Hello BP, my first post. I have a dilemma where the lender is asking for a 25% down because it’s a multi family unit I’m trying to purchase. My cash on cash ROI number is getting destroyed. My big concern is getting t...
Although people will strongly argue that banks should have higher standards imposed for liquidity and leverage, opponents of the Basel III have said that it will put many of the smaller, local banks in the U.S.A. out ...
Hi, I am a first time buyer under a FHA loan for a $350,000 home; down payment of 3.5%. I’m a little nervous, while raising capital, if the seller will cover my closing cost. I am currently saving capital under the gu...
I'm in contract for my first rental property in the Buffalo area and will be inheriting a tenant who is currently paying way under market value. Property is a side by side duplex (each unit is 900sq ft, 2bdrm/ 1ba) On...
For 2017........The Basic standard mortgage limits have increased. The ceiling has also changed for many area's meeting the criteria as well. Here is some info you may find helpful on the limits as well as links to lo...
Hello all!I'm part of a group that owns 10 commercial buildings in San Diego, CA. The time has come to buy out two of the partners, but we're struggling with the valuation. The buildings are unique, old, all different...
Hi BP,I understand that with Section 8 Housing, there are vouchers that tenants will have that allow the city to subsidize part of their rent. However, there are limits that correspond to the bedroom size as shown her...
I've always done own taxes and just claimed the standard deduction, but now that I have rental property I'm dumping a lot of money into, I'd like to outsource that to a professional. Can anyone recommend someone who h...
Hello, I would like to increase the visibility of my rentals beyond the standard postlets/craigslist route. Anybody had any luck paying for advertising anywhere online?Doug
If your strategy is long-term buy and hold, how long do you prefer your tenant leases are (in a class C area)? And, why?
A) Month-to-month
B) 6-months
C) 1-year