Serena Holland
Rentals
My fiance and I have been getting turned down for rentals rather it be through a rental company or private party, we dont have the best credit but we have very good income coming in even after taxes being taking out. ...
Robert Hastings
Using rental income for mortgage app
If you have a unit that rents for 500/month and from that unit you cash flow only 150 monthly and you have over two years documented income on tax returns, you will only be allowed to use 75% of that "cash flow" incom...
Sarah T.
How difficult was it to qualify for FHA loan?
My plan is to start investing late this year/early next year. I graduated in December and am trying to build capital right now. My parents are willing to lend me money as well. I work three part time jobs and can't lo...
Sebastian Nadal
Screening for a roommate for the first time
I'm in Rogers Park, Chicago. I have several people interested in being my roommate. So far, I have two people who seem they could good tenants. I did find them on Craigslist though.My mom has one property in Romeovill...
John D.
CA Attorney for Dodd-Frank seller financed questions
Hi All- I've read many contradicting things with regards to how Dodd Frank impacts seller financing, both here on BP and elsewhere. In particular if it applies to non-owner occupied properties, or raw land, what e...
Bob D.
FHA 100 Mile Rule - Can I Get Around It?
My friend has found a deal on a two family in his town in Hull, MA and has it locked up at great price, probably $20k under FMV. He currently lives in a single family with his wife in the same town, but they are plann...
Huy Thai
Homestead Exemption question
PROPERTY TAX QUESTION: If I'm buying a home that has homestead exemption with two months left in the year as an investment property, do I get to benefit from the homestead discount for the 2 months that I'm paying for...
Tony Marcelle
Wouldn't that money be better spent buying a house?
These gurus be charging thou$ands of dollars for their courses and seminars. If someone has that kind of money to pay for the course, wouldn't they be better off investing that money in real estate itself? Why pay $4k...
Veronica Crass
Thoughts on unique situation with Cosigner?
Hi everyone,What are your thoughts on renting to this couple in this situation? They meet all our criteria except for their credit scores...but the cosigner has a good credit score.- Joint application with Co-signer- ...
Tim McCahill
HELOC strategy - downpayment and upgrade
My wife and I are applying for a HELOC on an investment property and expect to get an LOC of about $100K. Our thinking is to apply some of that as a downpayment on our next investment and the rest to upgrade another m...