Keith Richardson
What’s wrong with my deal? (Hard money lending rejection)
Good day, BP,I’m trying to understand why hard money lenders keep turning me down on my rehab project. The deal:Paid 60k cash for house needing total rehabAnticipating needing a loan of 150-175k with an ARV of about 3...
Vincent Pirrone
Changing My Mindset
I've been here listening and reading things on BiggerPockets for a few years now.
In December 2018 I finally decided to pull the trigger and buy my first house. I bought the house with the intention of turning it ...
Brandon Palmer
Tenant looking to move to month-to-month... Considerations?
Hi BP friends!We have a family (2 parents + 1 kid) who are renting from one of our SFRs. Their lease is currently expected to end in mid-May but they are also building a house (we knew this coming into the lease) whi...
Mario F.
Looking to buy a duplex and convert large garage into studio
Hello, I'm looking into buying a duplex in Los Angeles. My offer has been accepted but I'm still debating whether to take it. This duplex has two small units and a large spacious lot in the back along with a three c...
Tommy Barone
Mortgage Company Called Offering Re-Fi (HARP?)
Hey guys, need help since it's the weekend and need to figure stuff out by opening tomorrow am...My lender (PNC) called to let me know I can streamline refi my existing mortgage based on, I believe, some kind of expir...
Will F.
Los Angeles Auction 3-4 unit.
Hi so some background-- I'm looking at a 3-4 unit auction in Los Angeles city. It's under rent control.
Is anyone familiar with purchasing small multifamilies under rent control?
I have familiarity with the city as...
Aaron Zike
Offering Seller Financing
An elderly friend of mine wants to stay in his multi, but can use extra cash each month. I ran some numbers and I can just barely break even on cash flow keeping him in it. I figure I could offer him to do basically a...
Bruce Gaines
Landlord or tenant garage door repair
I have a tenant who recently sent a repair request to my property management concerning the garage door not working. The tenant sent a general request (garage does not close). I requested further information tenant...
Benedict Feole
How to Sublease Rooms without Rmmts Knowing You're the Landlord?
Hi all, I'm getting a three-bedroom place in Brooklyn (Greenpoint) and am going to furnish the full place myself (I took the lease in my name), and sublease the other two bedrooms for more than mine on 3-6 month lease...
Anna Watkins
Another question on FHA & service animal rules (with a twist)
I have a potential applicant with a big dog (a Husky) for a room in a student rental/shared house that I had intended to be a "no pets" rental. I'm told that the dog is a seizure service animal for the young man, who...