Alex Johnson
LLC Name sufficient for close?
Need to close escrow on a transaction on Monday, October 13. It happened fast. And I need a new LLC to take title with. If I reserve a name officially, can I use that even if the rest of the process is not finished?Pl...
James Smith
FHA Self Sufficiency Test Question
Ive received conflicting guidance and just want to confirm...For the self sufficiency test, If a tenant has a month to month lease, will the appraiser use fair market rent values instead?If a tenant has an expired lea...
Anthony Salazar
Self Sufficiency Test with AirBNB
If I'm buying a multifamily property can I use the income they would produce as STR's to pass the FHA self sufficiency test? The listing includes the amount each unit grossed with AirBNB last year.
Bryan Hancock
Foreclosure Notice - What is Sufficient?
So we had our monthly auction in Texas yesterday and one of the deals we had tied up got auctioned off. Apparently the seller had been served notice at the property he was selling to us instead of his homestead. My ...
Dawn Curry
How much do you need to retire?
I get markets, lifestyles and goals differ.. but how much passive income do you need coming in to walk away from your full time job?
We all are ambitious if we’re on BP.. so what are your goals? What is the line whe...
Eric Inigo
Experience or thoughts on Homeroom?
Hello Everyone,
New to BP and real estate investing. Wondering if anyone has had any experience with https://livehomeroom.com ? If so, what was your experience like? They bring co-living to the Midwest and currently...
Oleksandr Ivanovskiy
Whats is the sufficient Rent increase
I have not raise the rent for 2 years. I am debating for how much I have to raise it. Any suggestions?
Margaretha Rice
Are email and text messaging sufficient
Are email and text messaging sufficient for contacting my evicted tenants to let them know that they will not be getting back their deposit? They are in the habit of moving without passing on their address.
Have emai...
Daniel Coleman
Failing FHA self sufficiency test options
Hello All,I am actually helping a friend who is trying to purchase a quadplex, but a very unique quad plex. THis partular quad is a single parcel, but actually is as follows:2bd 1 bath 1100sq ft SFH2bd 1 bath 900sq f...
Brandon Bell
Multifamily FHA Self-Sufficiency Test Question
I am trying to close on a 4-unit multifamily property using FHA lending through Lender A. My W-2 income alone qualifies me for the purchase of the multifamily property. The Self-Sufficiency Test does not pass the requ...