Rebecca Belnap
Subprime Lending is back? Sort of
Remember 2006? No income, no assets, FICO score of 580, no down payment? Sure, we would LOVE to give you a loan. They are now calling it Non-prime which is probably more accurate. The requirements to qualify are ver...
Spencer Harvey
Rent Payment in Advance
I’m curious to see what other things about this...I have an applicant who is interested in a rental property I own. They are moving from out of state due to a job relocation and selling their current home. They wanted...
Adam Vadnais
What are your questions for screening tenants?
What have you learned to look out for when screening tenants?What questions do you ask to figure out if they will be a good match, and what do you learn from their response?I found that someone offering to make improv...
Brandon Malone
How does a Tax lien sale work
I have a general understanding of this topic, but I wanted to pose the question on here to see if anyone has experience with tax lien sales and how often this actually works in their favor and what the risks are. So m...
Cory Melious
What is your application process like lately
In the past, I've used the BP created rental application. Prior to this year, I used the Cozy (now apartments.com) credit/background check to perform the necessary background digging. For this next apartment applicati...
Russell Phelps
Lending knowledge / advice needed.
First I would like to start by stating I am new to REI and BP.That said my question is how I could get started with financial help (loans, hard money, etc.) with the following in my recent past. I do have some monies ...
Ricardo Suber
How do I handle negative cash flow on a rental?
Hey everyone. Brand new to this forum and could use some guidance! I’d like to invest but i need to get out of this hole.
I bought my first home in 2005: a 1 bedroom co-op (condo) in upstate New York for 85K.
D...
Sid Franklin
Chicago Public Schools Fighting to Avoid Insolvency or Bankruptcy
Will a school insolvency or bankruptcy hurt or help real estate prices in Chicago? How's real estate doing in Puerto Rico? We know it was in Detroit before the bankruptcy? Is DPS still a drag on Detroit's Real Esta...
Brett Braden
trustee sale
wondering if there is a way to delay, or get an extension on a trustee sale that's about to occur on the 8th of Jan.2014. Deal or no deal.... persons owe $271k on the house and house has a value around $310k with a...
Oliver Santiago
2 SFR paid in cash but can't get the equity
I wanted to ask the BP community on any suggestions on what to do to have my cash invested pulled out from my 2 SFR rentals that I paid for in cash. I purchased them about 1 year ago and both has tenants living in the...