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Hi everyone,I had a question on what type of information a lender usually requires from a borrower to evaluate his/her credibility. Is there a sort of checklist of docs/information that is necessary before applying to...
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Ok, so I am thinking of seller financing a home and it was advised I offer a certain % down and approach the seller about a 5 or 7 year balloon mortgage. I would make payments every month to the seller and at the 5 or...
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I am in currently in contract on a triplex where two of the tenants are section 8. This wasn't disclosed until I received the estoppels today. Upon reviewing the disclosures I have a a couple questions regarding the S...
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I'm taking over the property management for my mom and, for one of the units, the tenant is subletting. Apparently, in our lease we do not allow subletting. The subtenant is very dirty, refuses entry into his room, an...
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Soooo I found a property that checks all of the boxes. Gated community, 1% rent rule, newer property (13 years old), quickly growing area, close to shopping, beaches, solid cash flow, etc., etc.. Only negative is tha...
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Hello All - I am looking for some advice on a property that I have in AZ. We have been considering selling the house, it is currently listed. Our initial reason being that we put $30k into it and did not want to have ...
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I'm looking at purchasing a 11-unit complex in Little Rock, Arkansas. This cost is $609k. I would like to put 10% down which is $69,000 and finance the rest.Does anyone know any way I could do that or is the 20% req...
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I have a friend that has a successful non-real estate business in an LLC. He's interested in passively investing in the real estate work that I'm doing, but would like to do so from his LLC.Here's are my questions:Is ...
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I am new to BP and always love the idea of becoming a real estate investor. I was listening to the podcast and notice we have a great tool in our hands to start our journey. We are planning to house hack our house, we...
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After looking at two local (Chicagoland) hard money lender applications, I noticed that the lenders wanted me to disclose as much information as a conventional lender would require. In addition, the applications i...