Douglas Middleton
HELOC 1st Lien Position
Hi fellow BP Colleagues! I am searching for a lender that will provide a HELOC in the 1st lien position on 3 rental properties I own. I am finding lots of evidence of this elusive loan product around the BP forums,...
Thanh Nguyen
Dodd Frank and Lease Option!
I keep hearing all this crap... So will I or Will I not be able to do lease options and subject 2s with the DOD frank laws changing?
Steven Smith
Purchasing A 4 Unit Property With Negative Cash Flow. Bad Idea?
Hello Everyone. I'm in the process of closing on a 4 unit building in CA in which I will live in one of the units. I will be raising rents about 8% since the current owner hasn't raised rents in a long time. Even if I...
John Williams
Downside of the 1% rule...
Here's why I don't like the 1% rule...A buy-and-hold investor should think long-term. The 1% rule doesn't matter as much if you have a 5-10 year investing horizon because it does not take into account appreciation or ...
Andrew Syrios
The 2% Rule is a Bad Rule: Discuss
I am not a fan of the 2% rule, although I will say I think rent/cost is my favorite calculation. We usually determine what type of rent/cost we can accept in any given area and go from there. According to Gary Keller,...
Mitch Messer
Mortgage Rates at All-Time Lows. So, Why Can't You Get a Loan??
If you are currently applying for a mortgage or HELOC, or are involved in a purchase transaction where someone is getting bank financing, or if you just want to understand how the mortgage lending ecosystem really ope...
Ken Rishel
Largest RTO Company Shut Down in Wisconsin
As many of you are well aware, I am no fan of RTO or LTO as I believe there are serious legal issues at both state and federal levels involving the concept of both of these being a form of a disguised credit transacti...
Tim Porsche
Cheapest Way to Set Up Self Directed IRA
Hi All,I currently have a little over $6,000 in a 401k from one company, and a Roth IRA from a second company. I no longer work for either company, and would like to move that money into a self-directed IRA and invest...
Susan Shen
Does property management com have right to hold last month's rent
We have a duplex rented out as student housing on a yearly lease in Philadelphia. Before move in, tenants are required to pay 1st, last months' rent and one month rent as security deposit. Based on contract we have wi...
Shane Bracewell
New Orleans New Construction Small MFam
Good evening. Does anyone here have experience with new construction in New Orleans? I am looking for recommendations on possible lenders who can finance with construction loans, and would also appreciate any advice r...