Benjamin Emery
Hard money lending without down payment?
Hi BP Crew,First time caller, long time listener and new BP member here. The backstory: I have submitted an offer on a rehab through the MLS that my buyer agent (who is also the sellers agent btw) says the owner will ...
Matthew Defore
Rent by the Room Questions
Who's renting by the room on their properties? I'm interested in experimenting with this on one of my condos in a college town. My questions are:-How do you try to pair up compatible "roommates" without having fair h...
Polina Goncharova
Outstanding Code Violations Not Cleared
Hello BP,I am in the process of closing a deal on SW Side of Chicago. The building has outstanding code violations from prior to rehab. After talking to a city representative, he stated that the building had an initia...
Account Closed
Looking to house hack a 4 unit with fha loan need help in nj
Hello everyone, im 24 i have debt monthly expense is 280 to 350 a month, i have 140k cash and credit score is 776. I want to buy a 4 unit home in nj around north jersey to do fha loan 3.5% and rehab it with a 203k loa...
Kimberly T.
How much do you collect as a holding deposit/fee, and what do you call it?
Curious what other landlords do for a holding deposit/fee so that they will take their ad off the market, before the new tenant moves in. Do you require it to equal one month's rent? Half a month's rent? Some othe...
Rick Hart
First position HELOC + Rental property cashflow strategy
I have been brainstorming what I believe would serve as a dual strategy to play the rental property game the right way. Combining a 1st lien HELOC in lieu of having a mortgage. The advantages of a HELOC over a mortgag...
Daniel Durham
Internet Rental Scam:
Hi All,
Ok perhaps I posted in the wrong area the first time I posted this, but for whatever reason it was removed from the general forum with no explanation for it so I'm reposting it here in hopes that it stays pos...
Brandon Turner
Do you allow pets?
I am debating allowing pets into the apartment complex I own. I am curious of what other people do and if anyone feels passionate one way or another.
Amie D.
Tenant wants to build fence
I've got prospective tenants that want to build a fence for their dog, at their cost as they've got a friend who builds fences for a living that could do it for them.
My prop mgr thinks it is a plus since a fenced in...
Colette B.
Do I need to shop around for pre-approval?
I've heard that I should shop around for mortgages, but do I need to do this at the pre-approval stage? And am I correct that I'm not tied to use the lender who pre-approved me?