Jonathan F.
Which debt to pay off first and why?
I'm pondering a few different options about how to use my money right now. One option is to invest in another rental property. The other option is to focus solely on paying down debt. For the purposes of this thr...
Doron Rice
Lender doesn’t allow down payment money to be a gift
Hi,After contacting a few lenders I’ve realized that the down payment money can’t be a gift. Does anyone have an idea how rigid is this rule and if there is a way to work around it. I did receive funds from my parents...
Shannon Trivett
Critique my settlement letter
Former tenant left owing approx. $2000 in unpaid rent, water and damages I've recently been contacted by the Husband and he'd like to settle his portion of the liability. They are still in the process of divorce bu...
Rivers Plowden
Small Multifamily BRRRR Financing and Credit Scores
Long time since I've been on here due to a recent move and job change or sorts. To start off, we bought a house in 2010, lived in it for 3 years and moved. We have been renting it out successfully ever since. Most rec...
Kelvin Law
Sell or Rent
Two family house
Purchase Price: $880,000
Intend to sell for $1,380,000
Current information:
1 FL rent: $2600
2 FL rent $2300
Mortgage payment: about $3000/month (inc the property tax)
Utility: appx $1800/ y...
Callum K.
Moving out prior to completion of lease
Recently a friend of mine told me about how they handle tenants that vacate the property without telling the landlord. He said periodically he will have a tenant move out around when rent is due leaving damages in ex...
Jessica Petrone
Co-signing for child/ cannabis industry issue
I'm in a bit of a confusing spot. I want to help my son and his fiance get a mortgage but we would need to co-sign. They are young, still in college one more year with minimal income. They have been approved for a sin...
Nick H.
Can you use income from ADU/in law apt to help qualify for FHA?
Hey BP,I am trying to make this deal work but right now my numbers are tight. The property I am looking at is a new construction side by side duplex, both units identical. For some reason it is not considered a legal ...
Taylor Morgan
Possible to "house hack" a second multi-family home?
Hey friends,Currently developing a real estate investment plan for the next few years and a friend recommending me to this forum for info/resources. My wife and I are leaning towards multi-family homes (duplexes, prim...
Edita D.
Tenant owes us 3700$ with intention to file for bankruptcy.
Hey there guys!We forwarded 3700$ balance due to our former tenant, however most likely tenant won't pay as he mentioned on the phone he will be filing for bankruptcy. Our property is located in Lubbock, TX and tenant...