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Freddie Mac Home Possible "Primary Residence" requirement
Hello All,I'm very interested in taking advantage of Freddie Mac's Home Possible program in order to purchase a multifamily 2-4 unit property. One of the requirements was that it would have to be my primary residence....
Kenneth Littrell
Soldier Turning Real Estate Investor
Hello everyone! I am really excited to be here. My name is Ken. I am a career soldier approaching Army retirement in two years. I have always been interested in real estate. I made some money on the sale of my house ...
Rodney Kuhl
SSI income doesn't meet 3x monthly rent criteria - still ok?
So I have 3 applicants (a brother and 2 sisters) who don't work but get SSI disability income. Rent for my property is $850/mo, and I am requiring 3x the monthly income, which is $2550/mo in income. Combining all 3...
Kyle McKiernan
Property Management Companies Memphis TN and great Areas
I'm currently in the process of looking for a new PM to manage my duplex in the Memphis/Bartlett area. Before I get into that I thought I would ask other users their thoughts and opinions on an idea I had. We all have...
Nate Boda
FHA vs Conventional Financing as it pertains to CASHFLOW
Ok so here's the scoop:I am a beginning investor looking for my first buy and hold investment so as to get my feet wet. I am headed in the direction of a multi unit; a four-plex would be great since that is the maximu...
Jeni Nikolova
Terminating lease 52 days before reassignment date with PCS
Hi, I would love some insight and perspective on an issue related to early lease termination.Our tenant, a military family, told us at the end of December, a bit less than 4 months after they moved in, that they had g...
Shweta Patel
Mobile Home Park or RV? Pros and Cons?
Hi BP fam,I am a rookie that is starting out in the MHP arena and interested in investing. I have done a bunch of SFH Rentals, but want to make the jump as I have heard it is a great market to explore. I recently was...
Terry Royce
Loan for rental Property
Have you tried to talk to your local bank? Not one of the large conglomerates with a branch in your city, but a true local bank that is headquartered in your area. If you've got cash to put down, I'm sure they'd tal...
Ryan Giblin
When should I invest?
Hello BP Community,I just turned 24 years old and got my first "big boy" job with a defense contractor. I am eager to begin investing in real estate but I'm not sure what the right timing should be.I got into a leader...
Seth Holmen
Cash purchase to Long-Term Debt. - Illinois
I lost out on a 4-unit building with a conventional financing offer. I need to refine my strategy and provide a stronger "cash" offer on the next one. I have a few ways to pull this off but I don't fully understand th...