We are under contract on a property with an existing tenant that has another 10 months on their lease with a HAP contract. I am unfamiliar with section 8 and we have never owned a property with a HAP contract, looking...
BP Family - I have a tenant who does not pay rent on time. I am using Maryland Rent Court Services to serve the eviction notice. However, the tenant is also running a message business out of the apartment with multipl...
I did BRRR method for an awesome SFH in Williamsville NY. Tenant moved in July 1st and last week it was raided by police. Tenant was using this as an illegal massage parlor. I was notified by the Fire dept since th...
Have you ever had to cover a funding gap in a project? What solution worked best for you?
Hello everyone. I have a few questions about a deal I'm looking at currently. There would be no way to pull it off with a conventional loan as I'm cash poor. The deal is a little over 6m. I'm trying to get seller fina...
Looking at buying a mixed use property multifamily/office with 4 occupied apartments and 2 offices. It will be owner occupied, I would like to finance the property with the lowest down payment possible and a decent in...
Hello BP community!
I own a 4 plex in the LA area. Trying to decide if I should sell it and do a 1031 exchange for a 5+ unit or do a cash out refi take that cash and go in on a 5+ unit with a partner. I'm hesitant to...
My partner and I are moving to the city soon (Burlington VT) and are going to be house hacking in a fairly small apt on one side of a duplex we are going to purchase. We currently have a home office in our house, but ...
I have a seller who owns 5 rental properties under one loan. He bought them with an LOC. The seller no longer wants the properties and will allow me to take them over. The loan is at a 7.25% and I would like to take t...
if i have a property for $5.6MM and the NOI is 320k. Is there a fast way to get a rough estimate on what it will cash flow?does it all depend on the type of financing? 15 year vs 30 year would completely change that ...