In my 8 years of landlording, I have relied heavily on background and credit checks. But now I have a vacancy and an applicant who is a foreign student at a local college. He does not have a social security number, bu...
People have asked me how I was able to own 1,000 apartment units. It seems impossible and too good to be true.But it's really NO BIG deal. I've been doing this since 1999. Other investors who figured this out actually...
Hi BP,
I own 2 rental properties in Baltimore MD and i am first having trouble deciding on whether to place them in an LLC or not (I plan to slowly scale and house hack a new property once a year). If so, I am having...
Hello BP team,
I am getting ready to make an offer on a bank owned MF unit. List price is 73,000. This would be a complete gut on both apartments to include new plumbing and electrical. The property has been vacant...
Most of the posts I'm reading are about people trying to buy short sells, so perhaps this is an opportunity for someone out there. But, I'm on the other end.
There are lots of foreclosures in the area so comparable h...
Hi,About two months ago, my property was condemned. I tried to do a deed in lieu with the bank because of the initial issues I had with their mortgage officer of being unethical. Too much happened here and the bank do...
Hello BP community,We are looking for a 30 yr fixed llc mortgage for a $70,000 duplex that we are purchasing. Any leads or suggestions would be greatly appreciated.We are located in Southern Illinois
Hi Everybody!I'm new to this business but after years of thinking about it I've finally decided to go for it. I've found the property I would like to purchase first. My question is, does anyone have any advice/recomme...
Heard Wells Fargo and Bank of America offer deposit only cards. Went to both banks, nobody knew what I was talking about. Heard Chase did offer, but discontinued. Went into Chase, they said "sure, we do that!" Cha...
Hello,I'm seeking a HELOC for my condo and was wondering if anyone had recommendations for banks. I just spoke with Bank of America and it sounds like it will be a slog, like 8 weeks to close on it. Was hoping to clos...