We rented our 3 bed 2 bath single family home last August to 4 younger college age students. There was one married couple that occupied the master and two males that were in the smaller bedrooms. One of the male tenan...
I'm considering buying my first home for rental for 89k and the ARV (at least 2 weeks ago) was between 113k-118k. It's in a C class neighborhood and current rents are approx 1k. I could pay for it in full and have e...
Hello everyone,
For quite some time I have been thinking about entering the real estate game, with a goal in mind, that I will be able to free up my time to spend it with my family, as well as work from home and be a...
I have a few commercial loans with 10-12 years left on them. The rates are held for the life of the loan. I asked my commercial banker if there are any ways I can take advantage of the low rates. They said they could ...
Hi fellow investors,
I recently listened to a thought-provoking On The Market podcast episode featuring Ben Miller from Fundrise, who raised an interesting concern. He mentioned that while many banks provide loan quo...
Hey, BP!I thought I would post this question here since I'm planning to own rentals myself. I'm planning to move after I get married later this year so my fiancee and I are looking for potential places. We found a com...
I have an amazing local banker that mentors us and finances our properties.
However, we rarely get a note over 10 years and some of ours are 5 yr notes.
We still cash flow but very little. I like it be...
I use mysmartmove to do credit checks, background checks, eviction checks, etc. Should I still require a separate application and/or should I require SSN#'s on file to continue to check on tenants?
Hello, this is my first post so thank you in advance for any guidance.
I have an single family investment property in Utah that I would like to refinance. The value of the home is between $400k-$430k and I currently ...
Imagine a town with only one house and one bank. The bank makes a loan for $250,000 on a house in 2000 at 5% interest. Now by 2006 the house value has risen to $400,000. If the house is sold the bank naturally wants t...