We are newbies to private lending.  We gave an 'interest-only' promissory note to our borrower a few years ago. Now our borrower has refinanced through a mortgage company.  The title company asked us for a payoff dema...

Let's face it. In this business the reviews can make you insane. Post reviews that really stand out in your memory.  And PLEASE let's not get off topic. Looking foward to reading yours! (I may even add one or two that...

I signed up for Business Finance classes hoping it will help me with numbers. Does anyone think this is a good idea?

Hi everyone,

I am a newbie here from Houston, TX and would like to say hello as well as thank you to everyone who contributes to BP. Such an awesome place here, I am so glad I stumbled in this site.

I ha...

Hello all,

Just over one month ago I finally closed on my first multi-family property. It is a 6 unit property in Jersey City. Below are the income / expense numbers & acquisition costs...

Hello all,

So I've been a bit late to write this post as the house has technically been under contract for roughly 19 days. It's expected closing is fast approaching, this Friday (6/28/2013).

The acquisition process...

I know a lot of people come on here seeking advice about rental deals they have and many of them don't hold up to the 50% rule. I will admit I guilty of justifying the deal in my head even when it didn't make true se...

I would like to hear a good discussion on Price VS Terms. Now, first off I am a big Fan of the the buying at a huge discount for cash flow. I have read enough posts by MikeOH on this.

Now I know these types of dea...

I'm developing a multi-family community from scratch, and hired a local civil engineer firm for site work (grading, erosion control, drainage plan, etc.) design. The design will be used to get city permits. It is expe...

I've started looking at the Columbia area and have heard if you live out of state the property taxes are 6%.  Is that really the case? If so how can anyone make the numbers work?