Vipul Vaghela
Multimember LLC Finance Option
I formed an LLC with my 2 friends to start investing in a rental property. We are ready to put 20% down and looking for a property around $120k. I talked with one conventional mortgage lender and they directed me to ...
Phil Goodwin
How to get the ex-boyfriend to move out!?!?!
A family member lives in Florida and rents a home. Lease is month to month. The ex-boyfriend (and his 3 kids) moved in this year in the hopes of making amends. Unfortunately, it did not work out and he is verbally ...
Jay Phillips
Taking Over A VA Loan
Hello BP Family,Hope all is well. I have a guy that is looking to unload his Florida condo ASAP. He owes about $200k on a VA loan with the condo worth about $280k (fixed up-it needs work) and he really only needs ab...
Kevin Eldridge
Buyer pays part of broker fee?
Hi all,I'm starting to work with a broker on a potential deal at $80k, and from reviewing his "Buyer Agreement", I believe I would be on the hook for $1500 as a buyer:(a)If the property is listed with a real estate co...
Account Closed
Short Sale objections
Hello,
Some of my pre foreclosure owners are perfect candidates for a short sale, (1st and second notes are about equal to the market value, or are upside down) but they have basically given up on homeownership, and a...
Sean McKee
Illinois Eviction Ban ending August
Hello BP!I have a few questions for my Illinois landlords and anybody else who might have some input.Gov. Pritzker announced last month that the moratorium will end by August in Illinois. This has been long overdue a...
Jacob Beg
Will you rent to this tenant?
Hi All- The tenant was evicted in 2018, she says she fell I’ll buy repaid the arrears. I will be confirm that. For past three years, she is staying with relatives. He credit score is marginal. She has social sec incom...
Kyle J. Cooper
Interviewing Lenders/Getting Pre-Approved
I'll be ready to purchase my first house hack in about 6-9 months and had a couple questions for y'all! Currently in Dallas, TX and looking at interviewing lenders. I was laid off in April 2020 and back to work for th...
Kevin Lopes
Please Confirm Analysis?
I am a newbie although I acquired many $20k-$40k foreclosed residential properties last two 2years. Those cheap deals have dried up so I'm shifting focus to $1Mil commercial properties. How do I go about getting l...
Anna Catron
LOW RENT BACKGROUND CHECKS
We have 2 homes that rent between 1400-1600 and we do the full background/eviction/credit checks before they fill out the application. Do you find that deters lower rent clients? We're looking at a triplex that woul...