I've spoken with a couple of lenders in my area and they all require 20% on investment properties. My current cash situation leaves me short. Does anyone know of any online lenders that will do 10% down?
Here's what we're being offered by the mortgage broker we work with. Is this worthwhile to do?
- Our current payment will go down from $1287 to $1154 - so about $134 in cash flow savings.
- no closing costs. Our brok...
Hello Everyone! I just bought my first two duplexes in Chattanooga and I'm addicted to the cash flow right now. Unfortunately I made the mistake of tying up a lot of my money but I am in the process of saving up to be...
I have potential tenants for one of my properties in New Jersey. However, due to medical problems (i.e. cancer), there are collections/judgements on their credit. They are really nice and neat people. They are aware o...
I just got pre-approved for a conventional loan through a lender recommended to me by a Turnkey company. Wanted to make sure it's a good deal -this is my first house:
Loan for a $100,000 to $200,000 house with 20% ...
Hello, I have 7 rental properties right now (I'm not extremely seasoned in finding renters) and on one of them we have an applicant from another state that wants to rent the house unseen (just from pics on Zillow). T...
If a tenant passes all the requirements and is willing to pay a year up front are there any special tax considerations a landlord should be aware of? For example, if the lease starts on 2017 and ends in 2018, should t...
Hello! My realtor recently told me that it is illegal to use a tenant's security deposit to pay unpaid rent. He says the security deposit is only supposed to be used to pay for damages to the property. Is this true?...
Hi BP,I have a lender question I hope you can help me with. What should I expect to pay in loan fees when acquiring a loan for an investment property? I have great credit, zero debt and this will be my first conventio...
First I would like to say hello to everyone, I have read so many of your stories and listened to quite a few amazing experiences. I am amazed what so many of you have been able to accomplish and BP has been a huge ref...