I am applying for a DSCR loan and am now a renter myself. I’m being asked to provide 12 months of cancelled checks in addition to a lease to prove that I’m renting. Providing a copy of the lease makes sense but havin...
Hello! Looking for fixer uppers with flipping in mind but found a SFH on the outskirts of town. It is bank owned asking around 95k it needs a touch up but practically all cosmetic barring a possible heating system iss...
I'm trying to run some numbers on a rental property but I'm getting stuck on the utility (water) bill. Do I assume a number?? Or do I ask the listing agent or contact the utility company for that area ?? Or contact th...
I'm looking to invest in multi-family but my DTI is pretty much at its limit. I've looked at several ways to incorporate deals but the majority of sellers want a loan from the bank. How can I continue making offers wi...
Hey BP! I am a Realtor and work, live, and invest in real estate here in the Scottsdale/ Phoenix/ Mesa/ Tempe areas and have experience in doing 1 year rentals with condos and single family homes. I have been running ...
We are closing on a duplex in the next few days. When I called to switch utilities to my name I discovered that apparently the duplex shares a water and sewer meter with a neighbor. The meter is on the property I am ...
I am looking at a property that due to a variety of circumstances it does not have a lot of historical information available. This got me thinking about how to estimate gas, electrical etc. Yes, during the DD period,...
I'm thinking about buying a mobile home park in Georgia. The park only has 8 pads with a well and septic tanks. I was wondering if I could a monthly usage change to cover maintenance expenses. Thanks for any info.
Good Afternoon! I have experience with 2-4 unit residential but working on transitioning to focus my investing in bigger unit buildings and I have a few questions on a property that came across recently. It's only a...
So I’m looking at a 2 bedroom in Ferguson it already has tenants in it. I won’t be renewing the current tenants lease. I want to put it on sec 8 doesn’t sec 8 have a standard payment amount for how much they will pay ...