Carl Pickens
FHA question regarding HOPA and quadplexes
"HOPA" stands for the housing for older people act. It creates an exception under the Fair housing act when it comes to discriminating against familial status. My question is can I apply this to a 4-plex?Do I need to ...
Cole Domino
At what age can I get a loan of this size?
Hello, I am 18 years old and almost 19, The month turned 18 I got a secured credit card and next month there upgrading me to a unsecured card and Im looking to get another credit card so I build more credit, I have ha...
Frank Eimiller
New from Fond Du Lac, WI
Hello all!My name is FrankI'm 22 years old, I'm a full-time employee and manage inventory for a steel company while studying Civil Engineering full-time. Aside from that i'm involved with a few engineers in a startup ...
Neil DiMuccio
Newbie from Boulder, Colorado
Hello BP Community!My name is Neil and I picked up Brandon's "The Book on Rental Property Investing" yesterday from the bookstore, which is how I learned about this community. I thought I'd drop by and say hello as I ...
James Rohrbach
Determining cap expenses percentage
Hello BP community.
I have been analyzing some 5 unit multi-family properties lately and was wondering when factoring in cap expenses at 5%, should that percentage be per door for 25%, or should it just remain at 5%...
Greg M.
Should I purchase this rental? Inspection dilemma!!!
Hi BP community! I am under contract for my first rental property. I just had an inspection done and I have a few concerns. It's a SF 3/3 1350sqf (1980) home (2 car garage). ARV is in the mid 90K and under contract fo...
Tj Hines
Class A, B, C, Apt Buildings
BP family,I'm having just a small hangup on classifying apartment buildings. I've been taught and learning that:Class A apt buildings are 10 years older from today's current yearClass B apt buildings are 20 years old...
Landrin Lewien
College town rentals beginner
Hello everyone, I’m 21 years old and I’m ready to get into the real estate game. I went to tech college in lacrosse wi and I fell in love with the town, it has a University, a private nursing college and a very big te...
Sam McCormack
The Porcelain Throne... in the Midwest...
I am not sure who this will reach (hopefully more than just OH and KY, but I have found out it is uncommon for there to be 1ba in a SFH with 3, sometimes even 2 bedrooms. Is this just midwest thing? For there to be a ...
Brett Wolk
Will We Be Able To Get Mortgages?
Hi,I'm 26 and do not currently work. However, my father, 85, receives a decent government pension of around $50k a year. Together, we have a large amount of cash that we'd like to invest in rental properties, but I sp...