Eric Knapp
Understanding DTI requirements
It is my understanding that to qualify for a conventional mortgage, banks generally have a 28/36 DTI limit, where front-end value of 28% is based on PITI, and back-end value of 36% based on total revolving debt.
Firs...
Taylor Robertson
Should I accept this applicanant as tenant?
I have a recent applicant who is relocating to my local area for work. She does pass the qualifications for the most part but I see a few red flags. For one, she told me she doesn't have past landlords to use a refere...
Andrea Castor
How to help a friend get out of her condo?
I have a friend who purchased a condo at the height of the market. Purchased for $70k and 6 yrs later has paid mortgage down to $63k. She has since gotten married and moved into her husband's house. She has tried to s...
Scott Bowen
Cash-flowing with a house hack?
What are the best ways to house-hack in 2023 where generating positive cash flow is still possible? When I run calculations I'm finding that cash flow and sometimes even breaking even is hard in T1/T2 cities and their...
Henry Murray
Designated Occupent not moving out when Tenant breaks lease
I'm a new landlord renting out the single-family house I lived in when I lived in Ladson, South Carolina and I think I’m going to have a problem with a “Designated Occupant” coming up. I rented a room in the house to...
Jomar Felix
Anyone experienced in Wholesaling rental properties?
An agent came to me with a possible deal in Reading, PA , it is a full gut project. with parts of the house needing a rebuild so, a architect will be involved. It's going for 50k last purchased for 25k. Seller is moti...
Jeff White
Sand and water bathtub overflow when washer runs in basement
Hi Guys, I'm having an issue with the basement unit tenant stackable washer/dryer overflowing into the bathtub drain. I had a contractor put in a washer dryer down there about two months ago, and it connects to the s...
Gelbu Sherpa
Suggestions matters !
Hi namaste 🙏 to all ! Can you guys help me to make the best decisions please.....I currently have one primary house to live and one rental unit. Both of my property have 40-50% equity. The income from my unit breaks ...
Account Closed
Help to Break the lease officially
Hi,
We have lease until May. Unfortunately we bought own house, so we need to break a lease.
We wrote about it to the landlord in the beginning of December. Landlord is looking for new tenants and we do our best to ...
Ernest McNeil
In need a Maryland home inspector
Searching for a home inspector for a single family home in Capitol Heights, MD. Ideally, someone who works (or has worked) with contractors and can provide me a break down of labor and material.Thoughts, suggestions...