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Hi BP, I'm trying to buy my second home, hopefully a multifamily, with no money down by using business credit or a private lender for the down payment. My question is how do I use the income without the banks wonderin...
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Hi All,I'm an investor , got an offer from a developer to invest together with the developer in rental single in FL.Purchase price : 80kRehab: 10kTotal investment: 90kAVR : 120kRental: 1100$ per monthI will invest 60...
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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...
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...
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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 ...
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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...
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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...
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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...
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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...
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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...