Joyce Kim
RE: ULA Emergency Rental Assistance Program - should I accept the payment or not?
Hi all,I'm a new landlord in North Hollywood, and I'm having an issue with a tenant who has missed 4 months of rent payment and doesn't want to move out.In late 2023, she applied for the ULA Emergency Rental Assistanc...
Tom Corriher
Leasing and leveraging at 50% ltv help me understand
If a lender said this explain to me what it means please....."If i can know the value of the land i have a partner that will advance 50% of the amount and let us leverage equity as an advance which is what you use to ...
Aaron Smith
Lease Purchase, Down Payment
Hi BPers,I've been speaking to a lot of sellers about the sandwhich lease purchase and many of them want a down payment. I give them that I usually don't give a down payment if I'm paying full market price - However, ...
David C.
How are PML/HML's handling the insurance crunch?
I have a note in FL, borrower isn’t paying the insurance, too expensive, I guess.
Borrower is very abusive and uncooperative with loan servicing … I’ve given up trying to work things out with them. I don’t want to...
Stephen Daniel Pace
Using a HELOC for first property
Hi BP! I’m looking into getting a HELOC on my primary residence since I have significant equity mainly due to the current market. I’d like to use it as a down payment or cash purchase for my first investment property ...
Toni Fowler
Down payment for multiple condos
I could possibly have an opportunity to purchase 8 condos together (in Kansas). This would be my first true investment property. (I just purchased a home and will be turning it into a rental later next year, and also ...
Sammy Brooks
Sell or cash-out refi?
Newby here. I find myself in an envious position, and was hoping to get some seasoned feedback on what to do. I have a house that I bought for my parents years ago in NC (3bed/2bath). The mortgage was for 100K, with 1...
Account Closed
How do you buy multiple houses a year?
I already own 1 property...my 1st house. I will be renting it out soon. If all goes well I'd like to continue to buy more homes, but I'm confused as to how people buy multiple properties a year.Do you have a business ...
Daniel Phai
Tax Breaks on Equity for a Rental?
Hello Everyone!
Just took out $100k of equity on my primary house to invest in real estate! Just got under contract and now I have a few options. My mortgage broker is asking if I want to put down 20% or 25%. I'm li...
Neil Fedorovich
1st time rental investment
Hello. I just joined this group as I am looking for advice on purchasing my 1st investment beach condo. I am in contract and trying to decide the best options for the loan and down payment. I want to use my heloc f...