Mark Yuschak
Evaluating an apartment complex
A BP member and I are considering a relatively small apartment complex in the southeast Michigan area.
Here are the details which we know of at this point...
48 unit c...
Arturo Andres Lara
How to approach private lender
I have connections with businessmen from NYC “whom are always looking to invest” (private money lenders). Does anyone have any ideas on how a rookie investor should approach them? Does anyone have any good deals that ...
James Freeman
Keeping existing house we been living in 20 years and buying new
What would be the best way to keep our existing house with good equity and finance a new house? 401K loan? Equity from current house? How much should we pull out if we refinance our 1st mortgage? We have never owned n...
Jaran Ramsey
Lender advised he cant close under an LLC
I have a property up under contract In Cleveland, OhIo and my lender advised that he can’t close under the LLC and I probably would need a commercial loan? Is that true? Are commercial loans better than conventional l...
Pamela M.
Removing Section 8 voucher
Hi all,I am in the middle of buying this multi family in Newark NJ and its a good deal but the second floor tenant is an elderly Section 8 tenant. I don't want to continue with any Section 8 (after I buy this propert...
Steve Adler
Would you leave your job in this situation?
Hey BP community, I have a crazy scenario to throw at you, that could be really scary but everything I have been praying for. I hate my job. I work in finance and every Sunday I start to get in a bad mood because it’s...
Dave Wittnauer
Methods for quick sale? Inherited property
I'm wondering if there are any paths to a quick sale in the commercial real estate world?I've inherited a commercial property and have been dealing with it for the last year and really don't enjoy it. My family has d...
Gil Keren
Out of state investors, how do you quickly close?
From what I've seen so far, when a good deal pops out in Indy, someone closes on it within 1-2 days. As an out of state investor, looking to make my first deal, It would take me a few days to come over, see the the pr...
Marie Buckingham
Statute of limitations on non-permitted renovations.
What is the statute of limitations on homes that had their first floor renovated from garage space to living space when the home was built in 1983? I purchased this home and later found out later that there were not a...
Anthony Zotto
Tenants want rent reduction due to virus?
I still have to make mortgage payments and my tenants want to “figure out a rent plan”. I think business as usual unless the government says otherwise am I correct? Thanks