Naeem Kapasi
First Commercial Transaction
Hey BP Nation,A good friend of mine reached out to me and want me to represent him as his real estate agent when trying to rent a suite in a brand new commercial neighborhood mall. He is a doctor and wants to start hi...
Naeem Kapasi
Commercial Lease Transaction
Hey good people,A good friend of mine reached out to me and want me to represent him as his real estate agent when trying to rent a suite in a brand new commercial neighborhood mall.He is a doctor and wants to start h...
Brandon Yuan
Questions on a 60 units multi family apt in Texas
Hi ThereI'm currently evaluating a 60 units multi family apt deal in Texas. This is a scaling up project for me.I have a 25 units property so I have some experience purchasing/managing small multi families. Looking at...
Vernon N Hunter
Waterbill Problems Need solutions
Hey,I just bought my first investment property and I got this property simply to get my feet wet. I purchased this property at $7800 total and have put a few hundred into it since Dec. I know that it is about time for...
Rupert Grant
Security Deposit with more than one signer to the lease
I recently bought a building with pre existing tenants. Many of the units have multiple signers on the lease. When tenants move and I return security deposits, should I divide the deposit equally among the tenants a...
David Santore
Smart / WiFi Thermostat for Rental?
I am getting ready to rent my duplex in an owner/occupy situation, and I'd like to put in a smart thermostat for my rental unit. Two reasons - amenity appeal, and control if the unit is vacant (tenants on vacation an...
William Walsh
Removing a rental property from a SD IRA
Anyone have experience with this? I'm a financial planner that generally advises against SD IRA's to hold real estate when the client can purchase directly in their own names. But I've just had a client that came to m...
Manuel Sarabia
Substitution of Trustee or Assignment of Deed of Trust?
I purchased a junior lien at auction. The owner that foreclosed on it actually wants to buy it(They are current on their first, they love the house, and actually want to purchase the title from me). Would a substituti...
Brendan Henry-Lambert
Need help with understanding draws!!!!
How does the draw process/schedule work when borrowing from a private lender (in as much detail as possible)?Including:1. After having the property inspected and appraised 2. Closing on the purchase 3. Draw scheduling...
Terry Lao
is there a vacancy % factor that lenders will not lend beyond
I own a 4plex, which is one of 23 buildings. I recently found out that there could be 30-35 units that are currently vacant out of a possible 92. This is a vacancy percentage of 33-38%. Would fannie mae or freddie mac...