Dean Klein
HELOC paydown strategy
I've got a HELOC balance of 60k at 5% interest and the monthly payment is 1% of the balance so around $600 a month. Normally when my rent comes in every month, I have 6-7k leftover after my mortgage payments and other...
Sean Lovan
Anyway around getting an FHA Loan without 2 years of W2
I just talked to a lender and he states that I wouldn't be able to qualify for a loan due to not having much credibility from my W2 statements.The previous two years I wasn't really working. I was in college and didn'...
Robert Chiang
Loan Officer Request Questions- Are These Standard??
I'm getting prequalified for a loan at a large national bank. He requested for my pay stub, last 2 years tax returns, any applicable w2 and k1, and 2 months bank statement for source of down payment. This all seems ...
Mike Nik
Building systems for Airbnb houses
Hello all,I'm wondering if anyone has a set of "blueprints" for building a set of systems for their Airbnb property? I am just starting with this myself after reading "Work the system" and EMyth and realize how impor...
Robert G Turnier
Rent reduction for those affected by Covid-19
We currently have 11 units, excellent tenants and most of them are losing sources of income. As a proactive measure we reduced their rent by 50% for the month of April and will look at May in a few weeks. Is anyone el...
Jerry Hill
Parking Issues at a Triplex
I have a triplex on a lot with no room for parking in the back, is on a narrow street and each unit has its own driveway and garage. It is a new build and not completed yet, so . So before I have concrete poured, I am...
Nick Larsen
Interviewing a Hard Money Lender
Hello BP people! I am wondering what are some good questions to ask and things to look for when interviewing a hard money lender?
Zechariah Troth
Southern Tier Investing
I'm trying to buy my first SFR and would like some insight on purchasing. I have many questions and I've narrowed my desired locations down to Hornell, Corning, Bath, Horseheads, Elmira and or Binghamton. If any one l...
Kadeem Swenson
Hey Everyone in the DMV!😊
Hey amazing comrades! Just moved back to the area from College in Brooklyn,NY and would like to introduce myself. I strongly believe in teamwork and that it's enough room at the top for everyone! More importantly, I b...
Account Closed
Louisville kentucky contractors
Any advice so this doesn't happen again in the future.I signed a contract with Juan and Kevin with Nueva Vista Properties to finish my unfinished basement. This was a BIG MISTAKE. We signed a 3 month contract but the...