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Background: This week I'm planning on putting an offer down on my first commercial property, I only own one other rental (residential).1. The asking price is $370,000, it was recently sold 2 years ago for $350,000. Th...
I work for a mortgage company and we underwrite private notes for investors One of our programs is that we underwrite for owner occupants with iTIN numbers. Are these notes discounted more than other notes even though...
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So as I understand it, duplexes, triplexes, and 4-plexes all still can qualify for an FHA loan. I've seen several properties that are 5-plexes, such as this one:http://www.trulia.com/property/3230409342-1533-Car...So...
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So some time in January or February I will have some money. I want to partner with someone but not sure on the conditions I should set. I want a percentage of the profit but also want to make money on the money I put ...
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If I'm LLC in one state (NJ), I see opportunity in another state (NY), do I have to LLC in NY also?
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I was looking at a duplex that has two occupants already there. I’m thinking it could be an instant profit but I would like to know a few pros and cons.
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Hello BP community! Hope everyone is doing well and had a great holiday weekend! My partner and I found a pretty solid deal on the MLS that we want to pursue, but we now have some reservations. I have my RE license an...
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Hi all,I was working on a deal this week that unfortunately fell through due to the seller changing his mind and deciding to leave the property to his son. Anyway, I gained very valuable experience in negotiating wit...
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I’m buying a small office property and will be raising $200k from 4-5 accredited investors that I have an existing relationship with. Do I need a PPM or can I just use an LLC operating agreement with a joinder for eac...
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Hi,
Applicant has good income and job, but ha filed a Bankruptcy in 2015. I see B2 indicating bankruptcy in their credit report as recently as April 2024. What are the implications to me legally if I rent out to ...