I am newbie and would like to use my 401k to buy my first property any directions would be greatly appreciated?
Hey BP Community,Hope you are all staying healthy and well. I'm set to begin a pretty extensive remodel on my primary residence where we'll be adding a bedroom, bathroom, and re-configuring the kitchen. This will requ...
Hi everyone! I'm building my core 4 and contacted an agent and he asked for proof of funds letter before speaking. Can anyone explain what the purpose of the proof funds letter is at this point? What's the best method...
We have a two family- upstairs/ downstairs layout. Downstairs tenants are still having people over despite requests for social distancing. Upstairs tenants are complaining. Upstairs tenants admit they aren’t “parties,...
Looks like the sba and treasury has denied multifamily owners from accessing PPP funding. Terrific...https://www.nmhc.org/news/press-release/2020/apartment-industry-urges-sba-and-treasury-to-amend-paycheck-protection-...
I have a relative (in-law) that is selling me a house for dirt cheap:($18k for a house that will be worth ~$45k after about $10k or less of work)We're not involving any realtors because that seems unnecessary and woul...
Quick background: I own all my units in cash and plan to refinance once COVID-19 blows over
I
currently have a policy on each property the pays out on an Actual Cash
Value basis. Coverage limit is based off of th...
Does anyone have experience purchasing pre-foreclosure properties? I recently found a nice piece of land that is set to be auctioned in July according to the bank documents. Looks like the loan is held by Wells Fargo ...
How do I show my rental right now amid coronavirus? I have current tenants. In my lease I say two months before the end of a lease I check in to see if they want to re-sign for a year or let me advertise/show the plac...
We JUST finished a BRRR and are ready to refinance out of hard money, and then COVID happened and now the product we were using is no longer available. Credit is around 640, plenty of income to support the refinance b...