Hi. My tenant recently notified me of a leak in the roof after some recent rain. My property manager went to check and says that the roof will need to be replaced. The property is 1025 sq ft. single story, 3 bed 1 bat...
Does anyone do move in specials for their rental units? I have been considering doing something like $100 off the first month's rent or maybe a lower rent for the first 3 months of a 12 month lease. Have you had succe...
My wife and I are new to investing in buy-and-hold properties and I wanted to ask the opinions of those more seasoned than we are. I have connected with a wholesaler who finds motivated sellers, gets the property ...
I'm wanting to get into PML. I understand the after repair LTV should be no more than 65-70%. But I'm more confused on the LTV prior to rehab. Let's say a property cost $300K and needs $150K for rehab so total cost $4...
I know lenders can use 75% of the expected rents for small multifamily when calculating rental income for the DTI, but can they do the same if you plan on renting by the room for a SFR?Also, how do lenders verify the ...
Morning BP,
Background: Currently house shopping. Looking for a multi family to house hacking. Verified w/ lender we qualify for FHA. When I asked about using it for duplex or triplex was told needed 20% down. Also...
I bought a bank owned house in Washington state. After purchase I figured that the square feet in Mls ( and based on this I did my price calculation too), is 100 sqft less than county website. Can there be any genuine...
Hey y'all, I would appreciate some input. I have a unit that a couple has applied for. Their credit is high 600s, background check is clean, and the only outstanding debt on their credit report is a mortgage, which ha...
Can anyone tell me where to get an accredited investor form?
Hi, I heard Pace Morby on BP Podcast talk about wiping a person's DTI 100% after 1 year simply by using a servicing company. This scenario would be if I took over a mortgage via subject to and the seller would not hav...