Hi guys, I am new to BP and real estate and looking to get started in 2021. I am looking to invest in long term rental properties and am looking around the Scottsdale area. Prices are very high right now and I am not ...
Hi everyone, and thank you in advance for your help. I am also sorry for the long post. I am actually asking this on behalf of my MIL, but I am very familiar with the situation and... help please!My MIL rented her hom...
Hey everyone! I'm trying to figure out ways to monetize or at the very least, make my 1400sqft basement useful. The basement is at the bottom of a 3 unit building in Chicago that I'm in the process of closing on. It's...
Hello,
So, I believe these are the three things looked at by a lender.
[1] credit score
[2] debt to income ratio
[3] how much money I make a year
I can control my credit score, but I can't control my job income (to ...
Syndication is a big word for a simple process that is not easy. Feel better? Okay, let me break this down “parade rest” (to its simplest form). To put this simply, the process as it applies to apartment syndication i...
A few months ago we were in the process of evicting some tenants. The complaint and the letter from my lawyer stuck strictly to facts of the lease violations but, as could be expected, the tenants' response was filled...
BP Members-
We are researching markets and have targeted a few to begin deep diving into for multi family property acquisition. We are targeting the B-C asset class with 5-25 units. The ideal property would have a ...
I'm looking for advice on how to approach a tenant on a non-renewal of the lease. I'd like to begin with an inspection of the property prior to giving them notice in order to document the condition of the unit and do ...
Without a doubt 2014 is the beginning of a new era in the Real Estate Lending Industry. Can anyone clarify the relationships of these three lending institutions. I think we have to determine this before we can atte...
I purchased a property through Roofstock in June. The Roofstock inspection, which was admittedly cursory, turned up nothing. In the PSA disclosures, the seller admitted that there were leaks in the house, but that th...