Aaron Hunt
First Purchase - Closing Costs
Hey Guys,
Really appreciate any responses and guidance here.
This is my first investment purchase, property is in Livermore California, and we are in closing. As I type this, I am reviewing the disclosures from...
Tony Gunter
BRRRR Long Term Financing (Georgia)
Hello BP Family,I am looking for lender recommendations from people who have closed cash out refi on BRRRR properties. Properties in Georgia Commercial product for property(s) held in an LLC75% or more LTV - CASH OUTN...
Luca Burato
How would you invest your first $100K?
Very simple question from someone who doesn't know how to start...how would you invest your first $100K? Any feedback, idea or advice is more than welcome. Thank you!
Bellman Tumasang
Collecting rents with a property management company?
Let’s say my property rent not NOI is $1m a year.
All tenants pay online using an online service or app etc.
I have a property management company that I pay 10% so $100k.
As the property management company manage...
Kenny Lindsey
tenancy in sufferance(roommate issues)
When is it a good time to take legal action for rent not paid. Is it a certain dollar amount or maybe when you don’t want the reputation of being the one that lets tenants go on rent not paid. Recently had a roommate ...
Jennifer T.
Do you always try to cash out the max LTV? Which of these 2 lenders would you choose?
I am trying to cash out refi a property and have narrowed my lenders down to 2. Which one of these DSCR loans would you pick? (Or keep shopping?)
Yes I know it's not a perfect BRRRR and I can't cash out everything bu...
Robert N.
$5,971 in closing costs/fees on $36,000 loan?
Hello all,
This is my first question posed on B.P.! My question is simple. I am set to close on a property this month (a triplex). The purchase price is $48,000 with 25% down ($12,000). So my loan will be $36,000. H...
Luke S.
Credit card rent payments (upcharge?)
I just picked up some units this week and some of the residents are used to paying with a credit card.
If i get a 'square' and use that to pay for them, it will likely cost me %2.75 of their rent to do it.
...
Deborah Drexler
Choosing a Hard Money Lender
Hi I am looking for hard money for a deal I am doing in Norfolk County. The house will not qualify for conventional financing. I will be putting down 50% of the asking price. There are so many Hard Money Lenders o...
Jihyeon Park
Canceled Application fee refund
My landlord choose me as a tenant and changed her mind in last minute. She even didn't let me know her change of her mind until I texted her as no one was contacting me. I didn't sign a lease, but I have her text that...