Nicholas Q.
Rehab With Existing Tenants
I have a 2 bd 1 ba SFR in Seattle. The basement is partially finished, but I plan to spend ~$35K to put in another bedroom and bathroom in the basement. I figure I could increase rents by $500/month (17% Cash on Cas...
Cheryl Daniels
Multi-family Home Room Addition
Good Day!This is a 3 unit multi-family apartment home. Also this is my first home and I am new to landlordship. Currently, I occupy the first floor, 1 bedroom unit. I want to add a room to the first floor and later a...
Davin Manfredi
FHA mortgage and Marriage
Hello everyone,
I currently own a house hack with an FHA mortgage and I am the sole owner of that property. I am going to be getting married in a year, and I was wondering can my spouse get an FHA loan after we are m...
Craig De Borba
Looking for guidance - here’s the scenario, your thoughts?
Hi All,I’ve been learning a lot reading though the threads in this community and finally have something to post about.My background: RE appraiser and loan financing way back pre-2008 crash, helped family landlord mult...
Will Ducusin
Will a co-sign to a loan increase the chance of pre-approval?
Me (and wife) are from Tennessee. My brother and his wife are from California. WE are planning on buying our first single family rental property in Tn. I and my family will be the first "tenants" for the property. Ou...
Matt Bowers
What should I do with inherited tenants that had verbal leases with prior owner?
(We're in Seattle.)This is my first post on BP!I'm closing on a triplex on July 31st that currently has tenants. The tenants are all month-to-month but two units only have verbal leases. Repeat: NO written lease. We w...
Vijay Jain
Friday Trivia on addressing rent increment
I inherited tenants who are on month to month lease when are purchased multiple SFR in central valley CA about 6 months back and after purchase I pass on Sewer and water bill to them (old landlord was paying for that ...
Jerome Morelos
Financing a Detatched ADU using Renofi.
Hey BP, does anyone have any experience with financing ADU's? I am thinking of financing a garage conversion ADU on my primary residence. I have been researching different loan programs and Renofi stood out to me sinc...
Dwight Cook
Initial introduction to tenants?
I’m currently in the process of buying 5 units that are fully rented. I know one of the tenants a little because he was a few years ahead of me in high school but the rest I don’t know. Most of them are his family (3 ...
Shalen Takaaze
Buy lower priced property now or save for higher priced property?
Looking for advice as I'm starting my long-distance real estate journey. Since I am investing out-of-state, house-hacking and putting down the 3% downpayment is out of the question. My first option is to go for a lowe...