Devin C.
Using fha loan at 3.5 % down then after repairs, cashing out the equity for investment?
Hey everyone, so I'm not sure if this is possible or not, but I figured this would be the best place to ask. Right now I believe the only way I can obtain a loan for a mortgage is to get an fha loan. But they require ...
Mark Forest
Annoying GFCI trip
In my new rental property there is a GFCI outlet in the living room. This is on the same circuit as the bathroom fan and the light in the shower stall. This living room wall is on the other side of the bathroom. W...
Steve Orlov
Direct mail - get listings
Hello everyone,My partner and I, began marketing to property owners in NY area, looking for motivated sellers.As expected we received 2% response on our second campaign, but almost no motivated sellers.With that said ...
John Brennan
Too small to be big. Too big to be small.
Hi everyone. I’m John. I’ve had enough standing on the sidelines and want to jump in. The question is:I’ve been studying self storage for two years and know a lot about it. My problem is that I don’t want to give up m...
Jay Cashmere
Loan sold to Kondour during loss mitigation process
I had some financial difficulties in 2019 and defaulted on 3 payments. I was offered forbearance for 6 months in 2020. My financial situation improved in 2020 and have been making regular payments since 10/20. A few...
Manson C.
Is Cashout Refinance is a Good Exit Strategy?
Hi,People always talk about how they purchase a rental property, wait a few years for it to appreciate, do a cashout refi to recoup their initial down payment, then whatever they earn in the future is infinite return....
Linda Thomas
Tenant filed Civil case for security deposit
Good afternoon,
Some background. Tenant lived in the unit for 8 yrs. Towards end not a good relationship. Things went south. Wife started getting rude, yelling, cursing at me etc. Decided not to renew. Proper notice ...
Michael Noto
3-Family Plainville, CT BRRRR Project
Here are the basic details of the project:Closed on the deal on December 18th of last yearLocation: Plainville, ConnecticutPurchase price: $120,000.00Rehab amount: $22,000ARV: $210,000Property type: 3-familyTaxes: $38...
Gurjot Grewal
Understanding Property Taxes in Columbus
Hello BP,I am trying to understand how property taxes work in Columbus to better analyze property. From the government website, " Ohio law requires counties to revalue all real property every six years with an update ...
Sharon D.
Financing options: plenty of cash but income issues
I found a FSBO and am preparing to make an offer. Asking price is $65k and I have $40-45k cash available to put into it. Question is, how do I finance this? I would love to put 50% down and get a 10 year mortgage f...