I have a client who's retired on social security with $1400 a month. He has a $250 mortgage payment on his current home. But not really any other debt, drives an old toyota, that type of guy. If they wanted to purchas...

Hello folks, My name is Michael and I'm a Mortgage Banker in Northern NJ. My company does Commercial and Residential origionation as well as hard money transactions utilizing our own funds... We also purchase a larg...

Hi BP I recently went to view a property on the south west side of Chicago little village and wanted some feed back on the analysis I ran for the property. Any advice is greatly appreciated.8bd/4bth legal 3 unit Unit ...

I am an experienced Commercial and Investment RE Banker currently living in Minnesota.  I have structured and financed hundreds of properties for others - and am now looking to begin to develop my own portfolio!  My p...

So I just listened to @Brandon Turner speak on "The One Thing" on the Ask BP podcast...great (yet very simple) concept and podcast episode by the way, be sure to check it out....and it led me to the conclusion that I ...

There's conflicting information about the "Correct" way to prorate rent.

At least some professional property managers state the correct way to prorate rent is based on a 30 day bankers month, regardless of how many a...

Hello BPs,I'm looking for a commercial banker contact who has worked with R.E. syndicators in W.Michigan.  A few points:-Seeking $250-$750k in total loan value-30-35% Down Payment-Ratio of 3x Rent Revenue / Mortgage -...

Hello everyone! My name is Pedro Ramirez from Jonesboro, Arkansas. I am currently a sophomore at Arkansas State University going for a bachelors in Finance while holding a part time job as a Customer Service Represent...

Can anyone share a banking manager/associate they work with who is familiar with land trusts?My bank has done it for me in the past but I bought this building with a partner for some reason their system will not let a...

Hi all,  I just signed up this week but have listed to this podcast and many others for the last year or so.  I'm a buy and hold investor in the northern twin cities suburbs which is where I live and work.  I currentl...