All Forum Posts by: Steve DellaPelle

 The good news is you're on the right path! BP is a great community with TONS and TONS of experience and knowledge to pick through. BP also has several great podcasts including a show for Rookie Investors such as yourself. And they have a great number of books to choose from that will answer a lot of your questions.

No, I don't work for BP! I'm just a product of their resources such as a lot of folks here. Let me know if you have any questions, I'm happy to connect :)

Nice, I would almost always recommend either SFH and renting out rooms or finding a duplex that you can house hack using FHA 3-5% down. Best of luck!

Welcome to the forum, what are your goals to get started? Are you thinking of house hacking or going a different route?

I appreciate the response! I'll definitely be looking at DSCR loans as an option.

Thanks! I've heard of DSCR loans but never got around to researching them. Do SFH's qualify if used as a rental?

What are common loan options when looking to purchase an out-of-state rental property under an LLC? This will likely be a long term buy & hold, either SFH or a 2-4 unit building.

Is a 30 year-fixed loan with 20% down possible?

Or is an LLC limited to different, more strict options?

Cheers!

Great job, it must feel nice realizing the properties full potential. And you said you moved out, were you able to purchase another property? What did that deal look like?

The fact they already asked means they will 100% move illegal tenants in. Illegal meaning not on the lease. That's a hard pass and it's 1000% worth it to wait for the right fit. That comes from personal experience as a landlord and working in professional property management lol

Shots fired! We ended up collecting rent from Tenant A and her co-signer. The current tenants (B) properly applied for the apartment and the landlord okay'd the application. So far, all is well :)