Kenn Mccomas
New to Multi-family and need advice
I want to jump into MF but I'm unsure how or where to start. I hear a lot that its easier than single family and I have found properties I'm interested in but I don't know where to begin on financing, or even how much...
Jon Swift
Homepath house with plumbing issue
I put and offer in on a Homepath home and the offer was accepted. The house was winterized and the basement looks like it has been flooded and all the drywall torn out. Now that the bank has accepted our offer they te...
Account Closed
Southeast Michigan tenant 2 months past due (advice please)
I'm facing a situation where a tenant has not paid rent and is now past due 2 months. I'm wondering how I should proceed... this is the first issue that I've had with a tenant (we only have 3 properties).Here are th...
Ryan Taylor
DSCR Loans and seasoning
When it comes to a DSCR loan...does the down payment percentage have to be seasoned funds?
Chris Waugaman
What do should I do with Rental Equity
So my wife and I own one townhouse rental property in Clayton NC and have about 200k-225k in equity. We have only had one family rent it and they have just signed for another 2 yrs ( once that lease ends they will hav...
Steve Sprowls
Self-Directed IRA companies
I've looked at six different companies and the fees are all over the place. The cheapest so far is Sunwest Trust. Their annual fee is $225 regardless of the number of assets. Their application fee is $50.
Am I gett...
Frank S.
Typical Eviction Time-frames for Chicago
While researching before investing. I found that the typical eviction time-frame in Chicago appears to be at least 3 months and up to 4 months. Well, those are the risks one must take and due diligence checking all r...
David T.
"Commissions paid net of closing costs"
For the benefit of simplifying matters, lets address the issue on the basis of an average close of $200k per property deal.Between agents fees and buyers closing costs (around $4k) and other stuff tacked on the the cl...
Joseph Pike
Writing my first letter to Local Mobile Home parks
Hello B.P. world. I am wanting to write my first letter to several mobile home parks located around me. I don't exactly know how my first letter should be to them. I have written to home owners about purchasing the...
Lee S.
eviction
I'm not a landlord currently but i'm in negotiations to buy a house that was rented out with no lease or contract and they haven't paid rent in 4 months. I'm potentially getting this house at a huge discount but I ne...