Hi-  I've made an offer on a bank owned property.  I was then asked to give my highest, best offer.  I provided that (only 20k away from their asking price)  I just received a notice that they countered at 1k less tha...

Hello BP members,I am excited about offer getting accepted on our first MF Investment property in South TX market. Now comes the hard part, I am looking for a commercial loan with 20% down and 25-30 year term with 5% ...

Hi BP familyI'm getting ready to close on my first income property with Wells Fargo.  Closing cost are $2792.  Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501.  The other cost inc...

I recently found a vacant home near my neighborhood. It has a notice on the door saying it was found vacant on 8/30/22 and that the mortgage lender/bank was notified. It also has a paper on the window saying it has ha...

So I'm just starting out trying to do BRRRR in the Memphis, TN area.  I'm doing a pretty good job of building a team but I have yet to find a loan partner for the cash-out refi.  Any advice or recommendations from tho...

Hi All,Currently I am a Property Management Company with 20 units that I manage. At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LL...

Hi Guys,
Having several properties divided into several LLCs.. these LLCs are owned by a Parent LLC, which is owned by a partnership.
LLLP -> Holding LLC-> Rental LLC1/ LLC2 / LLC3

All income/expenses are f...

This is my first short sale. I put in my offer and it was accepted by the seller. Now, I have to wait until the bank approves the offer. So, here I thought my all cash offer with a 30 day close would be a quick turnar...

Evening professionalsNeed some answers! I purchaced a primary residence on 2004 at the high of bubble for 385,000 in RI. We put down 80,000 down payment and financed 305,000. 2 yrs later we got a 2nd mortgage out arou...

I'm curious if anyone here has actually had any luck in pulling off this scenario.Small community bank is selling an apartment complex - in this case its 14 units.Instead of a traditional sale, they simply assign the ...