Justin B.
Lender: "Seller can't contribute more than 2% towards closing..."
So I'm buying my first rental property (actually closing this afternoon, :)!! ) and my lender tells me last week that the underwriter has approved the loan, however, because of the loan amount and it being an investme...
Ken Virzi
Is insurance just for the loan?
So my natural bent would be to go as cheap as possible to simply satisfy the loan requirements. I guess I am a skeptic that thinks between the deductible and the claim fighting that I won't ever get any benefit from t...
Albert L.
Is weather a investing concern in Houston?
I'm not familiar with Texas weather, but would the risk of hurricanes, storms, tornadoes, and humid weather potentially lead to more CAPEX (overutilization of HVAC), flooding, roof repairs, etc?Is that why insurance i...
Andrea Lizcano Summers
Free and Clear house needs 20k for rehab, where to get funding?
Hello everyone,Please share any ideas you have to help with the problem below:I have found a retired couple who own, free and clear, a second house in Houston, Texas they would like to use as a rental property. The ho...
Ed Matson
HUBZU Purchase and Sale Agreement
Has anyone had experience closing on a property with after winning a HUBZU auction? Their PSA looks very one sided to me.
Ted Harris
China Bets on US Housing Recovery
China said to be buying U.S. mortgages
The China Investment Corp. is set to invest up to $2 billion in mortgage-backed securities because it considers the housing market set for a recovery.
August...
James Albrecht
Installing second boiler for small 2-unit
I'm curious to get feedback on whether it would be worth the expense to install a 2nd boiler / hot water heater for a small duplex so the tenants can be responsible for their own gas usage. There is currently one mid-...
Jeff Campbell
Are High-Interest Rates Stopping You?
The current high-interest rates have made it a lot more challenging for the average or new investor. To be honest I completely stopped buying for a few months when the low rates I was getting approved for more than do...
Eric P.
First time jitters normal after closing?
We finally closed on a perfect house for us. Its a little big now, but we plan on growing a family in it. Now that we've moved in and are unpacking I find myself feeling uneasy. Like this constant feeling of "OMG w...
Jen Faulkner
Pay Toward Rental Mortgage, or Save For the Next One?
Hi! I haven't been on BP for very long. We own five rental units in our area (four apartments and a house), so we're still small potatoes. I really have big dreams of owning a lot more, but I don't know at this poi...