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I read that every mortgage has a Due on Sale clause, which means you have to notify the lender when you sale the property and pay the entirety of the loan when you sell the property. How do people work with the clause...
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TL;DR - Get your investment back without doing a cash-out refinance.Something occurred to me the other day when talking with my lender. This may be something that everyone knows and I'm just late to the game, but I th...
I am in LA County and hired a Licensed GC to work on a remodel project (1066 sq ft home and All Permits were taken). His estimate for labor was $30,000.
He collected $23,000 and walked away after 3 weeks. He did not ...
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New to BP Forums but have been listening to the Podcast religiously for about a year now. Have a question regarding my next purchase. Would like to borrow down payment from a friend or family member and take out a con...
Any suggestions for the best service for check potential renters background check.Interested checking past evictions and other frauds. Will appreciate your help.
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Hey everyone -Found out today my tenant faked their bank statements and employment. It was poor screening on my part (I used Zillow's rental manager, but didn't realize the income section wasn't verified). I'm in the ...
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Hi BP,
I'm an investor from Chicago looking to potentially purchase my first property using an FHA loan. If I went this route I would rent out all of the units from day one (i understand that this is only permitted a...
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Hey, y'all!David here. Going through my options for a property in Maine that we intend to use as a STR. I want to make sure I tie my shoes tight and stand up real straight and be above water here — I want to do everyt...
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Hello all,
I'm getting ready to close on a duplex pretty soon but I have to say, It's pretty gut wrenching!
Its a duplex out of state where my parents live, so I visit alot (about a 4 and a half hour drive). Cash f...
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Does anyone intentionally report higher taxable income (and obviously pay higher taxes) so they can qualify for financing, such as heloc or business line of credit?I understand there are alternative methods such as ha...