Jennifer Fernéz
Buying a property with bad tenants
Im looking at properties to buy, and saw a tenant in a 4-unit property I like paid $1,000 in late fees. They are also smokers and their unit is horrid. They are month to month. What are common practices to remove...
Anthony Silva
More than one second home in the same location?
I have a second home that I use as a STR in the Outer Banks, NC. Can I buy another second home in the Outer Banks, NC for 10% down to use as a STR? Or would I have to buy it as an investment property with 20-25% down?
Nina Zou
Can I ask my applicants to disclose service dog if they have one?
A friend who has a rental property just told me that his rental was ruined by a mom and a daughter tenant who never mentioned they have two giant dogs when they applied for the house. He did mention in his Ad “ no pet...
Peace Lily
FHA denied the mortgage from 2-family Multi to 3-family Multi
Dear BP Members,I have a question and hope to get your advice. I lived in a 2-family house for one year on conventional financing as my primary residence. I recently just moved out and rented out the whole house. T...
Chris Reeves
What do you syndicators do in down markets?
Just curious - I've never been part of a syndication either as an investor or the syndicator. We own our own stuff directly, and thus can simply ride out long down cycles (as long as we are not over-leveraged) and con...
Mark Forest
Damage clauses
I have examined many leases and I have never seen an expressed complete clause whereby the tenant damages the property and the landlord receives compensation immediately. I do not want to wait till they vacate and ha...
Lee Mast
Subject 2 advice requested.
Hi. I have an 8 unit apartment building I am considering making an offer to purchase with a subject 2/owner finance hybrid (Pace Morby stuff).The property is currently jointly owned by the two children after their dad...
Andrew DeB
Is it possible to buy 3rd, 4th+ primary residences with 5% down?
Ok so i purchased my first SFH 2 years ago as my primary residence, put 5% down. Lived in it for 8 months and it's been a rental since. I purchased my 2nd SFH last year as a secondary primary residence, put 5% down an...
Andrew Johnson
Experience buying a duplex as primary residence not living there?
Hi everyone,Anyone have experience with buying a duplex as your primary residence but not actually living there and renting it out? Contrary to living in one side and renting out the other? Legality of it, tax implica...
John Nichols
Investors!- Neighborhoods in San Antonio to avoid?
So as I look more and more into San Antonio I realize that the site I
am using "areavibes.com" does not rate very many San Antonio
neighborhoods favorably. However, I have seen many inaccuracies
from this websit...