Dereck Palermo
Second Rental Property Options?
The property that I currently have for rent was my first home that I purchased with a USDA Rural development loan. I have a positive cash flow of $400 per month for renting it out. The home is worth about $190,00-$195...
John O.
Shut off main water affects water heater?
This question concerns a property in a non-freeze area.I want to shut off the main water to the property (SFR) for a week. How will this affect a gas water heater? Do I need to turn off the water heater as well? Or ...
Lawrence H.
Personal Gtee for LLC
Hi BP!Is it common for refinancing banks to require a personal gtee even if they're lending to an LLC? Isn't the point of the LLC to limit risk to the investor? Additionally, if there is a personal gtee, won't the loa...
Josh Burney
Renegotiating After Appraisal - Help!
Hi everyone -I would REALLY appreciate your advice!! My brother and I are buying our first duplex in MN and are excited to begin the investment journey after much analysis paralysis! It's a buy and hold rental with te...
Eli M.
Factors affecting home's value
Dear BP members,I was wondering, what factors could possibly affect a property's value?If there's a public school across the street, is it a plus or a minus?If there's a bodyshop next door, is it an advantage or disad...
Hanan K.
HELOC affects on DTI - question!
Hello BP members! We are preparing to leave our W2 jobs in a few months to move into full time real estate investing. We have a good amount of equity in our primary residence as well as one of our rentals and we would...
William Ware
How to get a Quick Credit Score Increase
Hello All
Looking for ways to increase my FICO scores in a short period of time (30-60 days). Here is my situation:
Part time Real Estate investor with several properties owned free and clear
Need to leverage properti...
Thembi Moyo
An investor offered to sell me a note he has
Hi BP members, A real estate investor offered to sell me a note which he has between himself (functions as bank) and a buyer of property. he offered to sell me the note for $45K. here are the details of the deal:Curr...
Andre Crabb
Out of State Research Process
Hey BP!Quick question maybe some of you could help me out. I’m trying to better understand the process for investing out of state (or even out of city).Basically: what is your process for choosing what state, city, or...
Priscilla Z.
Credit Question
I have someone who is trying to qualify for an FHA Loan. He has a credit score of 680, but has 5 credit cards, most of them close to their limit.
He is coming into some money and can pay down some cards, and asked m...