Stuart Cairns
Mortgage Interest Rate and Points
Scores above 780, 25% downpayment. 2 investors. What is today's interest rate for an investment triplex and would points be expected to be paid.
Chris Hodge
Rental Property Flooring suggestions
Hey guys, nearing closing on my first investment property. The property is going to need flooring and paint. In your opinion what is the best flooring for a rental? In terms of it looking stylish and durability? Where...
Shaun Lloyd
Combatting rising HELOC rates
Greetings all and Happiest New Year!In 2022, I pulled out a $95k HELOC (Adjustable Rate) as Down-payment to buy a duplex for rental income. However, since the fed keeps raising rates, the payment has gone from $325 to...
Ethan Neumann
Wholesaling VS Syndication
I am running a wholesaling operation right now generating about 20-30k a month. However, with three partners, we're doing all the work ourselves besides one VA. I'm making the jump to multifamily and want to go all in...
Account Closed
Any recourse on bank reneging on a pre-approval?
I'm buying another duplex in PA. I was pre-approved for 5% down and $250,000 loan amount. The bank then said we could do 7.5% down in order to avoid mortgage insurance, which was great to hear. So I put it in an of...
Kathy Brasby
Evict for nonpayment of late fees?
We have a tenant who consistently pays late in the month and has refused to pay the late fee. Our lease calls for a $50 late fee if rent is not paid by the 15th of the month (this per our lawyer's suggestion) and our ...
Jason Coleman
Insurance Claim for Fire Damage
Hey BP,So I had my first fire in one of my rentals. This was an electrical fire and NOT the tenants fault. I filed a claim and my insurance company is estimating the damage currently. This is a 4 unit property and luc...
Ulrich Faircloth
North Minneapolis - First Duplex Opportunity
Hello all! So I'm in a bit of a fix. For the past few weeks I've being trying to figure out what to deal about getting my first duplex. The problem is...I'm only qualified for less than $130K for a conventional loan d...
Tanisha W.
BUYING AND RENTING IN ANDERSON, INDIANA
I just got back from a trip to Indiana and had a chance to look at properties in Indianapolis and Anderson. I found a house I'm close to making an offer on in Anderson. It's in a low crime and well maintained area in ...
Calvin Ly
Asking Seller for Repair Credits
Do you guys typically ask for credit for repairs that need to be made on a property you are trying to purchase? If yes, how bad does the particular repair need to be (in dollars)? Or do you guys use it as a tool to ge...