I've been running into a wall where the lenders I've contacted about getting an FHA loan for a multifamily will only work with duplexes maximum with a 3.5% down payment - for a 3/4-plex, they require 20-25% down. From...
Dear BP,
I'm currently gathering the financing to buy my first 4 unit rental property in the Portland, OR area, however I've heard some things that are giving me pause.. What I've heard is that there are good States...
Looking to buy a property around the area to live and / or rent out. How do I find out if this area is safe and / or good to invest?Any tips are fully appreciated. Thanks.
I have the opportunity to purchase a 13m SFR portfolio, however, most of my available cash is deployed into a 1031 and BRRRR deal. So I know that I have cash to repay the gap within 12 months. I can still fund roughly...
Hi all. My mom is the co-signer of a month-to-month rental contract in California. My sister is living in the rental, but has refused to pay the rent. My mom can't keep paying the rent each month for her and really...
Some of you might be facing the predicament of buying and selling a home at the same time. This can be challenging especially if you need the funds from selling your current home to buy the next one. If this process i...
The title may not be the best considering my thoughts, but here it goes.There are quite a few questions that come to mind especially when I saw a news report about more people renting than owning property (has me intr...
What percentage of monthly income do you budget for repairs? (Small multi unit family)
Last week we had Auben Realty’s Brent Voepel talk about “The Price of Property Management” and specifically discuss (perhaps even justify?) why a 10% management fee could be a bargain for excellent property management...
I am relocating from St. Paul, MN to the Wilmington, NC area and am considering REI wit vacation rental properties. I need to learn all I can in the next 6 months before I move in June, 2015.