Robert Stamper
Mortgage Down Payment
Hi all,
I'm advising a young couple that is 1) buying their first home and 2) interested in building a real estate portfolio of SF rental homes. I know they can get a first time buyer mortgage at 3.5% via the FHA ...
Bruce L.
Request for Repairs on Short Sale
Hi guys!
So, I'm currently under contract for a Single Family Residence built in 1995 and my home inspector found a few problems.
- Garage Disposal needs to be replace.
- Water Heater is corroded, and should be repl...
Ben Bakhshi
How to cut costs on the exit?
We are looking at a couple deals where we will buy, fix, and sell a home to an investor who is a close friend of ours.
What is the cheapest way to transfer title to them?
One creative idea we had was that the propert...
Thomas Johnson
Advice Needed
Hello BP,
I'm a agent in DC, I have a scenario I need help with. I'm in the process of selling a house for my client and was asked on help for a second property that is located in Maryland, its an estate sel...
Jimmy Klein
Cap rate on retail strip with three units?
I need some help figuring out the appropriate cap rate on a three unit retail strip center. It is right next to a Walmart in a small town. It was built in 2013. None of the tenants are major retailers. They are ask...
Shawn Mcenteer
Friend looking to rent in Sacramento, need advice
My friend is looking to rent in Sacramento, she is looking for a nice area paying no more then 1700/month. She would like to rent a house, she will be working at Sutter Memorial Hospital. Dog and cat friendly, mi...
Jack Perfett
Are All Contractors Good for Investors?
So I am on the search for a contractor. I have been asking family and friends and just about anybody that I know who had contractor work done recently who’ve they used. This is when a question hit me? Are all contract...
Daniel Rogers
Partial 1031 Exchange
I’m expecting an offer on a former primary residence that we are renting out. We paid $173k in 2012, expecting an offer of $280k. Because we are active duty military, my understanding is that since we lived in it 2+ o...
Ben Shaikh
Mortgage Lenders for an LLC
Can anyone recommend a good lender that gives mortgages for an LLC? I can put down the 20% downpayment for a 200K townhouse.I assume mortgage rates for LLC/investment property are higher than those for an owner-occupi...
Brian Hietpas
Making an offer to pay the appraised value
Hi BP Family,
My investment partner and I are looking to purchase another side by side that recently came up on the MLS. The asking price is $199,000 and we made an offer based on our comps we have 5) in a 2 mil...