6 August 2024 | 2 replies
Hi @Travon MooreWelcome to BP and thank you for your service!

9 August 2024 | 13 replies
On your other two points - The ARV is from recent comps in the area in the last 6 monthsThe rent is also very good/decent in the area (from Section 8 tenants) - approx $250/month of cash flow when you remove the mortgage etc.

6 August 2024 | 6 replies
If I have clearly explained the requirements, the time frames, and clearly set expectations, I know that the borrowers will be happy with our service.

2 August 2024 | 18 replies
They will give you a basic second line for $10 per month.

8 August 2024 | 7 replies
But I don't think the borrower for the loan would change, so that means each month, my tenant would pay rent to ABC LLC account under my property manager, and my property manager would distribute the funds to my sole prop business account, and my sole prop business account would pay the mortgage.Will the tenant have a case to argue that I am commingled with my LLC?

9 August 2024 | 5 replies
Monthly joint income is 7X the rent and one credit score is 630 another person is: 712.

8 August 2024 | 7 replies
We did a 6-month inspection a few months back, nothing really turned up.

8 August 2024 | 29 replies
I started investing 4 years ago doing BRRRR, right now I have a portfolio of 6 SFH worth around $1.1M with $600k in debt and around $1.5k monthly cash flow.
5 August 2024 | 5 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

8 August 2024 | 2 replies
I've now owned my first rental property for about four months and am now looking to purchase my second property.