Account Closed
Workaround to Eviction Moratorium
Good Morning BP Community,As a multi-family apartment owner, I was thinking about how dangerous the government-imposed eviction moratoriums could be to the fundamentals of our business model. I understand that the cur...
Nicholas Arcidiacono
Should I payoff my HELOC that has an adjustable rate?
Hey BP community.Here's my situation, 2 years ago I got a HELOC on my home to fund my 1st rental property. All went good, I got the property and it's been cash flowing since. The problem I'm facing is that the HELOC a...
Amber Gazzolo
Finding multi family properties
Looking for guidance on finding a needle in the haystack. Just moved back to SoCal and looking to continue investing while house hacking in a multi unit. Supply is low but also potential rent income is negative in a b...
Brian Bistolfo
Drawing Up Loan Docs as a Private Lender
Hi All,I have a freshly minted LLC that will be acting as a temporary lender (until I refinance) for a deal I'm involved in. However, I've never drawn up the perfunctory documents that I'm sure you need if you're goi...
Justin Smith
Need third party objective advice on investment property refi.
I am located in SoCal and the income property is in LA county. My wife and I inherited a 2.5m (rough bpo's from the last 12 months) apartment building in 2011. Quickly paid off the mortgage of the building and have ...
Jefferson Gan
Buyer responsible of Certificate of Occupancy question
Hi All, I want to ask if buying a house as-is and buyer is responsible for Certifcate of Occupancy (COO). How will repair work out since this COO needs to be done prior to closing and even before loan is approved? I...
Solomon Floyd
Solly's Weekly Update
Hello All, What a week right!?! Although it really isn't that different from any other week, there are some trends to identify and account for. Solly's Weekly Update is made from all the questions on BP as well as som...
Chris M.
Crumbling particleboard under countertops
Hi all,
I'd like some advice on a place that I'm currently zipping up with a tenant likely to move in Nov 1st.
The kitchen is original and the condo was built in 1983. So lots of fake wood laminate and particleboard...
Lloyd Silver
Cash On Cash ROI With Recent Trends?
With what's happened in the stock market coupled with an increase in mortgage rates, what kind of cash on cash ROI are you looking for these days on long term rental properties?
Amin Parsi
only 3% cash on cash, worth it?
Hi, I’m living in Australia on a temporary visa which will be changed to permanent in 2 years. for a 300k prop I wanna buy, I have to pay 30k more than other people as stamp duty because I’m on a temporary visa. but t...