Amanda Thompson
1 roommate breaking lease, new 1 moving in. Write new lease?
I am hoping one of you will have maybe encountered this situation and can offer advice: Two guys on a lease. Guy 1 is breaking the lease to move across the country. Guy 2 wants to move in his best friend. Guy 1 is pay...
Steven Gilbert
Partnership Agreement: Pro-Rata GP Equity for Capital Raising
The general partnership has 500k left to raise (Approx 50% remaining) in a 506 (c) fund. There are three GP's, the capital partner, the operator, and the fundraiser... 30% equity stake in the GP is reserved for raisin...
Michael H.
Hiring Project Manager
I'm taking on a property that needs roughly $30k worth of renovations (property should be worth in the $175k range when finished). I've been working with my handyman for several years now and would like him to not onl...
Ken Cunningham
FHA Loan - Accepted New Job Out of State Prior to 1 Year OO
Hi BP,
I bought a duplex outside of Cleveland about 6 months ago using an FHA loan. It is currently just me in the place as the renters in the other unit that came with the mortgage were loud and obnoxious and I ha...
Allan C.
Cash out refi conditions on portfolio loan
Has anyone else experienced banks placing conditions on fund draws approved for cash out refi on a portfolio loan?Specifically, we have a bank requesting that we show executed purchase contract before being allowed to...
Amy Belton
Buy & Hold to Fix & Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $82,500
We purchased our first investment property, which we hoped we could implement the BRRR method. Six months later...
Qionna Bowman
My First Investment Property!!
Investment Info:
Single-family residence buy & hold investment.
Cash invested: $10,000
2 bedroom/1 bath frame ranch, attached garage and sunroom, 800 sq ft
What made you interested in investing i...
Hugo Alves
New Construction Home in Scotch Plains, NJ 07076
Investment Info:
Single-family residence fix & flip investment in Scotch Plains.
Purchase price: $265,000
Cash invested: $350,000
New construction home on non confirming lot. Modern farmhouse des...
Paul Vanderburg
Request advice on duplex investment
I am analyzing whether it makes sense to purchase a duplex in Colorado. I currently own a condo worth $400k with a mortgage of $100k, so I have a LTV of 25%. I am considering a cash-out refinance to borrow an addition...
Ryan Barrow
FHA Loan Before Moving In
I am planning on moving to Baltimore around February and would like to implement a house-hacking strategy, likely using a FHA loan. I will be living with my parents until then. I figure if I could get a property now ...