Chris Bingham
How to board a newly purchases performing 1st?
After buying a Performing 1st from an online site, what is the next step? Boarding it w/ a servicer? How is that done? Does the seller overnight me the loan docs and I'm then responsible for setting up an acct w/ a se...
Account Closed
Tenant did not pay for Gas. NGRID's reaction?
A tenant whose lease ended and who has moved out did not pay for gas and I am not sure if they had at all registered it to their name as they moved in. The lease does say that they are responsible for paying for it. G...
Sheri Fierro
Tenant wants to buy a commercial property and have us carry the loan
My brother and I inherited some rental properties in Los Angeles and we are very fortunate with what our dad did. All the rental properties are paid for. No mortgages but most of the properties are fairly old. Anyway,...
Andrew Feil
Commercial vs. Conventional financing
Hey BP,
I would like your opinion on my financing options on a 4 unit property that is fully rented. I was originally planning to buy with a conventional 30yr mortgage, but then found out that I cannot use th...
Thanh Nguyen
Mortgage loan originator role!
As Dodd Frank Act coming, I can see that LO investor should use MLO ( Mortgage loan originator) as our middle man to structure a deal. I used to close a deal in an attorney office. My question is if you put a MLO i...
Jeffrey Collins
Creating a business for commercial real estate investing
Hello everyone. I am new to the group and I'm so glad we have this forum to ask questions and interact with other like-minded commercial real estate investors. What are the group's recommendations for what type o...
Louise McEwen
Getting creative with a potential off market flip
Hi Everyone,I am looking to purchase a single family, in Chandler, AZ, and have been out bid a couple of times already. The MLS drops a new address and it's under contract within 24 hours. So I am trying to be creativ...
Tony Mai
Need 20k out of pocket because of low appraisal
I am in the middle of this deal in Houston TX and I'm purchasing the property through a turnkey provider. The agreed purchase price was 300k. However the property was appraised for 260k which I believe is the true va...
Andrew Burt
Renting from LLC that I am a member of
Hi all,New member here. I have a question that is a bit different to what others have asked re. renting from a property held in the name of an LLC you are partnered in, so I'm hoping someone can help out or give some ...
Jay P.
Tenant paying partial rent and other questions.
Hi All,State of ILMy tenant paid just over half of the rent for the month of Feb. He has come out with various excuses about how he had mold testing done in the home etc (all bogus claims of mold) and that is why he d...