Albert Johnson
Anybody been through an eviction process?
I am planning to evict a tenant in Arizona. There has been numerous violations to the lease. One the tenant has been late every month on payment. As of now tenant hasn't paid. They said they will pay today after I gav...
Drew Harris
Rent by the Room - Strategy
Hello BP,
I'm a rookie investor looking to work with partners on Rent by the Room strategy. I will be looking for duplexes and SF to do this. I plan on living in the property in one of the rooms to start leasing to...
Mike Becher
Buy & Hold vs. Flipping | Give me your thoughts
For some context, I purchased a duplex last August (2018) as a buy & hold with about $300 of cash flow per month. As I've been learning and developing some interest in the BRRRR method, I became intrigued with the...
Austen Iverson
Owner Occupied - Short Term Rental - Tax Deductions
Hello all, I have a house overlooking a lake in South Dakota. This is my primary residence & the mortgage is held personally on a 30 year note. I file for "owner occupied" status and have the mortgage interest ful...
Jose D.
Will a tenanted property count towards my DTI ratio?
I know to count rental income it's two years, but I don't really care if lenders don't count my cash flow as income. I'm more concerned with whether they will still count my mortgage payment as debt even if it's a ren...
Mark Libario
Lease Options in Canada
Hello Guys,First of all Im thinking of maybe doing a lease option on a property that I might want to buy because I don't really have that much money to put as a down payment with the bank.How would the lease option of...
Matthew Cyriac
Keep it or Sell it or Pull Equity & Buy
Hey everyone super excited to BP and learn! My strategy is to Buy & Hold. So I have one rental which previously had been my primary residence. Here are the facts: Purchase value: $280k, Current Appraisal: ~ $500k,...
Jon Pacitto
Closing costs
All,My biggest obstacle right now seems to be finding enough money for closing costs while still maintaining some savings. I'm unwilling to deplete my account to make a purchase and with the market I'm in its hard to ...
Derek Malveaux
New Construction Loan Terms
I was recently approved and received loan terms for a new construction SFR spec loan. I have experience with fix and flip but this is my first new construction project. The interest rate is 12.5%, which is understan...
Jacob Chapman
Can option price be determined by appraisal after lease end?
Hey BP! So I have someone who want to Lease Option, but has almost nothing to put towards an option fee. As this is a risk for me to tie up a chance of not selling to anyone for possibly 3 years, is it possible to "ti...