David Lao
FHA with 15% Down or Conventional with 25% Down?
I'm in contract to buying a 4-plex in Oakland for 1.1 M. I plan to owner-occupy one unit and rent out the other three. I wanted to take out an FHA loan while putting just 3.5% down, but due to FHA's self-sufficiency ...
Kelly N.
Bank will only allow 30% of LLC's funds for closing and down payment costs
Hi all,Anyone heard of this policy? I am trying to find out if it is just Quicken Loans or if this is a Fannie/Freddie stipulation.We are in the process of buying a 3rd rental property. We bought the first 2 in 2013...
Cassidy Burns
How should I handle my $$/bank accounts
Hey BP,
Quick question:
Any suggestions on how to manage rent and cash flow? I have started a new account where my rental mortgage payments are being made out of and where my rent checks are being deposited into. Sh...
Rafael Alvis
General question about lease option sand which
Hello BP community,I am reading the book by Brandon Turner “investing in real estate with no or low money down” and I have a general question and about lease options, specifically lease sandwich options. After the a...
Cameron DePaola
Looking for Advice on Purchasing Two-Unit
I am new to the world of real estate purchasing and investing and am looking for advice on purchasing a bank-owned property. It is a two-unit apartment house listed at $79,900 and the bank is offering to finance the p...
Troy F.
How do you track Section 8 rents in your accounting?
I use Stessa to keep track of my rental income and expenses. We have one section 8 tenant. There is a category under income for Rent and another for Section 8. My section 8 tenant pays $320 while the Housing Assist...
Tim Krueger
Absentee Owner List
I have just purchased a list of absentee owners in my area. I will send out the post cards next week. To save on cost I will be sending out 500 at a time. 500 is when you get a bulk break from USPS.
...
Chip Marchand
Outlets Open Ground
Looking for some advice on a rental property I just purchased. The inspection report indicated that the electrical outlets were not grounded or “open ground.” In talking to an electrician it would cost $900 to complet...
Daniel Llauger
Flipping using Hard Money calculations
Hey BP flippers pro'sThis is the first time I've been doing a flip using Hard Money, and I've been struggling with the numbers to the point if I'm doing the math correct or not. I have used BP calculator and I also cr...
Andrew Sampino
Revisiting the duplex deal in Dallas, TX
Hi everyone,
I recently posted about a deal that my friend was considering in Dallas, TX; that post is below and labeled "original post". We've looked at the numbers a little more closely and changed up the strategy ...