James Wise
Cities in America with the WORST Landlord Tenant policies
I was browsing through the forums and came across a thread started by a landlord in Portland, Oregon. Long story short, I discovered that Portland requires their Landlords to give tenants a 90 day notice anytime they ...
John M.
Is Mortgage Insurance a deal killer, or the norm?
I'm working with my mortgage broker on financing for my first rental property. I'm looking to get a 2-4 unit, and I will be an owner occupant in one of the units.We got into the discussion about what I'd be able to af...
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...
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 ...
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...
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...
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...
Willie Banks
MAKING OFFER ON HUD PROPERTY FOR ASSIGNMENT FEE
I recently looked @ a hud home asking price 70k with ARV about 140k I have a buyer interested in the property can I do an Assignment? If put under contract with an acceptable offer???