Matt Hatton
Cold calling - question response
I just finished skip tracing my first list of home owners but before i call i was wondering does anyone know a good response to the question “how did you get my number?” Should i just Be honest and say i skip traced it?
Thomas Smith
Quadruplex that doesn’t meet 1 percent rule
Hi all,I found a quadruplex that I could probably get for 400K. Based on the self reported rental income, it generates 37.5k per year or 3125 per month. Based on this it does not hit the 1 percent rule but I feel like...
Keaton Lynn
Value add using tiny homes to Multifamily
Has anyone used tiny homes to add to multifamily properties where zoning allows? Looking for any solutions around utilities specifically, and other great innovations you've used. Thanks!
Harman N.
Cash-Out Refi & HELOC on the Same Property (does order matter?)
Hi all,When taking out a cash-out refi and HELOC on the same property, does the order in which you take them out matter? I'd like to get a cash-out refi on my primary residence given mortgage rates continue to be low,...
Sydnie E.
Real Estate Finaning Franchise
Hello BP,I’m currently researching possible franchises in the real estate industry. I’ve come across a few that sound good stating they train you and give you access to a number of lenders. They even say completing th...
Shawn L.
Is a HELOC possible for a person with credit issues?
I've read that a score of at least 620 is desirable, sadly mine is slightly less than that. I also don't have strong income at the moment. So you're probably thinking why am I even posing this question. What I'm hopin...
Joe Gracyalny
Advice Needed : Water in Crawl Space - Buyer Backed Out
BP Community,My brother and I need your advice.We bought a house to flip a few months ago. We completed it and put it on the market and had an accepted buyer on the property. We had purchased the property with a raz...
Henry Kicera
Help with first deal please!
So I may have finally found a duplex that fits my parameters. However, my desire is to buy it in an LLC. I've been trying to get it set up for over a month but my attorney that I've hired is unacceptably slow. I'll st...
Chan K.
Building Inspector - Violation - Single Family - Shedrock Work
Hi Everyone, I just want to hear your point of view on the following violation scenario if asking me to pull a building permit is necessary.Lowell MassachusettsI got a letter from the building inspector stating that I...
Charles W.
Standard commercial lending terms
Hi all,
I've been trying to do my research into commercial lending terms. Based on all the threads on LLC vs operating in my own name I have decided it is probably best to operate under an LLC. Since as an LLC I cann...