Felicia Richardson
Buying second Property After Duplex
Hello! I need some lender insight. I bought a Duplex in August 2022. I reside on one side and I Airbnb the other. I'm outgrowing my side and I want to buy a Single Family Home.Would I have to get a secondary home loan...
Jimmy Jefferson
Let tenant pay for a full year at once?
I’m renting out one of my five units in a small apartment building. The one prospective tenant wants to pay for a full year of rent up front at once. It’s about $16,000 for the entire year. Sounds good to me initially...
Aaron Reibe
Rental software that allows in person bank deposits
Hello fellow members,I am looking for rental software that allows online payment AND in-person bank deposits. Is this even available?I have 12 doors and have tenants that want to pay in person. Some are older, some ...
Sonya Hopson
Looking at possible purchase and need hard money loan info
Hi,
I have found what I think may be a great deal and the homeowner wants cash asap. I haven't mortgaged anything in over 30 years but remember it taking awhile. How does the hard money lending work? i know its a h...
Gordie Ballhorn
Mortgage pre - approval
Just talked to the bank and they said I’ll need a co-sign for my mortgage as I’m a student and don’t have a steady income. Have the money for a down payment and 3 renters lined up already for the place. First time buy...
Bobby Balow
Seeking advice! Financing issues with 2 SFH
Ran into an issue with financing. We got an offer accepted for 132K for two SFHs we plan to rent. Our lender won't do one blanket loan and with the required 20% down payment, it drops the value of each loan too low an...
Tricia O'Brien
California - Rent "paid" when electronic transfer initiated vs Landlord gets $$ ?
Hello BP folks! My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19. This is 2 day...
Mike Crook
Tips on looking for a Private Money Lender
Hi Everyone,My name is Michael, and I'm a traditional turnkey investor. I have an opportunity that conventional or DSCR lending won't finance. It's for lease option investing, where the tenant brings in 10-20%, and us...
Jem J.
Renters paying upfront x13 mos.
New student renters graduating next year will pay upfront x13 mos' rent and water bill ($75.00/ mo). ( they will pay all utilities). Will reimburse water fee if they overpaid at lease' end. Anything else we need to be...
ANTHONY SPOLIZINO
REFI QUESTION THANKS FOR YOUR HELP!
Hello ALL! Thanks in advance for your replies. I house hacked a duplex and it is now time to refinance out from the FHA owner occupy into a CONV loan. My question is should I use the same bank that owns the loan to...