hana Mori
Is my first DSCR loan experience normal?
My first DSCR loan experience was unexpected. I'm looking for guidance from this community. Is my experience normal?
I was given the loan terms verbally from a DSCR loan broker out in California for a cash-out refina...
Kush Khandelwal
Builder (LGI Homes) will not refund $5000 security deposit
I was in contract to buy a SFR property in Charlotte, North Carolina and had paid a $5K earnest money deposit. This was back in February 2021. Now sometime in June, I heard from their agent that the SFR was nearing co...
Mary Jay
What is the proper way to deal with the security dep notice if no forwarding address?
The tenant broke the lease and moved out and left a mess
I sent the message that the secutity deposit is not enough to cover the expenses after the tenant moved out to the last known address of the tenant (which is m...
Jerome S.
Cash-Out Refi Unknown Delay in Wire Transfer
Hi All,We just closed a week ago (Monday 10/04), signing that day, on a Cash-out refi with no current mortgage on the investment property. I was told it would be Friday of that week when I may see the Wire of funds t...
Glenn Willeford
Cash on Cash Return
Does the COCR change over time or is that relevant? For instance, if it is determined that the COCR is 20% before purchase and rents are increased during year 2 and the COCR increases by 5%, is that relevant and shoul...
Lupe Santiago
Forms needed for Non-traditional Mortgage Origination
Hello! Kind of a simple question here so maybe someone can help me answer it. If a broker brings me a loan for an interest-only, short-term note that balloons, which forms does that broker need to provide to me, the o...
Ricardo P.
Tenant vacated unit without proper notice (California)
An inherited Tenant of mine failed to give me a written 30day notice to vacate the property. She was a tenant who was on a month to month lease agreement. She turned over her keys on March 5. On top of that She is req...
Jessica Bennett
Looking for advice from landlords about a security deposit issue
Hi Bigger Pockets. I am a small-time real estate investor, but this question is in regards to my experience with my primary residence. I am looking for some advice on my situation from property managers to make sure I...
Alfredo O.
Fha Loans
We are about to sell our fist home and I am hearing if the buyer is using fha, the seller need their house in their name for 3 months. Is that correct?
Also, can I really Not sell the house over a certain percent ab...