Joshua Lyon
$25,000 in EMD wire fraud
I’m a realtor and investor in the Orlando area. We put a 5 unit property under contract, did our inspection and requested the wire instructions. The listing broker sent me the wire info for the title company (which I ...
Dan S.
Cash out Refi Investment Property Little Seasoning LLC
I purchased my first Triplex 3 months ago in cash, rehabbed and have all units rented currently. I bank with a small local bank and they offered me 60% LTV for a cash out investment with no seasoning requirements u...
Jeremy Anan
Seller's Agent stated "Buyer will be unrepresented ( no agent)"
Hello BP - I've submitted a LOI on a Multifamily deal. When chatting with the seller's agent, he asked me whether I will be represented by an agent, I responded no.After hearing back from his seller, the agent sent me...
Marlon Walls
House Hacking Strategies
Hey BP members!As I prepare for my first house hack I'm coming up with new questions regarding how to make the process more efficient. I plan on renting out the bedrooms in a 4/2.5 SFH.1) Would it be a good idea for m...
Brendan Henry-Lambert
Need help with understanding draws!!!!
How does the draw process/schedule work when borrowing from a private lender (in as much detail as possible)?Including:1. After having the property inspected and appraised 2. Closing on the purchase 3. Draw scheduling...
Andre Harris
Need help figuring out what to do next....
Here’s what I have. Lady has stopped making payments on her home in Dec. after 5 years of on time payments. Health issues, can no longer afford the home. Has left the home and lives with relative now. Last week a sher...
Luiny Tavares
Cap rates in Newark NJ
I am currently looking at a deal in Essex county New Jersey it is being sold to me as at a 7% cap. Its 41 unitsin 6 properties the net operatingincomes are as follow $76,844, $111,517, $35,257, $42,412, $51,792, $46,...
Margaret Hill
Supply Chain Disruptions?
Hello BP!I’m currently on the hunt for my first house to flip. However I am a little nervous about getting my first deal during these strange times. I am curious if any flippers out there have been experiencing large ...
Lance Mundo
Proving 750 hours for deductions
How can I prove 750 hours of work, and more work than my W2 job in order to qualify for maximum deductions when filing my income taxes? I want to reduce my federal income tax to zero. Are we using a time log? What is ...
Cathie Kovacs
Cozy question re employment verification
Hello fellow Cozy users. I like the way that Cozy handles the tenant application and screening process but I’m stumped about how to handle employment verification paperwork. I’ve been sending those out separately via ...