Tom R.
LOI/PSA accepted 200+ unit in Atlanta - Need an Inspector for DD
Hello BP folks,I just picked up a 200+ unit in Atlanta GA that we'll be syndicating and I could use a recommendation for a seasoned & thorough property inspector for our DD process.I'll be in Atlanta end of next w...
Jennifer Dargento
*(Time sensitive!)* House Hacking for FIRST Investment
Hi all,I may have just found an opportunity to house-hack a duplex (both units for sale) in the town I live in but I don't have enough capital for a conventional loan downpayment. I'm hoping I can put in an offer ASAP...
Robert Williams
Information packet for mortgage lender
I am looking for an article I read on BP years ago that didn't apply to me at the time but now it does. The article was about creating a packet of info to forward to the mortgage lender that contained all the info ne...
Abhishek Kapoor
Tenant in TX is requesting W9
Tenant in Dallas are is requesting W9 because they contacted "Agency" and they needed the W9 so that they can assist the tenant with utility. This tenant is frequently late with rent and is generally unreliable. W9 is...
Reese Thompson
Flawless Credit Report, Bad Credit Score?
My wife and I are in the process of opening a HELOC on our personal residence. The banker said that my wife's credit score was terrible, so she put it in my name only. At first I thought, "No big deal." Then we rec...
Angela W.
Purchasing Land and Building Utility Line
I'm thinking of purchasing land from the outskirts of large cities than building out the utility lines so they're ready for purchase. The issue is how long I'll be sitting on them since the economy is slowly going dow...
Terry L. Conrad, Sr
Accounting for utility payments
I have been doing due diligence for properties available in my area based on the 50% rule and $100/door cash flow. What I cannot account for is the utilities. Some of the properties have separate utilities that the ...
Forrest Hopkins
Home Equity Loan on Investment Prop?
Hi there! I've been scouring the internet looking for an option here. I understand TX does not allow for traditional HELOCs on investment pieces. I have a buttload of equity in an investment property that I would like...
Amy Hu
Help-list says boiler intact but actually broken, lesson learned
Hi-We bought a property last year in Cleveland and did heavy rehab on it.The original listing says clearly that "boiling system intact" . Recently my contractor reported that the boiler is totally not working and need...
Michaela G.
Mortgage vs line of credit
Just thought I'll throw this out, as I don't think everyone knows: A mortgage is coded as installment and is seen differently on your credit reports from a credit line, which often is coded like a credit card. Subsequ...