Hey! Anyone out there have experience buying mixed use properties in smaller towns? I'm specifically interested in "main street" properties with a downstairs retail space, upstairs apartment(s).
If you know of anyone...
My business partner just permitted his 10th ADU in Los Angeles (aka accessory dwelling unit / garage conversion / in law unit / granny flat / casita / tiny house). It's a legalization of an unpermitted garage conversi...
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
Mother passed away Feb. 9. On Feb. 12, I gave her tenants (now mine) 30 day notice to move (not knowing that California requires 60 days). Tenant has not paid Feb. rent yet, claiming that I do not have legal title...
Hey BP Community! I recently got a pre-approval back from a great mortgage lender but was a bit sticker shocked when it came back at 5.50%. I know rates have moved quick over the past few months and can vary amongst r...
Economic Update
(Monday, November 23, 2020)
When COVID-19 arrived, all of us were confronted with an unexpected pandemic that upended the plans we had for 2020. But the pandemic is only part of our story. Whe...
My insurance agent says I can require my tenants to have renter's insurance. I run a pretty tight ship as far paperwork and managing my properties, but this is one area I maybe failing in. I appreciate any thoughts here?
Hello! This is my first post here and I am excited to hear everyone's advice.My husband is graduating from medical school in Ohio. We thought we would be staying here for residency as well, but it turns out we have to...
Hi all-
I'm looking into purchasing mobile home parks here in South Carolina. How does one analyze these? Do you treat it as a commercial property and base things off gross and net operating income?
Thanks in ad...
Wow - Clark County NV has made source of income a protected class. According to the FAQ they provided, property owners are not allowed to say "two years of steady emplyment required". How will property owners handle...