I will.There is no legal definition of a private or hard money lender, @K S.

I'm going to cut to the chase: a so-called "contractor" had his employees do some work in one of my rental units. The worker poured grout/mortar water into the tub. Needless to say, two weeks later when the tenants m...

I have a potential lead, but I need some assistance on getting started.

This error in my calculation diminished my potential cash flow for year 1 and putting me in the negatives.

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊Kayla,You could utilize a DSCR loan with a lender that utilizes market rents or potential Short Term income as a possibility.

Different areas offer varying qualities, but most hold investment potential.

After talking to a legal analyst at the lawyers office, she indicated that I cannot communicate with my ex-tenant. 

While considering raising the rent to reflect the market rate and adding an additional $100 for utilities, I find it challenging as we have built a positive relationship with the current tenants.As for our Studio (STR), I would appreciate any suggestions on ways to optimize the income potential of this space.

You don’t mention what your current income level is between you and your spouse with regards for the potential to help subsidize this entire endeavor.

I want to know when I've found a good deal in order to speak confidently with a potential seller.