Account Closed
Does adding ADU to 4plex change from residential to commercial?
This question may be specific to places like Portland where the city encourages density by allowing accessory dwelling units (ADUs) to be added to properties in residential zones.If I purchase a 4-plex (zoned resident...
Rob Gribben
Tenants potentially illegal aliens
I have a rental property in Baltimore in an area where there are a lot of people in the country illegally. Is there a resource or website where you can determine if potential tenants are in the country legally? What...
Frank Teshima
Obtaining commercial mortgage as a Rookie
Hey BP! I am curious about obtaining a commercial mortgage as a rookie to buy my first property. My partner and I were currently in the process of obtaining a residential mortgage to buy a duplex, but my lender threw ...
James Z.
Newbie question from a first-time investor
Hi all - I'm just getting started in real estate investing. I have not yet attempted to buy my first property. I understand mortgage basics, but the most real-world experience I have with loaned resources is my car...
Pete Perez
Partnerships to obtain higher loans
Hello BPers!I am currently building my investment team after reading several books on RE. I've begun networking and attending meetups to find potential partners and just network in general to find like minded people. ...
Yan Yan
can I use tenant bussiness income as protection if they don't pay
Hi BPers,I have a potential tenant, no SSN (but has ITIN), credit score 653.I was told that without SSN, NTN background check will not return any useful information, is this true?He showed me the most recent 3 months'...
Karac Davis
Changing House from my name to LLC
I have a townhouse I’m living in I got for 180k. The rate is 2.75. I have like 25k of it paid off. My wife and I want to move out and keep it as a rental. How can I get it changed to an llc for liability purposes? Cit...
Mark I.
Quick question for you guys buying with LLCs
Purchasing a property in another state, Michigan, and I'm being told they need my operating agreement for the purposes of creating the deed and for escrow "to ensure I have the authority to sign". In my home state I h...
Johnny Khoury
Buy 1 Cash or 3 Under a Loan
HI guys,I have enough money to buy 1 home out right, But I know it makes a better investment if I use that money to buy 3 with a conventional loan instead.My problem , is that I already have 5 mortgage loans under my ...
Robin Cox
verify retired folks income??
Hi everyone!quick question about verifying a retired persons income. He lists $5700 and states "retired". How do I verify that? I assume some is SS. He's retired after 30 years at a paper mill so some may be from ...