Paresh Patel
Elevation Certification for Flood Insurance
Own a 2 flat in a flood plain area. Paying huge sum to FEMA for flood insurance. To appeal for the flood insurance, i was told to obtain a elevation certification and submit it to FEMA for review on the premium. Any ...
Glenn Espinosa
Sigh, learning along the way..
So my first forray into using a HML has been smooth sailing thus far, or so I thought.
We're set to close on a property this upcoming Monday. When I put my offer in for the house I had worded it as an all cash offer....
Account Closed
Rent To Own Company
Sitting here working on a Rent To Own company business plan but I can't find the answer to this question. Do you need to be a licensed realtor to operate a Rent To Own?
Mike Landry
$200k down on $332k house denied fha loan. RMLO private loan???
We have our primary house for sale and under contract for $332,000. We just found out (10 days before closing date) the buyers where denied their fha loan even though they are putting down around $200,000. They are ...
Cameron Riley
Class C Property Owners.... Pre-Set Qualifications????
Scenario: You Own A Home, A Duplex In An Urban Area, The Property Is Considered "Class C"... The Area Has Some Riff Raff And You Know This. It Is Time To Start Renting Out Your Property, Your Goal Is To Obtain A Good ...
Ceril S.
Property first on-site look - code violations - how to get educated
Hi BP gang!I'm still a few months out from jumping in so I am in all out research mode.I convinced my wife to go to our first open house on a 2 family today and it was kinda scary!Not scary as in we were in danger, bu...
Joel Geisel
Section 8 Coincidence or Not?
I recently bought a townhome in a suburb of Minneapolis - 2Bed/2Bath. The going rate in the marketplace is about $1,600/month for rent. Once I listed this property for rent I received 50+ inquiries. To reduce the volu...
William J Stratton Jr.
Purchase price of a multifamily
I have a triplex. It is appraising at $120,000. How much should I try and purchase it for? I have heard to try and purchase the property for 10% less than what it is worth.
Mike Miller
Intent To Rent: Capital gains vs Income Tax?
Hi All,I’ve been tossing over in my mind my current situation. I buy SFRs and use the rent-to-own model with them. My model is a little different in the sense that I treat the house more like a rental. Here’s a few ex...
Aimee Tarte
Hard Money: Finding the best terms
Hi everyone! I currently own two rental properties, and a business that has an SBA loan that put liens on both of those properties. I am thinking of getting a hard money loan in order to pay off the SBA Business Loan ...