Jerry Padilla
Increases and Changes to Conforming and FHA Mortgage Limits.
For 2017........The Basic standard mortgage limits have increased. The ceiling has also changed for many area's meeting the criteria as well. Here is some info you may find helpful on the limits as well as links to lo...
Ryan Walker
Limited Partnership Syndication or LLC for Multiple SFR Rentals
I want to preface this discussion by saying that I will absolutely be contacting a lawyer before preceding, and would like this discussion to help me limit the number of hours I will eventually be charged by such lawy...
Taryn Lewis
Eager to become an investor but have limited funds
Hi bp first and foremost I will like to say I’m so happy I found bp they have everything you need and more I don’t see how ppl paying thousand of dollars to these so called gurus and all have to do is become a bp memb...
Elad Messing
HELOC for investing-limit lower than expected. Continue looking ?
Hi all HELOC experts :)We are in the process of getting a HELOC for our primary, to be used as cash-equivalent to fund investments. After shopping, we opted for one bank however they just came back to us with the prop...
Account Closed
HUD/Lender limitation on rehab for FHA 203K loan?
My mortgage broker just told me the maximum rehab amount that can be financed into the 203K loan is $35,000 (this includes HUD inspection and other fees). Is this amount set by HUD or this limit varies by institutions?
Jeff G.
Proposed Rent Increase Limit of 5%/Yr Nationally?! Seriously?
Apparently the White House is pushing for national rent control. Landlords with 50 units or more would be limited to a maximum of 5% annual rent increases. The linked "fact sheet" is, well, oddly light on facts. For s...
Account Closed
Tax Benefits with LLC or Limited Partnership vs Personal?
Hello All,
Any opinions on whether or not there are any tax benefits and savings when purchasing a Multi family as an LLC vs Limited partnership or personal entity?
Account Closed
Airbnb questions - Limited lodging operator license and zoning permit
Hello! I am trying to set up my first airbnb listing in Philadelphia, PA. To do so airbnb is requesting that I get a Limited lodging License or a rental license with a hotel classification number.
I am in the proces...
Jade Smith
Limits on what an unlicensed property manager can do?
We are a small vacation rental company that manages short-term rentals for homeowners in Los Angeles. We manage ONLY transient occupancies - i.e short term stays under 30 days, for which no brokers license is required...
Ethan Demir
Using private money to flip and usury law limitations.
I have an SFR property under contract and it is a short sale. My private money person and I agreed on the terms; 12% interest, 1.5 points. Due to the usury law, the escrow won't proceed since the interest rate is abov...