Carmen Pellegrino
Appraisals using GRM for Income Value
Ok need some help, recently posted I am getting slammed on a couple of appraisals and need to understand how this works. I get using a comparable sale but there is also an Income Value. For my example the appraisal li...
Daniel Kimerling
Financing buildings with >4 units in New Mexico
Hi all,I am looking to learn about financing buildings with >4 units, but at the same time not large deals. For example, an 8-unit building for $1M. Obviously I can't work with a bank that sells the product upstrea...
Edit B.
California "No Fault" (Renovation) Evictions / COVID Protections
(This is for CA landlords or CA legal advisors and in context of fully paid tenants, not impacted by COVID) I'm reading SB-91 and am confused on if we are allowed to evict based on no fault eviction clause as prior to...
Brian Black
Operating Agreement Advice Needed
I would like to review an operating agreement for real estate. I have had great advice regarding some of the things I should be considered in the agreement. Can you share an example of one you are using or of things y...
Shaheen Seiffert
When using rent estimator how do I factor in multifamily houses?
The BP rent estimator has been a great tool for me to run reports on single family houses. How can i run these estimates on a multifamily property? For example rents should be lower on each 2b1b unit in a duplex vs tw...
Chase Hancock
Wholesaling LO's in CA
I have been learning a ton about lease options and lately I have been hearing that in CA, assigning lease options can get you in hot water. Is this true? I am working on getting my real estate license and want to star...
Jim Workman
Promissory note verbiage for multiple draws
We are trying to create a promissory note for a fix and flip project where funds will be released based on completed milestones. Does anyone have a good example of such a clause?
Cal Ewing
Help renting out a SFR garage for storage
Hey BP, I have a property with a garage on it that is currently sitting empty. I would like to rent it out to someone needing storage for a car or something. Does anyone have an example of a lease agreement they have...
Daniel Lioz
Can a preconstruction lease agreement be used on SBA loan eval?
I am thinking of building a mix use self-storage facility, can a lease agreement during pre-construction on the mix use part, be used for SBA loan application to get a higher valuation thus LTV covering the entire con...
Cassidy Burns
New Ownership Notification Letter
Hi BP,I"m looking for a new ownership change letter/notification to post on inherited tenants doors? Just looking for a template so I can make / edit it my own! -Lease signing -How to pay rents-How to make maintenan...