Ryan O.
Proof of Funds POF Flip
I am very close to starting to submit offers on REOs that I intend on rehabbing. I have an investor willing to put up cash for for the purchase and rehab of said properties.
My question is how do I go about submit...
Corey Westermann
Losing deals without proof of funds
Hi BPers,I'm still relatively new and could use some advice regarding getting properties under contract. To this point I've purchased 3 rentals using conventional financing and large down payments. My goal is to conti...
Timothy Taylor
Chicago Zoning Change Completed, Next Steps?
Hello,I have a property that was a RS3 that we converted to a RT4 where city council passed the ordinance/zoning change at the December 2023 meeting. Prior to this zoning change we gut rehabbed the 3 unit property al...
Mike Healey
Income Requirements for Tenant Criteria
I am in the process of going through the tenant application/screening process for the first time. Currently I'm writing up some selection criteria and came across a question on income requirements. I went with the sta...
Ashish Brar
Cleveland 4 unit Property tax tripled
Hello BP Folks,I have been recently hit by a complaint from the school board in cuyahoga county for my 4 unit rental property for an increase in property tax from 51k value to 173k valuation. I have the counter compla...
Brian Gibbons
News from CFPB re: Foreclosures and Pre Foreclosures
CONSUMER FINANCIAL PROTECTION BUREAU EXPANDS FORECLOSURE PROTECTIONSUpdated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original BorrowersWashington, D.C. – The Consu...
Nic Bernal
Lender has been dragging since November. Seller is pulling out.
Hi, I began my house purchasing process with SEFCU, a local bank in Albany, NY. I was going through the SONYMA program, and my LO was supposedly experienced and versed in the program. This is a program that is low dow...
Prince Martinez
Confusion on adding units to MR2/multi family residential
I have looked into a multi family home in Dekalb County Ga. I was conservative in my deal analysis on this property. My main concern is being able to take the two largest units and essentially build a wall in the midd...
Chris Platis
Covid Eviction Process Help (Upstate NY)
Tenant is 4 months behind on rent and has stayed beyond Notice of Non-Renewal of Lease
Tenant was served a NON-RENEWAL OF LEASE 3 months ago, followed by a certified mail 14-DAY PAY OR VACATE NOTICE, which prompted t...
Sean S.
Roof Warranty Issues
Hi Guys,I recently purchased a property. A tree fell on the roof in 2018 and it was replaced via an insurance claim. The seller used a public insurance adjuster who hired and oversaw the replacement. It came with a 10...