Jayme B.
2nd Home Mortgage for STR
Do all lending companies for 2nd home mortgage loans look at 2 years of W2's? My 2022 W2 income is significantly higher than 2021. The last lender I worked with averaged 2021 & 2022 together which ruined the DTI r...
Account Closed
Mixed Use Development: Austin Area
Apartments on top, commercial space on the bottom. Have you build one or do you own one? I'm trying to get some preliminary numbers to see if this is a realistic possibility. We're thinking about doing a 3000sqft foo...
William Morgan
Delaying the Effective Date of a contract
Our CA company routinely offers property for sale on the MLS. The way it normally works is;
We sign a Purchase agreement with a seller. Change the "Active" status to "Active under contractWait for the Buyer to sub...
Nipa S.
Inheriting tenants without security deposits
Hi all, I’m a brand new BP pro and am excited to be closing on a triplex in a few days. I am in DD and will be inheriting tenants for the first time. I found out that the seller did not require the tenants to pay a se...
Clint Harris
Improving more than 50% replacement value of a property in NC
My wife and I are interested in completely remodeling one of our beach duplexes that we use for short term rentals. Specifically, we want to go up another floor, new covered porches, new hardy plank, basically a full...
Hans Schubert
VA Loans - Best way to leverage
Hello Bigger Pockets FamI'm interested if there are any military veteran investors out there who have found creative ways to leverage the VA loan. I understand house-hacking is basically a necessity due to the 'Primar...
Casey Faul
What Are The Top 5 Things To Look For in a CPA
What are some questions I should ask CPAs to determine who would be a good fit for my team? What are 5 aspects of a good CPA for REI?
Jenna Estefan
Crime Committed at Rental - Can Police Seize Property?
Luckily, this is not my property, but a past client's, and the situation is interesting to me so I thought I'd see if anyone else here has had any experiences with this. When my client moved these tenants in, he fooli...
Edd Sylvester
Giving friend of friend preference over other applicants
Hi all,I just purchased my first rental property and we have had a few applications but one is from a friend of a friend and that reference trumps everything for us. We didn't realize they'd be interested, if we would...
Ken D.
Financial Penalties for Lease Violations
I'm in Minnesota.
I'm in the process of beefing up my existing lease with additional expectations of tenant behavior (such as not having other adults not on the lease living at the property). My understanding is that...