Steven Line
If a borrower fails a draw inspection...
Hi - I'm a hard money lender. I've done about 60 deals and all went well instead for one back in 2013. On that deal I showed up for a draw inspection and they hadn't done much work. I had already forwarded the draw ba...
AJ Dhillon
Good business income, no personal income - financing options?
Down Payment: $500k-1m (hoping to stretch this across the maximum # of properties as possible)Business Income: 300-400k net profit (Only 1 year of history so far)Personal Income: $5-10k a yearPersonal credit: credit s...
Bradford Clark
Recent Duplex Purchase
I closed on a two 2 BR duplex Wednesday which has an existing tenant on the first floor. I was paid February’s rent yesterday of $400. She has lived in building 11 years and I told her she can stay as long as she like...
Joel Brown
can't qualify for the loan on a good deal house
I have a friend that called me yesterday. He was looking for advise. He has been watching me purchase and rent properties and he wants to get in the game. He makes decent money (He is a part time college student and w...
Polo Vazquez
Deceptive Trade Practice Act and Texas Debt Collection Act
"A" went to pay HOA fees and was told by HOA the fees were $100. HOA called "A" and left voice mails in two different occasion. Approximately a month after that, "A" received a letter from HOA with an attached check...
Ulises Astorga
I am new to Real Estate Investing in AZ i would love feed back...
Hello all, I am currently debating two different paths to get started in R.E.I. Path#1: I am wanting to build up my investment portfolio, typical buy and holds and occasionally flips etc.. Path#2 I have been entertain...
Munim Jalil
New Member/Investor - NYC
Hi BP,My name is MJ from NYC and I’m looking to get into the exciting world of real estate investing. I currently invest in the stock market but want to turn my focus on a sustainable means to wealth, real estate inve...
Rachel Luoto
Help interpreting FHA "occupancy" clause??
Good morning!I am in the middle of an FHA owner-occupied live in flip. I was talking with my lender and he pointed out the following wording on my loan:"This offer is being submitted that I/we will occupy the property...
William Summer
Investment Property in North East British Columbia
This an investment deal happening in northern Canada. I am trying to verify the cash flow numbers that the property developer has given me. It is an a small city called Fort St. John with a natural gas resource based ...
Mike Landry
When is this income considered earned
My wife is a newer Realtor. She earned a commission on the purchase of OUR house that closed on December 30, 2016. However because it was our house she forgot to pick the check up at closing...it was a busy day. So...