Nitin Dhiman
Cash-out refinancing in Texas
Hello experts,I'm trying to do a cash-out refinance of a single-family rental in Texas. The property has been rented out for the last 4 years and I live in California. I'm being told by some conventional lenders that ...
Simcha Davidman
Residential vs. non-residential mortgage
I recently got pre-qualified (waiting for the pre-approval letter any day now) for a mortgage on a residential property. The broker asked whether this would be for my residence or investment, and I told him it's an i...
Ron Trinh
Closing on primary residence out-of-state before actually moving
Hi BP people!
My wife and I want to purchase a single family home to occupy as our primary residence in CO Springs. We are from San Diego and are wondering if anyone has been able to close on a property out-of-state ...
Dmitriy Filippov
Buying triplex with tenants, unsafe units.....
Hello, I am a new here, I am purchasing a triplex with current tenants that has been there for decades, after inspection we found out that the units are not safe to stay with many major issues, roof leaks, subfloor in...
Daniel Mendez
Diving into my 1st rental (DFW)- Input your Advice & Guidance
My wife and I are going to turn our primary residence into a rental. We are planning to manage it ourselves.We would live close by.I am currently reading and watching everything I can about landlording. Any advice or ...
Jennifer Taylor
Legal Structure Questions
Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for manag...
Account Closed
Does raising the rent on a SFH raise the value?
Let's say a Single Family Home was bought for $100k and rents for $1000 (GMR = 100)a month. If I am able to get $1,200 a month, wouldn't that raise the value of the home to $120k , using the same multiplier?I have hea...
Michael Choi
Has anyone rented out to tenants who hosts Airbnb?
Hi,I have potential tenants (husband and wife) interested in renting out my 3 bedrooms home who will use one bedroom as their primary residence and rent out other rooms through Airbnb in Los Angeles. They sent me thei...
Timothy Burns
How to approach Lease Violations--Rookie First Timer Landlord
To clarify my situation, I am in my first year of landlording, househacking a duplex, so I live next door to tenant. Tenant hasn't even been here a full six months and has broken the lease I feel several ways, but Im ...
Linda Pasas
To Insure or Not to Insure?
Hello fellow BP friends,I am frustrated with my property insurance and was hoping someone could guide me in the right direction. I bought 8 out of state rental properties within the last year and have insurance on al...