Brittney Lundeen
Unathorized Tenant in owner occupied duplex-Do I need to approve?
Hi all!
I have an inherited tenant living next to me in a side by side duplex since I moved into in January. She lives there with her 30 year old daughter and 16 year old niece. She seemed to be a good tenant at fir...
Terence Brown
How do we transition from personal mortgages to LLC?
My partners and I have been financing properties, leveraging personal mortgages all the while prolonging the jump to sending everything through our LLC. Is there any alternative to hard money lenders when looking for ...
Aaron J.
Government Lending Rules vs. Bank Policy?
Hi, my wife and I will soon be looking to get preapproved to buy a home. We just recently moved to a new state and don't have two years employment history here. I am looking for information on employment verification ...
Derek Larson
Outdoor Snow Mats- worth it?
I have a Short-Term Rental (STR) in Northern Michigan. This is my second winter- last winter I did less than 3 bookings. Was fine because we like it more in the winter. However, with a strong rental history and off...
Lesley Resnick
Applicant screening process in C-D areas
I have a triplex in a c-d area (rent 700 for a 2/1) and I was wondering how others are screening tenants. I am using a paid background check and call employer, current landlord. I am requiring they make 2100 a month...
S Harper
When does property care outweigh steady payment?
My partners and I are having a conversation about when to not renew a lease if your tenant has a good payment history. Thoughts?One says to not renew for just about any reason because the market is too strong to not h...
Jason Neff
Wait to get a HELOC or go for it?
Hi everyone,
We started the process on a heloc and were told that some smaller debt should be paid down to improve our credit score before applying to get a better interest rate. It would still be possible to get a h...
Enoch 'Nick' Wiesner
Need Help Evaluating/financing a Multifamily
I have been following/learning and am ready to evaluate my first property. There are some questions in the free tools for evaluating that I don't have access too. I feel like my property is a good opportunity but woul...
N/A N/A
LLC and getting a loan
I am thinking of getting into rentals, and would like to form an LLC to purchase my properties.
QUESTION: Can a newly formed LLC even get a loan from a lender to purchase a property, given that it has no credit histo...
Mark N.
Two Homeowner's Policies on One House - Owner Occupied (Airbnb)
I am new to real estate investing (and BiggerPockets), with three small rental condos in addition to our primary SFR home.The neighborhood where my wife and I reside is experiencing a rash of Homeowner's (HO-3) non-re...