Bob Malecki
Question on 2nd position npn in CA -- can I contact borrower?
Hi All,
I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...
Kyle Jones
Advise need after Hurricane Harvey
Hi Everyone, I'm due to close on a 21 unit next Friday, Sept 8th. This is my second MF purchase. I received the following email from the broker this morning, and I'm curious to understand how I need to handle this fro...
Mauricio Ramos
16unit Apartment Syndication - South Texas
Hello BP Family,We are excited as we are getting closer to our next acquisition: a 16 unit apartment complex in the Rio Grande Valley. We will be bringing investors (friends & family) for the downpayment and closi...
Todd Powell
Should I leverage smaller units into larger apartments?
Hoping to get some input here. I started flipping properties back in 2001 as a part time hobby, as I had a full time job and active family. After flipping some 25 properties, I realized that buying and holding would p...
Trevor White
Multiple Business Functions In One LLC?
Hi all,I currently have an LLC from a prior business where I sold things on eBay. The business is still active; however, I'm not ordering any new inventory and plan on stopping operations when all my current inventory...
Derek Tellier
Renting a room to your kids 18 year old friend?
So posting in off topic as I really don't know how this fits in, just wondering if anyone out there has been in this situation. My daughter's friend turns 18 at the end of August, her grandmother has already said once...
Khoa Ha
Zillow 1st Home under their new initiative. What do you think?
Hi BP,So Zillow have finally entered the buying and selling property business. Here is an article briefly describing how the experience was for Zillow and the home seller: https://www.geekwire.com/2018/inside-look-zil...
Ali Hashemi
Advice on structuring a deal - SFH San Diego
Hi all,My brother in law is in the navy and just got orders that require the family to relocate. They’ll be leaving San Diego and selling their house. I really want to buy their home and turn it into a rental but I do...
Andrew Emery
Recent college grad thinking about wholesaling lease options
So this is my story: I just graduated from college and have been extremely interested in REI for about 2 years now. My original plan was to purchase a house using an FHA mortgage and then rent it out while I lived the...
Quang L.
First commercial loan questions
I did plenty of residential investments and loans with online lenders. But doing first true commercial loan for a retail building (1.5M loan with 75LTV) can be a different experience due to different qualification pro...