Jin Zhang
Is it legal to close a doorway of a SFR to turn it into two units
Hi everyone, I have a naive question and could not find a good answer by googling. I am wondering if I could close a doorway and turn a SFR into two units and rent them to two different groups? Is there any legal cons...
Tyler Caruso
Self Directed Ira question
I had some funds remaining in my self directed ira and wanted to see if this would be an acceptable transaction.Here's the scenario:Tyler's (me) Ira lends 50k to John (made up individual) via secured promissory noteJ...
Joel Owens
Certain commercial development the public doesn't want.
So I have been reading a lot lately of certain projects being proposed in my area of Cherokee county GA.I am seeing a reoccurring theme. Most all retail is welcomed with open arms.Large multifamily projects of hundred...
Joshua Mathis
New Member in San Diego, CA
Hello BP network,I am closing on a home in San Diego with a zone 4 lot. The house is in an area where rents are raising significantly every year. My plan is to stay in the home and build a 4plex property in the empty...
Allen Chu
Buyer's Bank Asking For Seller's 1040 Through 4506-T... Weird?
A friend is about to enter escrow as the seller in a business&commercial property sale. The buyer has already submitted the earnest money and signed the escrow documents. The seller is in the process of reviewing ...
KJ Smith
How to establish ARV on multifamilies
How do you establish ARV on multifamily properties? What systems are being used? What formulas? A cheat sheet of steps or a system with ABCs would be great. I've got a 6 unit in my sights and need a little guidance on...
Steve Chan
Houston Market Insight's From Neal Bawa and Anna Myers
Hi everyone, I listened to Grocapitus' presentation on their new development project in Houston last week and had some interesting takeaways about the Houston market. I thought I’d share them with you since I’m based ...
Gabriel Zepeda
FHA Streamline to reduce mortgage interest rate Scam or real?
Hello Everyone,
I bought a home back in January 2024 using my FHA loan and I received a call from Atlantic Capital Funding saying that I could FHA streamline (interest reduction) from my 6.625% to 5.7% and could even...
Roger Laughary
Buy and Hold Purchases - Seasonal?
All,I would love a little advice please. I had a deal fall through and am now looking for another one but in the back of my head, I am a little concerned with trying to rent something in November/December because of t...
Daniel Cuevas
First deal out of state
Hey everyone!
I was presented a deal for a triplex in Alabama, close to Alabama state. I live in Southern California so you can see the dilemma already.
The property is 100% occupied with two units renting at $600 and...