Brandon Shim
SFH --> Appraisal --> MFH
New to REI, but wondering if this could have any value.Since single family homes usually appraise for more than multi family homes, would it make sense to rehab a SFH into MFH, leave a doorway open, then get it apprai...
Ben M.
Shocking tax increase
I have hired a company to do the tax protest for me. Last year the assessed value was 110k and the tax protest company brought it down to 107k. This year the assessed value was a WHOPPING 208k and the tax protest comp...
James E Fraley Jr
Landlord vs. Tenant Expenses
Can I charge the tenant for the cost of a clogged toliet even if it's stated in the lease? I have heard that's one of the issues Landlords are NOT responsible for.Thank you for any advice!!
Arlen Chou
Seller with tenants but NO lease in place...
Hello BP World,I have an interesting situation. I am looking at a property that is not under rent control. There is a tenant, but the home owner and the tenant never put a lease or rental agreement in place. The ten...
Edgar Diaz
How to show down payment when applying for loan
Do I need to prove that the money I have for a down payment came from income reported or can I say that I got it as a private loan? I am going to apply for a mortgage pre approval but I don’t know if I can show the mo...
Rich Hupper
First flip major settling statregy
Hey folks. I am working on my first flip. I had to hire a GC because most of the work is beyond my expertise. The home was built in the early 1900s with a field stone foundation. There was significant settling that le...
Joseph Blauwiekel
Problems with ProTitleUSA?
Is anyone having a problem with ProTitleUSA? I ordered a title report on an asset for $137, then they emailed me saying (paraphrase): "Our abstractor had to go back to 1960s to get the 2nd family deed and we need to ...
Account Closed
NY Tenant disappeared with most belongings left behind
I had a tenant here in New York who disappeared early last February without a trace and left almost all her belongings behind. I could not reach her, and eventually her phone got disconnected. About a month later, i...
Brad Hughes
504 AND 7a loans
Hi! I'm looking to speak with a Bank Specializing in BOTH the 504 *AND* 7a loans to acquire a $5mm Luxury Wedding Venue on 30 acres with a vineyard. All the banks I've talked with only specialize in one or the oth...
John D.
LLC question
I am researching lenders to see what would be the best fit for my investment property needs. I have found a lender that does not lend to individuals...they only lend to legal entities. I asked if a personal guaranty...