Bob Malecki
Dodd Frank and balloon payments using contract for deed & LLC
According to the article linked below, Individuals and Trusts that seller finance one property or less per year (to an owner occupant) can implement a balloon payment. http://www.biggerpockets.com/renewsblog/2014/01/1...
Eric Williams
Contractor did not finish Job - Contract
I have a contractor that did not finish the job on a rehab I am doing for one of my rentals. I am not going to pay him the final draw of about $5K. Is there a contract that you generally try to get a contractor to s...
Kobi Nagar
Fix & Hold Deal in New York City
Investment Info:
Other buy & hold investment in Brooklyn.
Purchase price: $700,000
Cash invested: $120,000
Mixed Used property.in ocean hill in Brooklyn NY.
3 residential and one store. It was an...
Jameson Tanner
New Build Final Walkthrough
Hi fellow BPers. I need some help. I have a final walkthrough with a new condo that we are purchasing and I’ve never done a final walkthrough on a property since this is our first rodeo. I understand that I need to be...
Rashad Ellis
Who is responsible for Certificate of occupancy?
Buying a 3 unit im NJ using 203k loan. Deal is finally in preclosing department and we're anticipating a closing date. All of a sudden, my attorney and realtor notify me that the previous temporary Certificate of occ...
Christopher Hough
Watermark Home Loans Not Returning Calls/Emails
Good Evening,My significant other and I are in the process of trying to finalize a cash out refi with Watermark Home Loans and out of nowhere - the communication with the MLO came to a screeching halt. His last email ...
Haylie Saler
Help with the rental calculator
How come in the final analysis with the rental calculator, the chart shows that in year 30 the profit when sold is way higher than the actual value of the property?
Craig Mitchell
Mortgage/Student Loan Q
After looking around the internet for information about real estate investing I finally stumbled across this site, and I have been very happy with what I've found here.
However, I have a question that I haven't seen ...
James Bowerman
First Investment Property Under Contract in Maryland
After several months of preparation and searching I've finally got my first property under contract. My goal is to rehab and flip the property within 3 months. Any feedback would be greatly appreciated. Here are the p...
Eamon Conheady
Do not use this lender!
I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan. Was given the contact info for:American Money Loan Services and the person’s name, Tom Vanderlaan...