Nathan Hall
Can someone knowledgeable check my math?
Here's the scenario, recently I:Sold my VA loan foreclosure first home purchase that I was into at $226k for $325k (lived there 8 years) at the end of February. With those proceeds ($75k after fees, no capital gains f...
A W
Which tenant screening service do you use?
I am new to this and still learning.. Ideally, I like to be able to see
1. Credit score with detailed history like late payments, collection, short sale, foreclosure, bankruptcy.. so I can determine the factors if the...
Todd Kelly
Long Term Buy and Hold
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $28,000
Cash invested: $38,000
My brother and I purchased this property for $28k in 1985 directly...
Eric Merritt
Next Investment Move??
Hello everyone, I am reaching out looking for guidance on what my next move should be. I currently have three rentals, all occupied, two in NC and one in MI. I have conventional loans on the two NC properties and have...
Chris Willson
Question on future rental income on mortgage application
Hi Everyone,I am thinking of purchasing my first home and have a question about mortgage applications. I have excellent credit (>800), however no history of a mortgage. I had a loan out on a car that was paid off i...
Michael Calderaro
Laundry Room Issues - How commissions are paid to your property
Greetings Gentle Readers!Today's topic is one that is of some concern to multifamily apartment owners currently in a laundry lease or thinking about signing a laundry lease."Commissions" is a colloquial term used by l...
Philippe LAURENT
New member in Bay Area SF
Hi all,
Let me introduce myself. I come from Paris, France not Texas, I am 36, I have recently been transfered with my family by my company (software editor) to the San Francisco area under an L1 Visa for 3 years. I...
Oleg Serdyuk
Should I house hack or invest out of state?
Hello guys. I live in San Diego in 1 bedroom condo. My loan payment including HOA is around $1,700.If I rent out this condo for, let's say same as my loan payment, and buy another property where my loan payment would ...
Denis Moreira
Analyzing a deal: Conventional vs FHA
Hi BP Members,I have two loan routes I can go with : Conventional or FHA. How many people have gone ahead and bought a property that cash flowed negative/break-even when analyzed using 50% rule under FHA terms (upfron...
Megan Elmendorf
Quick question on down payments. 20% or 25% down????
Hey guys quick question. We are in the process of looking at homes with our realtor and he firmly suggests we put 25% down instead of the 20%. We thought we should hold on to our money if possible, (even if its 5%) to...