Rylan Conrad
Does getting more credit cards equal higher credit score?
I am an 18 year old in Canada looking to build my credit and save money so that I can invest in the next 12 months. My question is, would getting another credit card or two improve my credit score in the next year? Le...
Taylor Rees
Seeking lender advice...Any hope for me qualifying?
Hi,Thanks in advance for any advice/input...I'm wondering if/how I can qualify for conventional 30yr financing on rental property (1-4 units). Here is my situation:*I'm a small business owner with no W-2 Income for th...
Mark Takata
Improve Apartment Operations
Hey BP, Background: I'm trying to help my dad improve operations on his 8 unit appt complex in the West Adams area of Los Angeles, CA. He currently has 6 of 8 tenants on month to month (2 newest including one that mov...
Paul Bloomfield
I'm looking to get out of Forbearance
Hi Guys , I'm not very smart, so I'm turning to the smart people for some clarification. Can some one tell me what the below means. I got it off the FHFA website.
is it saying, If I owe 6 payments via forbearance, d...
Mak K.
Partial payment and late fees calculations
I have a consistent situation and would like I some best advices. My tenant pays late (7 days -10 days late) but also pays the late fees. The issue is in few instances, the tenant rent plus late fees but keeps a smal...
Robert Mulfinger
Variation on BRRRR for Vacation rentals?
Hello BP, The Dream: Buy a vacation cabin, use it once or so a month, rent it out the rest of the time, make the cabin pay for itself. The Problem: The the problem with the BRRRR method (Buy, Renovate, Rent, Refin...
Robert Davis
Notice to quit
Hi all,
I have a tenant that continues to get worse and worse with rent payments. Their communication is painful and they refuse to pick up the phone. I have been extremely patient but we are moving in the wrong dire...
Jared Khan
Partnership - Financing Issues?
BP - a close friend of mine has $100k liquid and wants to invest it RE with me. Preferably a long-term rental/hold, but flipping isn't out of the question should a deal present itself. Our idea was that I/we use the l...
Blake C.
Verifying Income
Do you look for three times their net or gross income? I have someone I really like that is close but his child-support pushes him under the 3x rule.
Carlos Quiros
Checking Rental History
New investor question here....When looking at a property with tenants in there already is it common place to contact the property management company and ask if they pay on time or is there another method to finding ou...