Robin Johnson
Zoning issue: How to prove our duplex has always been a duplex?
Looking for advice on how to prove our property has been a duplex. Any help would be much appreciated! Here's the full background: We recently bought the duplex in South Salt Lake, UT and through the refinancing proce...
Gabriel Daneliuc
Buy or Rent for first time living in Los Angeles
Hello everybody,I will move to Los Angeles in the upcoming months, and I am planning to buy my first property using a mortgage loan. As Income, I will have a job in a corporation which also will provide me visa and al...
Terry Brennan
Financing Rentals
Hello Everyone on BP, I purchased a few rentals over the past 12 months and now I am running into a problem. My debt to income is capped due to me not having enough rental income history filed on taxes. Are there any ...
Kyle Mccaw
Pointers for screening tenant applications
Selecting your next tenant requires a thorough screening process, I believe it boils down to the 80/20 rule. In our experience, 80 percent of your problems can be eliminated by picking the right tenant. What we have s...
Ben Staples
Tenant with a sales job, how do I verify income??
Hi All,I'm new to the game and have a question. I understand the rule of verifying that the potential tenant's monthly income is 3X the monthly rent. A potential tenant seems like a nice guy, his application looks g...
William Morgan
Problem: Financing a "Relocated" MH
Hi all,I recently rehabbed a Manufactured home (1996 vintage), put it on the market and have it in contract with an FHA buyer. It appraised well and no issues were discovered during escrow. The buyers received loan a...
John S Lewis
Do I ask for rental histories?
So I think I found a good deal. The owner says he's made money and now wants to get out of the biz and sell down his holdings in the next 5 years. He also claims the property I'm looking at is always rented. Then I...
Jon W.
want to refi land contract...how long do I need to season?
Hello,I have a property I am trying to refi that is currently financed with a land contract. I have owned the property for 6 months and tried to go to my usual bank but for a land contract they require 12 month of se...
James Lloyd
Need Info For Potential Buyer
I need to know what information to put in a packet for a potential buyer. They are asking for property research, owner history, fair market price, projected profitability, and repair summary. Sample documents and temp...
Masa N.
Cash Out Refi- Low Doc/No Doc?
I am going to be doing a BRRRR and the last step of the cash out refi is where I run into issues. I am self employed and can't produce much in terms of tax documents etc. I can show bank statements and have excellen...