Joseph Duenas
Refinancing a commercial property
I'm looking at owner-financing a 30 unit multi-family for about $1.6M, with monthly payments, and a ballon payment in 3 years. Question: Will the bank refinance me after year one or two with no down payment? For exa...
Account Closed
New Jersey Market Sample
Tax Lien Investors - Representative sample of winning bids from a NJ auction this week to help put your finger on the pulse of the market. 100% liens sold with premium. 80% sold to 2 wining bidders. Balance ...
David Sray
Cash-out refi confused
Hello BP nation! I've been looking into cash out refinancing on a duplex we recently purchased and think I simply don't have enough equity in it to pull anything worthwhile out. Trying to make sure I understand the p...
Kate J.
Request credit after inspection
Dear Community,I am in the process of making an offer for a house. The purchase price is 575k, ARV is 900k-1200k, holding costs are high, taxes 30k per year. The house has plumbing and electricity problems which have ...
Adrian Smude
Marketing for Mobile Homes Verses Marketing for Houses
I have most of my years in REI in single family block homes, but last year I switched most of my focus to mobile homes, preferably with land. I've been doing basically the same type of marketing, but wanted to pose t...
Hadley Benoit
Buying REO with existing tenant
Hey ladies and gents, I have a newbie question here:
When making an offer on an REO with an existing tenant that may have to be evicted or cash for keys buyout, how does that affect offer price? How is that tenant ...
Cal Rohrman
Help with raising rents
Hi guys,I am closing on a duplex tomorrow that rents our for $1850 a month. It is currently occupied by section 8 tenents whom have lived there for 5+ years. The home appraisal came in 30,000 more than what I am buyin...
Benjamin J Suarez
Adding my LLC to the Deed/Mortgage
Hello to all! I bought an investment property early this year. I also opened an LLC to house this property under. I want to quite claim the property to my LLC, but in doing so, the mortgage company can ask for the out...
Alex Stariha
Bank Referral- commercial resedential
Hello everyone,I have historically been dealing only in 4 unit and under sized buildings which has allowed me to work with traditional residential financing. I am now ready and currently getting ready to offer on a 16...
Rob Widdick
Does this seem like a solid deal?
Hi there,I've been a fellow lurker of BP for a while. My wife and I have been doing quite a bit of studying, including reading a couple of books from BP members.So we started looking for multifamily properties as we h...