Hey guys!I am in the middle of negotiating on a 3 flat with an illegal garden unit. We've agreed on a purchase price and are just about the signed the purchasing agreement. The listing agent mentioned that 3/4 of the ...
Hi, my name is Chris and i am curious if anyone is doing any rehabs with Energy efficiency or Green products included? Also have you experienced any interest from buyers in this regard.Thanks Chris
In another thread, @Bill Gulley and I had a brief discussion on underwriting guidelines. Rather than take that thread off topic, I created this one to hopefully further the discussion. The main contention was whether ...
Hi, my banker said - We are needing a minimum extra $20k in cash flow in order for this to debt service at 1.25x, which is the industry standard lowest it can be to approve loans, your's now is .98x. Is it possible t...
Hello BP,I just had to share my recent experience with Section 8 rentals, and I couldn't be more thrilled. Initially, like many others, I harbored misconceptions about this program only hearing the negative connotatio...
We are in FL. Without knowledge purchased a HOA foreclosue with a 1st lien. The 1st lien is in pre-foreclosure. The homeowner's were in the process of negoiating a loan mod so the foreclosue is on hold. I dont thi...
Hello BP friends,I'm in a pickle. The tenant wants out of their lease at no cost to them. They said they are afraid of mold from water seepage and are threatening to sue if I don't oblige. What would you do?Background...
My husband and I locked in a rate of 4.25% on a 30 year loan with a mortgage company. We paid the $495 fee and the senior loan guy told us this was an easy loan to do because of my husbands excellent credit score, his...
I was hoping to find someone else who has done this, but I haven't seen any posts.
I'm buying a cheap property to fix and hold, maybe BRRRR in the end. I'm still waiting on quotes from contractors, but the initial c...