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Attention MH Investors (Especially Florida)! Important Question
Florida seems to require you to have a physical business address that is large enough to park mobiles homes in order for you to get a dealer's license to sell mobile homes. The dress cannot be a personal residence,...
Armand P.
Lease option vs Rent
Hello BP, We are near closing on our DSCR loan and want to get some ideas on which strategy would work best. 1) lease option: 2 yrs at $2350 per month 2) do a one year rental for $1900-$2000 p/m and re-evaluate where ...
Robert A. Hastings Jr.
1031 Exchange question(s)
How can I utilize a 1031 exchange if I sell current property and hold a 1st mortgage? Can a 1st mortgage be used as a deposit on another property?
Pedro Florentino
Cash our refinance investment property
Does anyone have a work around for cash out refinancing investment property without the 6 months reserves requirements for all investment properties? here is my problem. I have a condo with sufficient equity to tap ...
Tom Keith
Closing on 3rd property!!!
Hey Friends and Family on BP. We are closing on 1st buy and hold and third property total this week. Purchased a home in the hotspot of North Dallas area and have tenant waiting on closing and a few minor updates and...
Alex Locklear
Retailing a wholesale
I have someone looking to straight option me their home for $164,900. I have found about 7 potential RETAIL buyers who will pay $172,000. I plan on having the seller buy me out of my option and collect my fee as a lie...
Mayer M.
Income based appraisal
Hey all,
Can anyone provide some insight on how an income based appraisal works vs. a traditional appraisal?
My lender will allow me to do either one.
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Investor Stigma / Cold Calling
I have started cold calling prospects and have came across the main objection not even a real objection but once I say I am an Investor they completely shut the conversation down; saying they are not interested in wor...
May Aunaetitrakul
Lockport Property With Double Lot
Hi,I usually work in the city of Chicago. Wondering if anyone has experience with Lockport area as an investor or know someone who might. Have a potential seller wanting to sell a 2 bed 1 bath single family home with ...
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Finding a lender in the Dayton OH area
Hello BP community!My wife and I personally own a fourplex here in Dayton and we recently formed an LLC which we plan on selling our building to (our lender won't allow us to just deed it over since we took out an FHA...