Thomas Ebenhoch
Multi Family Refinancing
I own a 3 unit multi family home in Upstate NY, bought in 2016 with a FHA 203k loan. Purchase price was $127K, renovations from the 203k brought the loan total up to $154K. The house was appraised by the county for $1...
Joshua Pavao
Seller refuses to provide estoppel letters
Hello BP,I have my first property under contract, it's a triplex that I will be securing through FHA financing. I am currently in the inspection period, and just had a showing and home inspector at the property yester...
Kelly P.
Seller financing down payment - deal term ideas
How do I structure the offer asking seller to finance the down payment? I qualified for a mortgage (excellent credit; solid W2 income), but don't want to use my own money for down on 2nd home. Seller has $175K mortg...
Mark Dante
Strip Mall investing
Issue: How do you analyze a strip mall?
Here's the situation. I've got an opportunity to invest in a small strip mall. The property needs work and is less than 30% occupied. I've gotten a few quotes on n...
Katrina P.
How to get this tenant out? And another question...
Hello BP Family!
Okay, so I am in the process of acquiring a property from a bank, that currently has a squatter inside. Apparently this guy used to pay rent until the previous owner lost the property to the bank, a...
Mohammed S.
How do i collect rent from low income, less-internet savvy tenant
Fellow BP friends,My property manager is struggling to collect rent on time from the tenants in a small (less than 20 units) MF units. The tenants are low income but hard working, blue collar workers who work late hou...
T Brown
Financing the first deal
Good morning experts,
I have been reading like crazy on here, reading books recommended here, doing a little networking in my area, and am building my team. My question concerns what money to use to buy the first hou...
Wesley W.
The New Guy with LLC / financing questions
Greetings All!
I’m brand new to the forums as well as being brand new to the business. I’m really looking forward learning from the collective wisdom from the members of BiggerPockets; someday I hope to be able to p...
Brennan Clayton
First Short Term Rental - Deal or No Deal?
I am currently under contract on my first short term rental in South Georgia (Where I live). It’s a 2,200 square foot 3 bed 2 bath, 1920s historical home in a great location. When we did our first walk through I could...
Matthew Thomas
Financing first deal
I have the ability to put roughly 15k down on my first deal. That being said I wouldnt have much left in the way of funds for a rehab, ive been back and forth on either going through a private lender or getting a trad...