Erick Lee
Trouble refinancing due to Covid rules
My business partner and I have multiple multi family apartment buildings held as a General partnership. They are all cash flowing and we both have good credit scores and Good incomes. I am trying to refinance my Singl...
Matt Kvalheim
Single Asset Entity for Fannie Mae Loan
Hi All,I am refinancing a 26 unit apartment building in Idaho with Fannie Mae. I chose to hold the asset in my name and get a ton of insurance, umbrella, etc. But, with the refinance, Fannie Mae is requiring that I ho...
Robert Lindsley
Multi-family in Norwich, CT. Is this a good deal?
Hi there,I'm getting ready to make an offer on a 7-unit building in Norwich, CT. Before I made the offer I wanted to reach out and ask for thoughts from the community. Is this a good deal?The building is mixed-use; ...
Nicole L Redwine
Title issues -- does anyone have experience/wisdom?
I recently bought a piece of property in my hometown. Prior to closing, there was some issue clearing the title. Not sure what exactly the issue was, but I do know the seller was one of those Quiet Claim deed compan...
Leonid Sapronov
Spousal mortgage, underwater property - what to do?
Hi all! Here I go again, reaching out for communal wisdom. Asking for a friend, who is in a tough spot: her husband passed away unexpectedly, leaving behind a rental property that is under water. It's rented and just ...
Jasmine Coley
Two properties under contract do I need separate contracts
I have a seller with two properties this will be my first sell and I was wondering do I need to have them fill out two separate contracts for each property with the price on the contract ? Because he wants 30k for bot...
Molly Jacobsen
Transfer to LLC for Estate Planning/College Financial Aid
Hello,I've read alot the dos/don'ts of transferring property to an LLC. Most reasons center around liability. I've been running a property management business for nearly 20 years. All monies flow through the busine...
Clint Weir
Buying a REO property after listing expires
How would I go about contacting the Owner/Lender (2 different entities) about making an offer on a REO that was listed on the MLS but has since expired?
Vasundhara Ranjani
How are people handling MF property ownership during Covid19?
I am a property investor with over 100 units (8 - 22 units per building) and 2020 has been very difficult due to Covid-19 and the subsequent "rules" that only favor tenants - moratorium on evictions, lack of rents pai...
Wes Park
Seller refuses to transfer tenant's security deposit and rent
Hello All,I just closed on a tenant-occupied investment property. At the closing table, the seller said he will not relinquish the tenant's security deposit nor the prorated rent for the month. He stated that my need ...