Gabriela Huayhualla
Condo or a single family house for my 1st time REI?
I live in Brooklyn, NY and prices here are high. I’ve been looking in NY and also in Miami, FL but I’m still debating if I should get an 1BR apartment (Condo) or a single family house. Any suggestions? I have 50K save...
Annalise Kingston
Buying a Rental Property as a Student — Can I get an FHA loan?
I am looking to get pre-qualified for an FHA loan to buy a small house in the Portland, Maine area. However, I am about to start my masters degree and I am working as a nanny until I start, so I don't have a typical f...
Matt Lord
How to handle Roommates on a lease
I'm a few months into my first rental property. Everything has been perfect. The tenant is great. Shes a young kid right out of college with a good stable job. She asked if her cousin can move in with her in a few mon...
Nicholas Seaver
Line of Credit vs. Credit Card
I am about conduct a local flip with a new partner. My financial obligation in the deal will be to provide the funding for rehab costs. While I have some cash for this, I was going to get a line of credit as a quick s...
Karl Smith
Should I use an LOI or an Option agreement
I'm looking to wholesale 2 - 6 unit Chicago properties. The owner wants to sell them together. Both properties are C class, vacant and need full rehabs inside about $15-20k per door; kitchen, bath some wall replaced,...
Christopher Juntura
Advice on raising capital for 22 unit
Have a property with a lot of potential.
100% occupied 22 units
storage facility
laundromat
under market rents (haven't been raised in 10 years)
needs work est. 150k but not all needs to be done right away.
...
Flora Granter
Potential tenant with breaking lease 2011
A potential tenant contacted me and was upfront that they have some credit issues including a broken lease in 2011. It happened when they have medical conditions and could not work enough hours. According to them, t...
Bob Houston
New landlord...3X rent as salary requirement...too high?
SFR is in the Dallas TX area which is a red hot market right now. Rents have increased a lot over the last few years.I am concerned that requiring 3X rent as a monthly salary may be unrealistic.- it is a 3 br, 1.5 bat...
Gerrit Stukkie
Lease Option vs Buy Hold Analysis
I have a newbie question.What differences are there in analyzing a lease option property versus combining buy and hold analysis with a flip analysis?I want to have LO as an exit strategy along with Flip and Hold.I kno...
Jenna Stonecipher
Funding repairs with HELOC? Seller financing
If I were to purchase a property with seller financing, would I be able to acquire a HELOC to fund the rehab? If so, would that still leave me the option of refinancing with the bank in a few years--effectively pay...