Albert Lubin
What's a true OPEX ratio for a 10 to 15 units property?
Hi, I am a new investor and I'm contemplating buying a commercial property to hold. I've been using the general "50% of EGI" rule to analyze properties but I am curious what a "true" range is. I do have some questions...
Vincent Dang
Where and how to find lenders?
Hi,What are some of the best ways to find lenders? Ideally, I'm looking for smaller banks or credit unions as they usually have lower rates. Right now, I'm trying to call up the local ones and hoping they would do t...
Brandon Hotopp
Community reinvestment act
It's hard to find too much information on the community reinvestment act . Has anyone used it before and how does it work ? What are the terms and rates ? Does it go off of credit ? How can I apply for some CRA funds?...
Jason Elz
As a new landlord - how do I defend against fake identities?
Say a prospective tenant were to come to me with a fake ID, a made up SSN, and plenty of references and proof of income. When running background checks, what sort of response would come back if the ID or SSN is not va...
Gina McKee
Prospective tenant with collections & judgments on credit report
Hi all,I am conducting my first tenant screening process and would like some advice. I have received an application from a prospective tenant who has several collections (from 2009-2012) and judgments on their credit ...
Jordan Archer
Is it dangerous to whole sale using subject-to when the lien has an adjustable rate?
Hey BP,I will be acquiring houses using subject-to financing. I will sell the house using a wrap mortgage to buyers with bad credit. I want to know if it's dangerous to acquire the houses sub-to when the lien on the p...
Kyle Deutschmann
My newest house hack in Baltimore City, Maryland!
Investment Info:
Single-family residence buy & hold investment.
My newest house hack in Baltimore City, Maryland! This time in Canton! Details to come..
What made you interested in investing in...
Curtis C.
Mortgage Interest Rates Higher for Rental Properties?
Hello Everyone,
I am in the process of educating myself before I purchase my first few rental properties. I have heard that the mortgage rates for a 15 or 30 year loan are a little bit higher than if you were to get ...
Chris Seveney
US Debt Data From Kobeissi - Scary
So I saw the data below and am wondering, are americans fighting inflation with debt? Have incomes kept up with inflation? What will happen when the credit card companies and banks tighten their lending standards?Do y...
Mary B.
SAY GOOD-BYE TO HUD-1
Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect. I've included a few links...