TJ Woolum
Refinance for Line of Credit
Hello everyone,I currently have a portfolio of 10 SFH rentals. 6 of these are on 30 year conventional mortgages with rates anywhere from 3.18% to 5.25%. 3 are on a 5/20 ARM at 5.1% and 1 I just closed on a 5/20 ARM at...
Brad H.
How do you pay for items on a rental if no rental segregated savings yet?
Let's say I'm looking to start renting primary residence in April. Driveway needs redone. Renters move in. Rent covers mortgage + $1000/month. Driveway cost $6k. I wouldnt have enough in my rental designated bank acco...
Jose B Mendoza
Need assistance analyzing a deal - First Rental - Multi-Family
Hello,I recently found a rental property for sale that seems like a great investment opportunity. However, this would be my first real state investment and I'd really appreciate if you could help me identifying any po...
Zoë Funk
What are major key points to include in an operating agreement with a partner?
I'm currently looking to purchase my first investment property this year and have determined that I will need a partner to help me purchase. I have some family that are interested and I feel as though we will make goo...
Kevin Nichter
Buying Property in Auction - Other Risks?
I am looking to purchase an investment property through the public auction process here in Louisville, KY. The property I'll be targeting is in an excellent location but I have good reason to believe it will require a...
Jay Levy
Tenant Screening Criteria
We have had some problems recently relying on tenant credit score, background checks and rent to income ratios as the main criteria for select tenants. I'm interested to hear if anyone has any thoughts on what other f...
Jeffrey A DeAngelis
OnLine Purchases with split IRA and outside IRA investment
Howdy, If anyone has invested with funds from a self vested IRA and funds from outside an IRA - for instance, 50/50, how do you manage online purchases and split between the two?For example. A STR purchased property a...
German Fernandez
House hacking a detached garage potential
Hello BP community,So for some backstory and general knowledge, I am currently house hacking a 3 family in RI and commuting for work in Boston. As I am dreading the drive after 2 years, I decided to purchase a sfh cut...
Pharaoh Mitchell
Squatters in property
Hi, I have a property under contract and the property has squatters. How do I go about getting them out or is this strictly the end buyers problem ?
Benjamin Sulka
Using Chat GPT for Lender Conversations
Hey BP Forums! Wanted to share something interesting with the lending community and get your take on it. I was preparing for a conversation with a lender regarding FHA 203(k) loans. I have a basic understanding of the...