Ali Kassam
Need a hard money lender near Arlington, VA
I put in a $350,000 offer on a home in Falls Church, VA that has an ARV of $525,000 and estimated renovation cost of $75,000. This is my first flip and I'm on the market for a hard money lender. If you or someone yo...
Linda Roberts
Handling last month rent, how to charge the difference?
My tenants have lived in the house for several years. During this time, the rent has increased by $650. How do you handle the difference between the original last month's rent and the current rent? Do you require tena...
Junior Correa
Purchasing 4 plex w/ tenants
Hello BP,I just had an offer accepted on a 4 plex which is completely tenant occupied. What are steps or items I need to do during due diligence and the transition process?I'm in FL if that matter.Thank You!
Ivan Jouikov
Buying Sub2 - what about homeowner's insurance?
As far as I know, you're required to carry homeowners insurance when you have a personal residence.
If I, as an investor, acquire a property subject to owner's existing financing, what about their homeowner's insuran...
Baran Giredunluoglu
how much money will I need?
in my city houses are priced around 60k - 80k. around what price range will i get a foreclosed home in my area. and how much should i set aside for extra closing cost fees and repairs on the property
Robert Del Rosario
How to Refinance a Quadplex?
Hello community, I'm trying to mitigate some more risk when buying a quadplex. My plan is to buy a quadplex with a private lender and then refinance with a long term lender ... but I'm already concerned that I might ...
Yuri Chernousko
Out-of-state renters - too good to be true?
For those who screen tenants on their own: does any of this feel like a trap?- A prospective tenant replies via CL to my ad of a house.- Says they (herself + husband of many years) are packing a car to move from a ban...
Jeff Jakubowski
Moved and turned 1st house into rental, what next?
2 years ago I moved to be closer to work and turned my old 3 bed/2 bath townhouse into a rental. Renting it out has gone fine so far, so I want to do more rentals, probably similar properties in the same neighborho...
Brandon Cao
Fannie Mae 2% Sellers Assist -- Security Deposit Included?
Hello Everyone,
For those experts in Fannie Mae guidelines, the 2% sellers assist exists for investment conventional loans. Say I have a fully rented out duplex investment property with the following information:
A...
Suduk N.
Paying points and roll in closing cost to Refi worth it?
My current MFH in Chicago rate is 4.5%. I couldn't find anyone who can beat that rate with no points no fees. There is an options for me to buy 2 points down to 3% with an all in closing cost of about $14k which all c...