Anne James
Banks or Credit Unions Selling Loans to Freddie Mac
Hello,I’m in the market for a Home Equity Line of Credit (HELOC). My preference is to establish a relationship with a bank or credit union which sells their mortgage loans to Freddie Mac. According to #AskBP 095, Fred...
David Slovak
Fourplex/House Hack: How do I remove a tenant to live in a unit?
Good day,I am extremely interested in making an offer and purchasing an older income producing fourplex. Each unit has a private fenced (newly updated) patio and the units have a new roof. I am in the approval proce...
Joe Vastola
Minimum Down Payment for Out-of-State Investment?
Hello BP!I live in New York and due to high real estate prices am interested in purchasing either a SFH or a small multi-family home out of state. I have spoken to a few different lenders and have gotten varied inform...
Andrew Bolton
Commercial Loan for a 5-unit building in NJ
Hi there, I currently own two single family rental properties and was recently approached about purchasing a 5-unit building in the same town. The listing notes state that only commercial loans can be used. I have z...
Kevin Greer
What are best practices for Rental Security Deposits?
All, In talking with various investors, I understand that in certain states security deposits must be maintained in cash, cannot be invested, and accounted for in a separate account. Thus this would tie up tens of th...
Deborah Wodell
Thoughts on Using DSCR Loans
Hi fellow investors,
I’ve been hearing a lot about DSCR (Debt Service Coverage Ratio) loans lately, especially in the context of long-term buy-and-hold investments. For those of you who’ve used DSCR loans, I’d love t...
Kimberly T.
Can "having a job" be part of your tenant screening criteria?
Hear me out.
Let's say part of your screening criteria is a minimum of 3x rent as income. In CA and some (all?) other states, you cannot discriminate based on source of income. That means if the prospective...
Kimberly H.
Need a FHA/203K expert in Baltimore
I want to thank all the season veterans for helping me so much with my first RE investment purchase. I purchased a duplex almost 2. 5 years ago and they are currently being rented out with great tenants. Thanks to y...
Patricia Andriolo-Bull
So now VRBO tells us when and how to communicate?
Did y'all get the VRBO email on their new Host Communication policy and with it, sale of property? Not that the communication policy they set forward is outrageous, it just gets tiring of being told what and how to d...
Aj Escomiendo
Rate Shopping Etiquette
What’s the proper etiquette when shopping mortgage rates? If planning for shopping rates, is it respectful to be transparent and tell the lender/broker that you plan on shopping the rate to get a better deal?