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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...
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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...
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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...
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Tenants have been in property for 5 years. Have always paid on time, no issues, always willing to help with maintenance of property.This month, the rent late day passed, I called and tenant said they ran into some iss...
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Hello- I would like to find a professional with experience in smaller multi family (4 unit townhomes) home development in South and Central NJ. If you can assist or have a network that includes the following plea...
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Hello all, An applicant has explained that she has no credit (not bad credit), she and her husband started a business 6 months ago so they don't have tax returns. I'm trying to figure out what to do with this since I...
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Hey BP friends,In the next week, we are closing on our first little rental house. Its a 2/1, 1024 sq ft. Clearly it was a flip because we had to negotiate some really big repairs to make the deal work. Anyhoo, all ...
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I have a vacation home that has no mortgage and we are trying to pull out equity from it to purchase another property to use as a rental and vacation spot. We only have my husbands income, I'm retired and stay home t...
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Hello BG community
what are good software's available to manage rental portfolio, I tried STEASSA but its OK not great . I know quicken has one, what do you guys use to manage 5-10 SFH portfolio ? spreadsheets are no...
A couple of years ago we bought a property sub2 from a seller. Since we have been making timely payments on the seller’s behalf it has increased his credit score to the point that he wants to buy another house and he ...