Hello allI recently had a conversation with a co-worker who had just formed a 3 man LLC and financed their first purchase. Their largest challenge thus far was obtaining financing - so much so they hired a broker to h...
I am purchasing a duplex as a first time landlord in northern NJ. I will be house hacking however the other unit will be vacant upon purchase. I would like to be prepared from the first day of purchase so here are my ...
They want to use both incomes to qualify for the house and neither one by themselves make enough to rent. So if there is a breakup...then what. I know even a married couple can break up, and a single renter can fall o...
Hello everyone this is a question that has perplexed me while looking for hard money lenders. there are so many in the market to day making it hard to choose from.
Hello BP,Hope all your investments are doing fantastic.I’m looking for a bit of financial advice.I currently own 3 single family homes under 3 conventional mortgages each. I do not yet have my own primary residence (I...
I know ON and QC now are the most less friendly Provinces for landlords, can some landlords share their exprience? is it something to worry about ? and what is your exit strategy if after all the screening you got tra...
Hi BP members, I have a scenario that I would love feedback on. Lets say that I just bought a beautiful duplex or triplex. I ran the numbers and they showed great cashflow and investment opportunity. The house has no ...
Alright ladies and gents, I'm looking for some help! Total newbie alert!
I can't seem to make any house hack make sense!
Example 1:Triplex (3 bedroom unit, 2 bedroom unit, and a 1 bedroom unit)Purchase price = $24...
I'm a new landlord and I'm second guessing renting my farm house because I'm afraid a tenant will trash our house that's been in my family for 6 generations. A realtor is willing to advertise my home for rent - run ba...
I couldn't find one on the web or in the files on BP. Does anyone have an off-the-shelf list of ramifications for an ex-tenant who doesn't pay the judgment? I want to include something like that with the letter I'm...