Erin Hauser
Rental Application Denial question
I have received 3 applications from a group wanting to rent a unit, however two stated they have bad credit and one has no credit. Can I deny them based on this information alone, or do I still have to have them to pa...
Marc Izquierdo
Raising Debt for Long Term Rentals
Hi everyone,I’m interested in raising debt for small multifamily deals but I have a few questions about it and how I want it to work with my proposed strategy.One of the things I’m wondering about is how to structure ...
Christina R.
New Out of State Rental Property in Philadelphia - How to Handle
I own a 2 family home in NYC- created and bought the house in an LLC. I live on one side and rent the other side. I am now about to close on a single family rental property in Philadelphia. Buying it all cash and hope...
Anthony R.
Using Pre-Tax Rent To Paydown HELOC
So it recently occurred to me that I might be setting myself up for failure. Earlier in the year, I bought a new building, but instead of traditional financing, this time I used my HELOC to purchase it. The numbers ar...
Nick Yates
Property Management Recommendations
Hello to BP Detroit community, my wife and I are closing on a property in Redford and wanted to ask for property management recommendations. I have searched previous discussion threads on BP and know that Castle and E...
Brandon Clark
Window World or not?
Hey BP,I have a property in New Orleans that has 6 bad/broken windows that need to be replaced. I have two questions. 1.) Is window world a good place to get windows? Or would a contractor be a better choice? 2.) Shou...
Jerry Poon
Mortgage from Private Lender or Regular Bank?
I am seeking a loan, and I have a few options between a private lender and a regular bank. The terms are similar. What are the pros and cons of each?Will the private loan show up on my credit?And lastly, what are the ...
Travis Barron
Refinance: Cash Out or No Cash Out
Hello BP Members, I'd like to hear your opinion.Currently my wife and I are looking to refinance underlying mortgage on our primary residence from a 30 yr fixed @ 4.5%, to a 5/1 ARM @ 3.375% based on received rate quo...
Aaron Rouser
Rehab Over-budget - Suggestions? (Saint Paul, MN)
My wife and I purchased our first SF residence - 2Bd/1BA - at the end of July in Saint Paul, MN. The goal for this property is to add additional 500sqft of living space in an unfinished basement and add an additional ...
Jadyn Rigby
Rookie home purchaser advice
I am a first time home buyer currently in the process of buying a house. I have a house that I'm under contract on this house https://www.zillow.com/homes/1.... for about 600k, additionally my due diligence ends the m...