Josh Boulanger
First duplex purchase: down payment
Hi all!I am looking to buy my first duplex and have been advised that if someone makes over approximately $80k a year, 15% would be the minimum down payment needed. (3.5% is minimum still for single family home)I’ve ...
Alice Foster
Down Payment on Owner Financing
I'm hoping to buy an investment property (duplex or triplex) with owner financing and wondering what if any options exist to find a loan to cover part of the down payment? Aside from friends and family-hard money lend...
Kwame Essieh
Selling Stocks for Down Payment
I'm hoping to get the communities opinion on selling securities (Stocks, Index Fund, ETFs) to make a down payment. I've always been a buy and hold investor and the thought of selling my assets to make a down payment p...
Zach Woods
Payment collection software- small portfolio
Hi BP- curious what software smaller landlords are using in 2022 for rent collection/mgmt. I've seen plenty of past posts about Cozy (now apartments.com) and plenty of suggestions for simply using Zelle.
I'm current...
Jeff He
Discounted Rent for Upfront Payment
Question for the landlords and property managers out there. If a tenant offered to pay all 12 months of rent upfront on a 12 month lease. 1) Would you take it?2) Would you offer a discount for this upfront payment? If...
Tina Enheduanna
HELOC as a down payment?
Hello, All,
I am considering getting a HELOC in order to have cash on hand for any investment that comes up. I am hearing that drawing on it reduces your FICO 50-60 points, and then your DTI ratio also goes up. Thos...
Ken Primrose
Balancing property management contract/payment?
Any advice on balancing property management fees with their responsibilities?For instance. They put a tenant in a property (I pay 65%of first months lease), tenant pulls apart all the appliances looking for copper or ...
Vania Nettleford
Ideas for Collecting Cash Payments
I have a 6 unit building and I'm trying to move away from having to go down to the building monthly to collect rent. I was able to move half of the units to paying online/cashapp but a few of my tenants still don't ha...
Alejandro Calixto
2021 Illinois Rental Payment Program
Fellow Illinois landlords, the following is a link to a rental payment assistance program that just opened for housing providers/landlords. The program is currently open for landlords to initiate an application for th...
Andy Mirza
Tax Monitoring & Payment Vendor
Does anyone have a vendor they can recommend that monitors & pays property taxes for NPNs and REOs? I'm still doing this manually, which is motivating me to find a way to automate the task :)