Hi guys! I'm finally making the move to purchase my first ever real estate property and I'm currently applying to various different lenders and talking to real estate agents in 2 different cities. I'm leaning toward...
Hello everyone! This may be my first post. :-)I recently heard advice from a very experienced landlord/investor/agent in which he includes a "Credit collection agency" addendum with all his leases now which he belie...
Hey everyone, About to be a first time RE investor here, as I just got an offer accepted on a multi-family property. My plan is to target section 8 renters. The property is a 2bed/1bath over a 3bed/2 bath duplex. I've...
Hey BP members. Couple of questions.
- What are ways you allow your tenants to pay you for rent?
- What is the most effective way to get paid?
- Anything you learned not to allow?
-Any stories relating to issues ...
Hi .One of my teanent just keeps asking to pay later than the 3rd. This is her second time she asked for. Although I have a $50 late fee plus $10 per day, she agreed and paid it all.Now she is asking for 16th, and I c...
I am receiving a settlement of almost $120k at age 21 due to a personal injury lawsuit when i was younger. I am looking into receiving the settlement when i turn 18 so that I can buy a duplex/triplex/fourplex with an...
What is the best interest rate you can expect to get right now for a single family primary residence conventional loan?
Hi!!I am brand new to this forum, I found it through a Google search "commercial real estate development forum". I would like to start by thanking everyone for accepting me into your community. Please forgive my inexp...
Hi, I'm trying my BEST here to do my own accounting for the most part.Currently I have an S -corp established for my fix and flips and an LLC for my long term holds.Most of my business funds are in my S - Corp bank ac...
Here are some key factors that most Lenders consider when evaluating a DSCR Loan Application:
Property Income: Your rental property should generate enough income to cover all the expenses, including the loan payment....