I'm taking my real estate course to get my license. And we we're spoke about promissory note. My professor summed up what it meant, and I didn't get the chance to have him clarify what it means exactly. Maybe a exampl...
I am trying to leverage my home's equity to access investment funds but I've run into a road block. I have tier 1 credit and according to the bank there's roughly $140,000 in equity in my home, but my debt to income r...
Hey folks,I am full speed ahead to close on my first duplex in mid-January. Will be utilizing this as a house hack. I need to get my banking situated for property expenses and am looking for suggestions on the best wa...
Although I have been a landlord for many years, I do have a question, A tenant is suing for a security deposit. The property is deeded to an LLC but the tenant made all checks from 2016-2022 including 1st, including t...
Im getting ready to make my first offer on a quadraplex here in FL. From what I understand from reading is that it's desirable to close on the 2nd, 3rd, or 4th of the month in order ti collect prorated rent from the ...
Hey folks,
Just wondering if other landlords can share their experiences in filling vacancies. Any creative ideas?
I’m purchasing a fully renovated, vacant 3-unit multiplex in Hartford, CT, for $450K. The anticipated rent per unit is $1,700-$1,900, annual rent 68,400
I’ve been quoted a 7.125% rate on a 30-year fixed mortgage from...
Hello All,I'm seeking the collective wisdom of the BP community to try and get some insight on a situation involving a pending RE transaction. Here's the scenario...We are currently under contract to buy a few rowhom...
I have a potential buyer who is willing to pay the asking price for my house, however they are approved to get $30k short of asking price. Can I give a sellers finance as a second mortgage? I’m not sure if that is do...
Hello, I'm very close to securing my first tenant and he happens to be a grad school student. I am asking him to pay first & last month's rent and a security deposit up-front. I understand that this may be a lot o...