Carson M.
Structuring Private Money Loans for Rentals
Hello all,
I currently have sufficient income through my small business, good savings, but lack of taxable income and credit due to being self employed (taking deductions) and being 19 (lack of credit history...
Sam Faas
Tenant Applications - How do you collect them?
Hi all,I am currently using Zillow applications to process tenant applications and I've liked it so far. I would like to proceed with one candidate but it looks like I don't see any important information such as SSN,...
Joshua McLean
Section 8 In the Cleveland Market
Can somebody fill me in on the key things to keep in mind when looking for a potential section 8 rental in the Cleveland area? I want to go multi family, and I want to know what sort of requirements need to be filled ...
Duncan Van Horn
Nervous First Rental
So my wife and I are buying our first rental. We live in Oregon and the real estate prices are so high that we would need an extremely large downpayment in order to get our payments down to the point of making 2X our ...
Kayla D.
Should I have STR guests (via Airbnb) complete a rental application
Hey y’all! Since listing my basement unit on Airbnb for stays 32+ days, I’ve gotten a few hits. Some of the leads have seemed very scammy - imagine someone willing to pay $22,000 for six months? Not me! But it’s happe...
Jeff B.
Why non-performing notes?
I can understand investing in notes backed by real property.I can't understand intentionally buying a non-performing note.In either case, the only security is a position in the foreclosure queue, but unless you're in ...
Matt Schambeau
Cast Iron Sewer Line is clogged
I have my first rental property which I purchased at the end of July in Roswell, GA which is just north of Atlanta. It's a small duplex that was built in 1965. This week I had two plumbing issues. On one side there...
Robert N.
$5,971 in closing costs/fees on $36,000 loan?
Hello all,
This is my first question posed on B.P.! My question is simple. I am set to close on a property this month (a triplex). The purchase price is $48,000 with 25% down ($12,000). So my loan will be $36,000. H...
Michael Estacion
Aspiring Investor: I need help picking a city
I’m looking to buy my first rental property. I have about $45K to use. What’s a good city to deal search in and do you have an agent that you would recommend?I'm active duty military and am not opposed to out of sta...
Shayla Fletcher
Sunday bookkeeping
I must admit that I struggle with bookkeeping . I always say that I'll do better on the next project or next year. This drives my husband nuts. One of my 2015 goals is to improve in this area. My strategy is to tackle...