Manshi M.
Illegal Basement - Will my insurance company cover any damages?
Hello,I have a 2 family property in New Jersey. I am renting out the basement illegally. Question - Will my insurance company cover me for any damages that happened to the property and is not related to the tenant in ...
Jared Leonhardt
Financing First Deal-First Post
First Post! and working on my first deal! Quick back story. I built my first house four years ago. Lived in it for 3 years and sold for a nice profit. Bought a 113 year old house for more money than I ever thought I w...
Abe Osman
Commercial loan nightmare...last resort looking for help!
Hey guys,Long story short, I finally find a property that will work for by business, but as is the norm (in my experience) with Commercial RE, the seller is an old inflexible guy that wants it quick and easy. He says ...
Stephen Vanderhoof
I need advice on a loan
I currently own a property, and I am going to take a loan out on it. I want to invest in short-term rentals, and I'm unsure if I should borrow as much money as they'll let me and use the extra cash as a down payment o...
Aaron Cunningham
Zero Down Properties and Investing
I've been buying and selling residential and commercial properties in the Pacific Northwest (Seattle, Spokane, Idaho) for 10 years now and I've been financing investors over the last 5 years. I thought I would weig...
Kerry Krienitz
Refinancing out of hard money options w/o W2
I was hoping someone can help me understand the process of BRRRing using a hard money lender for acquisition and then refinancing after renovation and renting. If I do not have a W2, am I still able to refinance into...
Jesse Schultz
Templates for private lending contracts
Hello,
Does anyone have a template for a contract between a private lender and a real estate investor? Something that settles agreed upon lending rates, payment schedule and default follow up options.
Any thoughts wou...
Joseph Bryant
Internal tenant complaints
Hello to all in the bigger pockets community. I come to seal any experience mediators that has dealt with tenant-to-tenant conflict. Below message I received from one of my units concerning unit above them :
“Evening...
Jem J.
Owner financing
Looking at selling a property and will do owner financing to my buyer. I have a wonderful mentor in this matter but I would like to gather all the opinions of the experts here. What do I need to do to protect myself a...
Ron Steele
HUD Ltv
Most lenders I'm seeing are offering 80% LTV for for multifamily financing. I have a property that will appraise for about 1.8 million and I can buy from bank at 1.3 million. Will the ltv be used or will they apply th...