J Frank Cole
Fire Suppression/Sprinkler Installation
Hello,I have a question regarding fire suppression and fire sprinklers. My wife and I are in the process of creating a residential assisted living facility. As a matter of course, we have to bring the building up to...
Scott Seaman
Possible to get title cleared?
Before I waste money talking to an attorney just for them to say nothing can be done I thought I'd ask here in case someone has dealt with something similar.
Listing shows "Property can only be conveyed by quitclai...
Jonathan Edmund
Quick Flip Question Regarding Electrical Panel
So the past couple years I have been flipping homes in the Myrtle Beach SC market. I've done pretty well so far. I have two flips going right now and I'm working on locking down a 3rd. I have never had to do a full gu...
Chris D.
Are cross collateral agreements recorded
I am considering financing a local investor who is buying a partner out. My borrower also owns an apartment complex financed with a bank loan and bought within the last year with other investors. I'd be providing fina...
Patrick Britton
Writing and selling your own note vs. cash out refinance
If buying a property with cash outright, would it not make more sense to write and sell your own note on that property instead of doing a conventional cash out refinance? The market will dictate the rate and terms, b...
Julie Falen
Subject-to - Owner's Responsibility to Buyer
I had a rental property that I sold to an investor Subject-to my existing HELOC which is a 1st mortgage. My buyer then sold and Assigned the contract to another buyer who assumed the terms. The balloon is due in Au...
Jack Macioce
DSCR and Straight-Line Rent
When calculating DSCR, we know that the formula is NOI / Debt Service. My question focuses on NOI, specifically rent. In DSCR calculations, has anyone ever "straight-lined" revenue?Projecting revenue is easy. For e...
Michael Limina
What paperwork is there for month-to-months??
Hello all,
To preface this, I am a newbie at the real estate game!
I own a double in which I rent out the upper flat. The tenant was on a lease which has now expired. Honestly, I like the idea of keeping them mon...
Ethan Board
House Hacking or what???
Hi, my name is Ethan. Just started my FI journey and am starting my investing journey. Me, my wife and two kids have a 1600 sq foot home and we pay $1100 a month for our mortgage payment. I know, this is stupid. We on...
Daniel G.
What Happens to Membership Units After Payback
Hi BP Members,My question is simple (I think). What happens to membership units after all limited partner's have had their principal paid back? Assume that the operating agreement states that the equity split from LP ...