Djenald Richard
New Landlord Screening Potential Tenants
Hello BP family. I am looking for some advice. I am a new landlord who is house hacking a duplex. I am screening potential tents to move into the vacant unit. I have an offer that seems enticing and would like some gu...
Allen L.
delayed financing exception
Hi all, I am refi'ing a new remodelled acquisition with conventional mortgage and I just heard about the limitations of delayed financing exception. It seems like I can only take out as much as the purchase price. The...
Ira Boyd
searching for a loan
How much should one expect to pay in closing costs for a typical rental property loan right now. I am looking to borrow $225,000 with a conventional loan. I see these online sites with rates as low as 3.75% APR, bu...
Ryan K.
Equifax hacked, 2/5 of Americans breached
EQUIFAX SUFFERS MASSIVE SECURITY BREACH Equifax, one of three nationwide credit-reporting companies that track and rates the financial history of U.S. consumers, says a giant cybersecurity breach compromised the pers...
Dmitriy Fomichenko
Utilities for my rental property
On one of my rentals, previous tenant left balance on the water bill. Now that I have new tenant, the city said the bill would have to be in my name. Because of the balance the old tenant left, their policy would...
Christopher Morin
Tenant wants to give 15 months rent UP FRONT
Yep, 15 months. She's not a drug dealer, but she is receiving a very large divorce settlement, has no income, will be going to nursing school. She is worried that without income she'll have a hard time getting appro...
John Magnusson
Are my mortgage rates and fees too high?
Hello. As a first time buyer I went forward with the mortgage company my realtor recommended and now I'm worried I did not get enough competitive offers for a loan. About us: My partner and I have excellent credit (~8...
Jacob Haskins
Inheriting Tenants- No proof of lease, verbal agreement only
Hello BP community!Tomorrow I am slated to close on a duplex, and I will inherit tenants. The seller has stated they do not have any paper leases, as everything is verbal. The tenants are long-term (about 10+ years)...
Will K
Closing Costs Seem High...
I am looking at purchasing two 3-unit townhouses as a package deal. Each townhouse is $90,000 each, for a total of $180,000. I am going to get a separate mortgage note for each property.
I talked to a bank the other...
Amy Zemser
Collecting First, Last, Security
Hello Landlords, I have a student rental in upstate NY and had a question about early security deposits. Students are on an academic calendar, and I always secure my students/tenants during the month of February for a...