Richard Lovering
STR mortgage options?
Howdy BP friends! For those that play in the short term rental space, have any of you utilized the 10% down mortgage for your property? If so, what bank did you use? Wondering if there are any particular banks that ex...
Matt Lopez
Long-distance rentals: Do I need to hire a property manager?
Is it absolutely necessary to hire a property manager when owning long-distance rental properties? I’m concerned they would not always have mine and my wallet’s best interest at heart.I plan to purchase my first renta...
Andrew Pappas
Rehab not completed but paid for-Should I take legal action?
Hello, I am a new BP member and am having a big issue with an out of state rental property. I purchased a duplex in St Louis through a turnkey provider that was pre-rehabbed. The contract included a purchase price a...
Austin James
Things to think about when walking a 47 unit property
What are some good things to be looking for and thinking about for a prospective buyer who is walking the grounds of a 47 unit building?I have a pretty good idea, just hoped to snag a tip from a more experienced opera...
Eric Hathway
What rate should I expect to pay on owner financed 2nd mortgage?
I am considering a 11 unit building for $700k in NH and only have 10% down. My bank requires 20% down so the owner said he would give me a second mortgage at a rate of 10% for either 5 or 10 years. Is that a high rat...
Nick Mercurio
Pitching seller financing for off market deals
My wife and I live in a fairly high priced market in Southern California and our plan is to house-hack a fourplex in the next few months. We've recently been doing lots of research with regards to finding owners' name...
Lawana Anderson
How do you determine the ARV of a property?
Does this happen after you see the property? Do I need to hire a Appraiser or build a friendship with a General Contractor? Which one is least cost effective? Or if I have general knowledge, gestimate?
Jenna Cawlfield
To obtain a Realtor license or not and why?
My husband and I are just starting out with our business and are laying the framework for a buy, rehab, and hold structure with intent to lease in the Milwaukee market. One of my main questions is would you recommend ...
Serena Halterman
Doing Direct Mail Campaign Out of State
Hey everyone. I live in Los Angeles and am looking to buy a rental property in Kansas City. I found a realtor I really like, but haven't had any luck with MLS listings. Is it possible to do a direct mail campaign in a...
Shella Sanders
Short sale lender ordering BPO
The lender on my current short sale in dallas said top of this week to get title to send the preliminary hud for the price I offered. So I was thinking it was a go. Plus last week the lender said typically what they d...