I have my first property under contract and my loan officer has been working with me for a couple weeks.  She has the contract stating I will purchase under my LLC, however now she is saying underwriting considers it ...

I am seeing a lot of properties for sale in Decatur area, lots of multifamilies too. It seems like every week i see a few more. Is there something going on in that area that everyone is cashing out? I look at some the...

In Podcast # 109, Scott talked about the limitation of insurance policies. Basically, from what I understood, the interest of your insurance company does not necessarily align with the landlord's. So when a claim is f...

Looking at purchasing my 1st rental property, a single family 3/4 BR, 2 BA in a hot area of NY's Hudson Valley. Older 2 story home (1900) with some updates. Looks good on the outside but inside it's a MAJOR fixer-uppe...

I got this email from my attorney. Any thoughts or suggestions would be appreciated. Thurmon: I was out of the office for most of yesterday, so this is the first opportunity I have had to inform you of further events...

By now, many of us in the multifamily world, and in real estate in general know that a Dallas based syndicator recently lost $230,000,000 multifamily portfolio in Houston TX. 3,200 units foreclosed.It’s very easy to t...

Starting an LLC and at the point where my business partner and I have come to agreements on how the business will be ran ect.We will be putting these agreements into the LLC Operating Agreement.  My question is once t...

So I saw a deal (if you'd call it that). There is a group of older investors ready to retire wanting to sell 7 buildings (4-plexes) on one bock for 2mil. The numbers given to me had a 5.8% NOI. Looking closer, they we...

Hello BP! So I have a dispute with a seller trying to hold on to my earnest money. The money is only 5k but still. We had in place a financial contingency and Both lenders denied the funding for that property. I was t...

I am a newbie currently exploring my options before choosing where to start. How and through what method of closing did you make your first mobile home deal? I am curious to see how it worked out for you and would lik...