Tina Lee
Mortgage statement for prinary home can i request address change
Hi all, I took this loan out for my residential condo, now I am moving away and wanted to rent my residential to a tenant. But since mortgage was applied for my primary address. Can I request an address change? My bro...
Lexie De Stefano
BRRRR ARV for House Hack too high for DTI Ratio
BP Fam,I've run into an interesting dilemma with my primary residence BRRRR/househack: The new ARV will probably be too high for my single income to qualify for DTI ratio requirements for the mortgage post-cash out/re...
Hadiya Coppedge
Mid Term Rental Tenant Morals over business?
How do I tell my current tenant that she must move out after she expressed interest in staying?I operate a 3 bedroom 2.5 bath townhouse as a 3 door MTR with options to rent the entire unit. Atm, I have a tenant there ...
Abe Alam
Buying House Hack as Primary without Fraud
Hi Folks,I’m interested in buying a multi family as my next investment as a house hack, but then eventually moving back into my primary. My lender told me that having tenants Sign a contract before moving out of my pr...
Account Closed
Tax Question: 2 Partnership returns? Can you split a 1099?
Hey all,Myself and 2 other partners had a great 2015 starting our rental property business! We have 5 properties all purchased in 2015. 4 Condos- 3 purchased in all 3 of our personal names, 1 purchased in a LLC with ...
Aaron Junck
sub to financing
I am looking at doing a deal with someone and their personal financials are in terrible shape. Great deal since I can get a bargain on their house, however my question for all you " sub to" pros out there is this: ...
Ryan Baxley
Alternative Financing in the New Year
Seller financing: it’s something you’ve likely never heard about. However, many people are turning to this useful tactic when acquiring a home either for themselves/their family, or as rental property. So, what is sel...
Nikolas Engel
How to validate personal guarantor for small business in retail space?
Hello BP,We bought a retail building last summer and inherited a small beauty business as a tenant. There have been no problems with paying rent. As their initial lease comes to an end, they want to exercise the optio...
Patrick Peterson
What are some Business Loan Prerequisites
Hi, I have a seasoned (over a year old) business and have been told a good way to get funding for starting my real-estate journey is through business loans. I do not know if my business can qualify for a loan because ...
Shahil Keshav
Debt Service Early Payoff
What are your recommendations on paying off small multi family unit (4 units) early? All 4 are currently rented.
Rent - $6,700
Payment - $4894
Note is $680,000 at 7% over 25 years
Would you suggest trying to shav...