Matt Maluchnik
Why would Loan Officers say this?
I just met with a bank VP of a local (smaller) bank. They mentioned that even though I'm interested in single family homes for investing... They are all considered 'commercial' investments and would require 20% down ...
Julia Kim
Real Estate License - Online Education
Hi everyone! My name is Julia and I live in Upstate NY. Recently, I've learned quite a bit about real estate investing. My boyfriend has been listening to the BP podcasts for a while and I found myself curious to lear...
Curtis Bidwell
Hard Money Rates Likely to Drop!
Bloomberg did an article with a provocative title: House Flippers Are Back With Wall St. What could Possibly Go Wrong? That was the catch, not the substance. http://www.bloomberg.com/news/articles/2015-05-08/...The ...
Haarden Shah
Easy Street Capital - Asking to wire transfer a deposit.
Hello,I am new to real estate investing and decided to go with Easy Street Capital as our lender for the DSCR loan.They already ran out credit and we went under contract on a property after getting the pre-qualificati...
Curt Bixel
Debt to income ration at razor thin margin
I am attempting to refinance two rental properties. My loan officer has indicated that my debt to income ratio is really close, and it is going to come down to being able to verify each and every rental payment. I h...
Ray Collins
Issue Refinancing Duplex with STR due to FNMA Eligibility Reqs
Hello!Long time BP-listener, first time forum-poster here. I tried searching the forums for a similar thread, but I couldn't find anything on this specific topic. Not sure if this is the right sub-forum to post to --...
Scott Trench
Intentionally Leave Property Vacant Due to Rent Control?
@Mindy Jensen and I were interviewing someone today for an episode of the BiggerPockets Money Show and the guy owns a condo in San Francisco (used to live there, now lives in Nashville, bought the place in SFO in 2009...
Mike Roberts
Denying a tenant while the property is still available?
I am currently closing on a SFH that will be a rental in NC. The area is kind of rural, and I don't expect to see a huge number of applicants. Say somebody applies, they have good credit, no criminal history, job, etc...
Jackie Liu
Unresponsive Property Manager
Hello BP member, I have a friend who currently owns several SFH rentals that is currently managed by a PM in Indiana, according to them the PM has been unresponsive for 3 months, all their attempts to reach the PM has...
Cara Fazio
Security Deposit Charges
I just had tenants move out a week ago and have incurred some significant expenses getting it cleaned and ready for new occupants. This is a class A rental that was spotless when the tenants moved in 1.5 years ago. ...