Hello everyone,We have a few questions as we get started seeing up our first rental property.1. Is it common practice to have the renter pay for the background check?2. Should we collect a security deposit and first/l...

Hello BP Community, I've started building a small portfolio of 4 properties and 15 units. I'm interested in expanding, and one way to do that is to bring in additional investors. I'm struggling with coming up with how...

Hi,

I've begun exploring the option of buying an investment property with the intent to rent by the room. Where can I find more info on how to safely and legally accomplish this? Google has not turned up mu...

Hello-I am considering purchasing a resort condo to use as a rental real estate investment. I believe they are more common in typical vacation spots like Kissimmee, Orlando, etc. Does anyone have any insights or exper...

Hello,Consider a building with 3 dwelling units, and some common space (laundry room and stairwell.) There are currently 3 meters, the laundry/stairwell/outdoor power connected to house meter. Each smaller unit has it...

Is it typical for lenders to allow 75% of rental income on your previous property to help you qualify for your next property? Would love to hear your experience with lenders and scaling your portfolio with the right o...

Hey everybody,  
Thank you for taking the time to read this post.  I am trying to determine our real cost of having one extra person live in our household.  Below is an overview of our unusual housing situation, foll...

I've done my share of renting throughout North Carolina and have seen many different approaches to this.What are you seeing as common here? Pet "Deposit"? Additional monthly "Pet Rent"? Both?I'm a huge pet lover. I al...

Can I pull money out of a property that is in a self directed IRA? The property is free and clear and I need funds for a rehab project. I am over 59 1/2 so should I take the property out the IRA or borrow against it o...

Preparing Loan Requests That Get Funded Lenders are driven by many factors; one of them is self-preservation. Simply put, no lender wants to make a deal that goes “upside down” Therefore, a would-be borrower, wants to...