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My choices are: a commercial 5/20 loan of 87,500 from a good, local bank with much experience who is lending 70% (assuming an appraisal value of $125k.)
Or, I was told last week that if we took it out of the LLC b...
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I'm flipping a 3 bed 1.5 bath 1206 sqf with attached 2 car garage. My question is if I do a garage conversion to add more living space will it add value or should I spend the money else where. Any feedback would b...
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Hi BP folks , I will be closing on a quadplex this Friday which is fully occupied. Does anyone has a checklist of things to go through at closing and days after the closing ?
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It's my understanding that using seller's cash-back is fraud when you are inflating the price beyond market value. Here's an example:Scenario 1
FMV: $300,000Sale Price on Contract: $350,000Cash back from sellers for ...
Advance notice, this is my first time selling my house, so I'm just looking for advice here. I listed my house for $220k, there was a bidding war and it came between two buyers, one for $225k and one for $232k. The $2...
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I know this is a local market specific question... BUT:
I have rehab underway (BRRRR) on a three story brick property built in 1910 with a large scope of work; attic conversion to master bed/bath, plaster demo, some ...
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I am diving into the real estate field. Taking over my Gmas Triplex. I have looked at doing this many ways and think I have found the best option. Let me know if you agree or disagree... please. This is my first deal ...
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I have a little bit of liquid cash and I'm trying to determine the best way to put it to work. Here's the picture:I recently purchased a duplex in Cleveland that I bought for $82,000 last year. I currently owe about +...
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So, I put in an offer yesterday for this house, there were about 4 other bids and I'm hoping I was the best one. I'll find out today if I won it. It's a short sale, but I'm pretty sure the bank has approved it alrea...
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Good Morning BP CommunityI wanted to present this question to the community. I located an abandoned property and was able to then find the owners name through appraisal district website. The owner does not live there ...