Account Closed
1st + last month + security deposit too much for a $2.1k/m rental
Hey BPers,I have a rental I want to price at $2.1k/m.My question is: Can the average renter really come up with $6.3k up front to put down?Maybe it's better to do 1st month up front + like a $3k security deposit inste...
Tammy Wheatley
Rent Collection/Small Scale
I have a duplex that I house hack (live in the other side). I found my new primary and now will be renting out both sides of my duplex (Starting to feel like a Real investor now :) ). My current tenant just gives me...
Randy Watkins
security for a private loan
Need some advice please. I've used private money to fund a couple of deals but it's always been pretty straight forward: loan X amount of money which buys 1 property and the loan is secured by that property. What I wa...
Austin Bright
Debt to income Ratio Question
What pieces of a mortgage are included in "debt" for purposes of D/I ratio? P&I? Or the full PITI? Don't taxes hit the P&L? Not the B/S? So why would taxes and home owners insurance be calculated in debt to in...
Mike Matern
HELOC as Down Payment on Duplex
I'm trying to purchase a duplex with my parents. They are considering getting a HELOC on their current home which is paid off in full. The duplex is for sale for $300k. Is it possible for me to get a conventiona...
Mark Douglas
Line of Credit as down payment on FHA ??
Has anyone been successful using a personal line of credit as down payment funds?
John Delacruz
First Mortgage Advice
Hi, I am planning to buy a home. As I don’t have enough savings for that, I have no option other than a mortgage finance. I don’t have any previous experience with mortgages. So, I asked my friends for their suggestio...
Jared Caplinger
Breaking a lease
My tenant wants to break his 12 month lease 4 months into the contract. What are my options and how have any of you handled similar situations? Do you refund the security deposit? what about the last months rent that ...
Bryce Filho
How do I buy out my tenant in common?
Hi BP Members!I own a SFH 50/50 with another person. He is wanting to sell and move to Seattle for his new job, but I want to keep it because it is a great long term positive equity and cash flow rental. The problem i...
Oswaldo Rodriguez
Building credit through credit cards
Hello to all, I have a question about getting my first credit card. Im 19 years old and I want to get my first credit card to start building my credit. My question is, is it possible to get a credit card without a job...