Valeria Mitchell
My 2021 experience being in Richard Roop's coaching program
Dear Reader,
I'm writing this just in case you consider investing your time and money in business with Richard Roop. Here is my own experience. I wish someone of his former students said something before I gave him ...
Robert Walden
Seller Gives Back Reno Cost To Qualify Me For A Bridge Loan
[Note: this inquiry was originally posted under the "Creative Real Estate Financing - Toledo, Ohio" Forum category (under a related title), but without any response.]
I'm exploring a creative financing technique for...
Kris L.
Rental Income Requirements
Was browsing the forum and saw something I hadn’t thought about.With a 3x income requirement, how do you account for the fairly large number of prospective tenants who are in areas like sales, where their commissions ...
Alan Ouellette
Does this seem high to you?
My wife and I just got pre-approved for a mortgage. We are looking for a townhouse to rent out for income. I just received the pre-approval letter from the credit union and I want to see what people here on bp think....
Jimmy S.
Incresing rent on rewnal but prepaid last and security?
Tenant lease is expires and have pre paid last month rent and security deposit up front. Do you collect the difference at renewal to add up to 1 full month security and 1 full "last month rent or do you let the...
Tommy Clune
when doing an analysis, where do you factor in the closing costs
Hi all, complete beginner here. I was doing some practice runs for analysing potential buy and hold properties using the worksheets provided in the book "Hold" which is one of the books in the series of Millionaire Re...
Krishna D.
Property Sold... Who pay taxes?
Hello,When a property is sold, who pay the taxes, the buyer or the seller?
Kyle Good
Clarification on New Jersey regs:
Hello, as the title states I'm looking for some clarification on NJ landlord regulations. Specifically the security deposit and prepaid rent portion.
The security deposit, including any prepaid rent cannot exceed 1....
Alexie Franck
Closing costs from 13k to 17k for $380k NJ home
Hi All, I need another opinion/clarity about my closing costs. Home is a multifamily for $380k, conventional loan, bought 1 point and interest is 6.125. Initial closing cost estimate was $13.5k. Just received disclosu...
Matt Leonard
Cash-out refi on primary, to pay off/down rental ARM?
This makes sense to me - but would love anyone else's feedback. Thanks in advance!I am in process to cash-out refi my primary ($850k value, $240k owed, 3 years in on a 30-year fixed at 3.75%) - at a 30yr fixed at 3.4%...