Ally H.
RESPA and VA Loan
Hi fellow BPers! We have some questions for those who are familiar with the VA loan for active duty military.We went through a mortgage broker and locked in our interest rate and lender's credit last month with a Rate...
Dawn Kaltenbach
Certified Independent Private Money Broker-
Other than LLC and business license, are there any other license required? Putting private money investor and direct lender together and receiving a finders fee. Actual funds would not be touched. Any thoughts?
Jack Deer
Late fees on Commercial lease.
TEXAS.
I saw this on another website: "Commercial leases are basically no holds barred. The consumer protections for residential leases do not extend to commercial leases because the law presumes that the parties are...
Danielle Ronin
203K Loan that closed and never should have. Need Help
Hi All,I'm new to this forum and I hope I'm in the right place. My apologies if I am not. My husband and I are in a serious situation with a 203K loan that closed/funded and is now at a complete standstill due to th...
Logan Crowder
Real Estate Finance and Investment Manual Book
I'm wanting to purchase "Real Estate Finance and Investment Manual" by Michael R. Cummings, but as I'm someone from Canada, I want to make sure it pertains to Canadians if it happens to be a book written for USA or so...
Kelly McMillan
Converting SFMs to MultiFM
Hi, I live in Durham, NC, an area with large SFM homes (3,000 ft+) that could be converted into a duplex or triplex. I've found one great split level property with a separate entryway, that could have a kitchen in the...
Chris England
Loan amount
I'm from the Metro Detroit area and I'm considering purchasing my first rental. Talking with the bank today my broker told me that in order for him to do a loan the amount had to be at least 60k. After my 20-25% down....
Account Closed
First Time Home Buyer Tips
Hello!I am looking to purchase a home by January 2021. I am looking to house hack a SFH or duplex and I haven't started looking yet. Here's my to-do list so far.. can anyone add to this?1. Get pre-approval letter / sh...
Sherri D.
Commercial building with possible drug history
I am researching a 17 unit building that might have a history of meth or other drug activity. I plan to rehab the property, rerent the units and hold it for a number of years, at least 15 or so. If it has a drug histo...
Jack He
Banked rent increase in Hayward
Hello,
I bought a property (rent controlled units) at Hayward. The previous owner did not increased rent for years. It looks the code only allows 10% annually for banked rents but tenant still has the right to peti...