Michael Mason
What are most important terms to include in your lease?
Hi All,New rental property owner here. I'm curious what you all think are the most important terms to include in your lease? What non-standard terms have reduced your risk, hassle, and property maintenance issues th...
Jack B.
Closing costs are 8% of the half a million I'd be cash out refi
My long time broker's fees were 20K per property or 80K. So I went to Aimloan, who originally quoted me 5K per property or 20K total for the four. Now I get the disclosures and they are 10K each, basically 40K or 8%...
Paul Choate
Homepath investor purchases using renovation mortgage
I have purchased a Fannie Mae home using cash and am now buying one with my own financing. I keep seeing on wwww.homepath.com the logo for homepath mortgage and homepath renovation mortgage.
Does anyone have ...
Ryan Davis
How to properly deny an applicant
I am having alot of applications come in for a property of mineId like to hear about how others go about turning someone down... how do you word it? Do you give them an explanation or just a general denial email with ...
Bryan Hancock
"Reasonable Steps" Parsed For The JOBs Act
I've been doing quite a bit of research on the new "reasonable steps" enumerated in the SEC page for the new JOBS Act. This page:
Eliminating the Prohibition on General Solicitation and General Advertising i...
Mauricio Perez
How to Evict on foreclosures
I have a property that I already repossessed through a foreclosure, but the previous owner does not want to move. I have repossessed the property five months ago and he does not want to move out. Any advice on how ...
Jay Chekansky
Am I overlooking something while in DD?
Hey BP,I have a property under contract right now and I'm in the DD process. Since this purchase isn't as straight forward as all of my other vacant property purchases, I figured it'd be a good time to invite my "mes...
Thomas Fawcett
Screening Workflow: when do I get the Background check?
Hey Guys, My wife and I recently bought our first brrrr duplex. We have completed the rehab and now we are in the process of tenant screening. We have been going through Brandon Turner’s book the Ultimate Guide to ...
Jehan Jaleel
Two quick newbie questions on the income 3x more than rent rule
Part of the tenant screening process is their income must be more than three times the rent. But is this their pre tax income or post tax? Also if a tenant does not have this, would you reject them right away or is th...
Kai George
Raising rents on Section 8 Month-to-Month tenants
Hey BP Fam! I'm considering placing an offer on a triplex in south Los Angeles as a house hack. Two of the potentially inherited tenants are section 8 and paying month to month! Both units are renting about $400 -$50...