Joe Butcher
Am I required to tell applicant why I am rejecting them?
I'm about to start taking applications for my rent house.
If I reject a tenant who fills out an application (which is free) do I have to tell them that I am rejecting them and if so, do I need to tell them wh...
Micah Uveges
How to Finance a 17-unit Apartment Complex
Hello,I am interested in the purchase of a 17-unit complex in my area and don't know where to start with the financing part of it. It is in rough shape and needs extensive renovations (near $200k). It's currently list...
Brian McGuire
New Investor looking for advice on what loans to use.
Good Morning, I’m a new investor and I’m going through the process of obtaining a HELOC. I would like to know what loans are best for me to use when investing in Multi Family units so I won’t use up all of the availab...
Daniel Cardona
Tax Sale in GA
Any experienced BP users do tax sales in GA or a state that has similar process that could answer some questions for me?Am interested in buying tax liens at auctions but would like to clear up some things.Do other lie...
Christopher Lawrence
How to Screen/Work with Private Lenders
Hello BP Family, I've been meeting a lot of great people in this industry. I recently met a couple of private lenders that offer 4% & 5% rates with a six-month deferred payment plan with no pre-payment penalties. ...
Dirk J Mc Kenzie
Residential vs commercial
I have heard that residential is less than 5 units and commercial 5 and up. What are the differences in entry barriers to go commercial vs residential? What are the rules concerning loans, financing etc?
Daniel Kaplan
Multifamily Underwriting Process
Hey everyone!
What is the best way you guys have learned to value multifamily properties(4+ units) through the underwriting process?
Rohan Soltau
Late rent, special circumstances,WWYD
One of my tenants who is running a room is late for the second time in a row, essentially the whole time she has been there. She hasn't paid on time since she's been there, she's late already and says she'll have it b...
Robert Hetrick
Property Manager Nonresponsive
Hello BP,I'm a new investor, bought my first IP in November last year, bought another one in December, and my third one in February.Two of the three property managers have been good, emails or phone calls usually answ...
Josh Eitingon
NY Multifamily Rent Regulations
The building stock in New York City is already old and undesirable compared to newer cities. With new rent regulations expected to pass by Saturday, the government will effectively create an environment of deteriorati...