Letisia Crespo
FHA Guidelines on Student Loans Calcs for Ratios
I am receiving conflicting information from different lenders, when it comes to the way student loans are calculated toward ratios when obtaining and FHA loan. While I did some research and found the verbiage direct...
Blake Billings
Joint Venture or LLC
Hey BP,I am looking for advice on how to structure a partnership. JV or LLC as partners. What are the Pros and Cons, implications, etc. I currently have 5 units that I have acquired over the last 24 months with my own...
Martha Daisley
What is the liability in holding a note?
HelloFor any real estate attorneys in the group. What is the liability in holding a note?I am getting ready to start buying notes from a private lending company. The notes are all backed by investment properties and t...
Jenna Walker
Selling investment property
Trying to sell my investment property in Southern CA. Once it was residential and now its rented. I talked with one agent, the commission is 5% which will be 20K out of my pocket which I wasnt ready for. House is i...
Jerome Morelos
What does LTV mean?
Can someone explain what LTV is? Having trouble wrapping my head around it. Thanks!
Karan Agarwal
Seller Negotiting Rent Renewal for Current Tenants
Hello, I am writing an offer for a property that is currently rented at market rent value. The seller wants to close urgently and in addition to negotiating the price, I would like the seller to negotiate with the cur...
Donald M.
Handling Security Deposits in Massachusetts (MA)
Straight from Massachusetts law:(3) (a) Any security deposit received by such lessor shall be held in a separate, interest-bearing account in a bank, located within the commonwealth under such terms as will place su...
Kevin S.
Use up retirement account for REI or non-retirement account first?
Hello BP members,Have any of you been there and done that? Left the market, completely or partially, and had to choose between using funds from either accounts? Which did you choose to dip in first and why? Looking ...
Nami Sharma
Need Guidance for First-Time Investor
Hey everyone! I'm looking to buy a property that's a mix of commercial and residential, located next to a train station. It's fully rented at the moment and has a cap rate of 10%, which seems promising. However, the a...
Lauren Samford
Foreign applicants - no credit history
I have applicants who can show income statements/proof of income, clean background and want to sign a year lease on my house but they are from Germany and moving to the US. So they don’t have credit history / report. ...