Don Nelson
HELOC on Non-owner Occupied Property - Denver
Having a hard time finding a lender in Denver who can do a HELOC on a non-owner occupied property. The property is located in Commerce City. I have excellent credit. Property is currently worth about $300K, with $7...
Nick Thompson
Tax Sale in Ontario, Canada
Does anybody have any experience or knowledge buying tax sale properties in Ontario? The system seems like it is set up as silent auction. All prospective buyers submit their bids in private and once the auction is ...
Johnathan Butler
How should I Proceed With This Deal in Philadelphia
Good Evening BP Nation,I have a potential opportunity to put together a deal but am not exactly sure how to proceed. Situation: My mother-in-law owns a house in the Point Breeze neighborhood in Philadelphia. There is ...
Carl Corvin
How to get rid of low income RE in Decatur Illinois
Hi, I own a handful of low income properties in Decatur Illinois. Due to log distance, and a PM that I should have never trusted, these homes have gone downhill and are currently on life support. While most investors...
Shane H.
Any experienced Commercial Bankers/Commercial Borrowers - Life Insurance?
Feel free to move this topic to another forum if it fits best there. However given the correlation to commercial RE thought here was best.I've noticed on some of the financial products I've been pursuing/commercial l...
Auralee Smith
Newbie intro question — foreclosure on MLS for over 200 days?
Hey there everyone,
I’m Auralee, a complete newbie, haven't done any deals yet and am just beginning to check out MLS listings to get a feel for them. I’m still trying to pin down a niche. Full disclosure, I've been ...
Franklin Romine
Bought 1st Mobile Home Park in CA...Collecting Rent and Fines
Just purchased a 24 unit Trailer Park, purchase price $300K. All the trailers are tenant owned. There is a long term onsite manager. Currently a 3rd party reads electric meters, prepares a statement for each tenan...
Aaron Frances
To Cash out for credit cards or not to cash out?
Hi Everyone, I converted my 2-flat apartment building into a legal 3-flat using a cashout. Appraised at $425k, new mortgage at $2330 at 4.35% currently owe $305K now. Property may conservatively appraise at $525k acco...
Anthony Gayden
$1000 Fine if you do a background check on a tenant
New law in Oakland, California. https://sf.curbed.com/2020/1/23/21078782/oakland-background-check-renters-criminal-fair-chance
I am of course opposed for obvious reasons. Just as an example while running backgrounds...
AJ Johnson
Seller Financing Interest Rate - How does that work?
So I am in negotiations with a friend to buy 2 local rental properties, both 2 bed/2 bath- which would be my first investment property. Total value is $750K, and his mortgage is 1800 total for both. I would put 25K do...