Rudy Manna
Max number of Mortgages
As i understand, Freddie and Fannie Mortgage have different set of criterion for 1-4 and then 5-10 mortgages. However,when they count is it per person or for the household? The reason ask is because me and my wife ind...
Brendan L.
Setting Section 8 Rent?
When putting up a section 8 friendly unit, can do by default charge the fair market rent (e.g. 1100)? Or is there some way in which what you're able to charge is tied to the local market (e.g. 850)?
Bar Goldstein
With 2M where should I invest in a multi family?
Hi everyone. I am trying to get in to the real estate world.
I saved up 500k and I understand that I can get 70-80% loan.
What will be the best market for me to start investing in multi family ?
I am really intereste...
Soup Nikk
Landlord Insurance: Choosing a policy
Hello BP Colleagues,I am buying my first SFH rental (4bed, 2150 sqft) and wanted to run the insurance policy quote and details by the community as I am not fully aware of things that I should be opting for in a landlo...
Daniel Cho
Capital Gains Unforeseen Circumstances
We bought our 2 bedroom Apt about 18 months ago, and to our surprise, my wife became pregnant with our second child. In addition, my job role changed requiring me to work more from home, which makes it nearly impossib...
Adam Pervez
Rejecting a tenant because another tenant had better credentials
This might seem like a stupid question, but are you allowed to reject a tenant applicant because another applicant had a higher income? Assuming both applicants passed every screening and met all requirements with the...
Matt Granger
Networking in South Carolina
From Columbia here. Retired from the Air Force, and have begun my new career as a real estate agent....Who else out there is from SC? Any investors out there? Lenders? Attorneys? Other Agents?
Emerson Miranda
How to do this $8M Deal?
I came across a property for sale that the owner is taking offers.The house is on the $8M price range.To give an Investor a 20% ROI, the offer should be $6.5M. My fee would be 3%.What do you guys think about these num...
Tony Hardy
Just closed apartment building in South Shore & Humboldt Park
I recently brokered a sale at 7201 S Constance a 39 unit courtyard style apartment building in the South Sore neighborhood of Chicago. The sale price was 1,000,000 ($25,641 Per unit, 13.11 Cap Rate and a GRM of 3.45)...
Dolan Bradley
MTR management commissions?
Any suggestions on MTR commission splits? I've seen 25% a lot how ever with the rent rates varying from insurance rentals, vacation rentals, travel nurses, etc. Do you ever alter what your take-home is? Also any recom...