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Results (10,000+)
Collin Hays Refinancing my STRs at 2.5% 30 year fixed!
27 March 2020 | 22 replies
Hopefully, most of the BP posters are not over leveraged, and have sufficient reserves for the next 2-4 months.  
Sebastian Hernandez HOUSE HACKING - BEST ADVICE?
29 March 2020 | 22 replies
Not only the property has to appraise, but the property also has to pass the self-sufficiency rule, meaning 75% of income (if it's a 4 unit - the total amount of rents from all 4 units) has to cover 100% of the mortgage payment: PITI.In Chicago that's a challenge, so make sure your Realtor knows how to navigate everything that will pop-up after you place the property under contract.Lastly: If the property needs any work, take advantage of the 203K rehab loan or the streamline FHA loan ( lower amount of renovation cost, up to $35,000 including reserves).Good luck to you!
Megan Brooks Extra screening now for new tenants
20 March 2020 | 1 reply
As an example, they had:- Solid work & rental history (10 years in their current rental)- More than sufficient income (I require 3x rent but they had about 7x)- No prior evictions (this is a hard rule I will never waiver on)- Positive overall credit picture (not a single late payment on any of their accounts when I ran their credit), plus credit scores for both spouses in the mid/upper 700sSo, although I can't see into the future, it just isn't likely to me that applicants like this are going to get into my property and suddenly start paying bills late (or not at all) for the first time in their lives and tank their credit or risk an eviction. 
Paul Dashevsky CA ADU solar requirements?
20 March 2020 | 1 reply
Worth a google search and investigation.I am told that if you are doing an "addition" as in garage conversion solar is not required, but if new construction solar is required if there is space and nothing blocking sufficient sunlight.
Lei Zhao Leasing Agent Fee Tax Deductions
13 August 2020 | 13 replies
Would postponed contract be sufficient to justify if get tax assessment?  
Lawrence M. Utilizing the Va homeloan and va rehab
21 March 2020 | 2 replies
The big things to watch out for are that if you want a 3 or 4 unit you will have to meet self sufficiency guidelines just like FHA.
Gary Parilis inspection contingency while on C19 lockdown
21 March 2020 | 0 replies
I'd be willing to write an offer on certain properties sight unseen if I can be sufficiently protected by an inspection contingency, but I have no way to know what its length needs to be.
Angela Pynenberg New Member in Neenah, WI
2 April 2020 | 11 replies
The goal is to have at least one apartment complex where low-income individuals can live and learn to self-sufficient within the next 10 years.  
Account Closed Coronavirus deaths 348 Since Jan 1 - Flu deaths 23,000 Since Jan
1 April 2020 | 15 replies
They manufacture it in quantities to meet the need for malaria not what is happening now. so it could be the next mask shortage. 
Jared Comeau Canadian looking to invest in the US Market
23 March 2020 | 5 replies
@Jared ComeauIt's ok to use your personal name on an offer but give yourself sufficient time before closing to have your attorney close with an entity And make sure you know what structure you want when making an offer as you dont want delays in guesswork figuring it out afterwards.In terms of entity structure depends on your strategy and goals.