Dumb question: My Realtor wants proof of funds why?

I ask my realtor to put me on a list of houses that need repairing. He says, "sure, give me a POF".

Stupid question: why?

I've asked several rea...

My question is in regards to wear and tear; specifically, plumbing below the floorboards and inside the walls on a 20-year-old rental cottage. If there is leak not readily noticeable, as in occurring inside the bathro...

Hello all, 
First post here. Currently in an inspection period on my first duplex in South Minneapolis. The property is in decent shape, but I'm having concerns about a small unit located in the attic. Currently the ...

Hi again,
Under contract to sell SF home - closing on Sept 7th, 1031 clocks start ticking to identify and purchase multi-family property.   
I'm starting to reach out to a number of you (lenders) who have responded ...

I know the general rule of thumb is that you put aside 35% of your rental income for repairs/maintenance. Is there ever a point where you don't need to set it aside anymore? Common sense would tell me no because thing...

Hey guys, so I'm having trouble getting dipping my toes into the water and getting my first deal. I am 23 years old (since yesterday) on Long Island and after a few years of constant studying and showing I am serious ...

I know there have been many posts about this, but wasn't able to find this specific part addressed yet... 
If I'm buying an STR, and having it professionally managed, would the benefits of an LLC over good insurance ...

Purchase Price: $115,000 Rehab: $110,000Bought and Renovated using a local hard money lender Pine Financial Refinanced out with a new commercial loan. New appraisal after renovations came out at $400,000 leaving 160,0...

Hey All,I have a live-in BRRR and would be interested to hear what you think of my plan.BackgroundMy wife and I bought a fixer-upper in Portland OR at the beginning of 2016. Our reason for buying this particular house...

I currently own 8 rentals and I want to do cashout refi on one of them. My lender told me that I can no longer do cashout refi via conventional loan if I own more than 4 rentals.What are my options? Can I do cashout r...