Danielle Thompson
Architectural plans for ductwork
We are working on legalizing our duplex. We are firerating ceilings and separating all utilities. The city is asking for an architectural design plan that includes before and after with ductwork included. We’d prefer ...
Susan M.
What are my options? LOC -> Refi?
I have two rental properties right now that would probably be valued around 40K each. Last year I obtained a commercial LOC on these properties for the purchase of another two properties. I now have a balance of $33...
Rob Lehmann
Any advantage to becoming a Mortgage Originator?
After referring numerous people to my favorite mortgage broker I've recently tossed around the idea of becoming a broker myself. Ideally, it would be a semi part-time thing for me, mostly originating loans for other i...
Jerry Chou
entity structure and ways to expense business activities
Hi everyone,I'm new to BP and is trying to set up legal entities to start running rental property business. I did a couple studies but want to make sure I'm getting it correctly.For structuring the legal entities, it ...
Michael Doherty
Multi-Family Home Land Lease
I am in the process of making an offer on a MFH that is a good deal. The only caveat is there is a land lease. Has anyone had any experience purchasing a MFH with a land lease and it working out?My potential concerns ...
Kenneth Woodall
Buying a Chapter 11 Business Question
I am approaching a multi unit that has been approved for chapter 11. Is the current owner allowed to accept an offer lower than the total debts?Simplified example:10 unit property with $1mil in debt. $800K is from a s...
Della Beaver
Possible first acquisition….help.
Looking to purchase my first investment property.The property is an townhouse type property with 2 three bedroom apartments and a store front that is rented for the next 2 years. The monthly rents for the apartments ...
Erin Hogue
Boutique Hotel Investment
Looking in to purchasing a small 20 room boutique hotel in need of major renovation ($1-1.5m). The property holds contributing historical designation, so will have renovation constrains to take into account. This woul...
Dan Miller
mold issue
I am negotiating what could be my first deal with the bank that owns the property. This house has been vacant for about a year now and has serious mold issues (all over the basement, and spots on the main level. Can...
Aditya Bhate
U.S vs Canada (In general)
One of my friend who is a dual citizen of U.S & Canada recently asked me this interesting question. He is currently in Ontario, Canada. But since he has dual citizenship, he was confused should he move to U.S for ...