Stephen Galley
Will NYC Grants/Voucher provide stability?
According to The Wall Street Journal, NYC renters owe more than $1 BILLION in UNPAID rent as of January 2021. An estimated 185,000 households are behind $6000 in rent. In December, Mr. Cuomo extended New York's evicti...
Austin Spitzenberger
Texas - First Time Home Buyer Assistance
Good morning BP friends. I am currently looking to use an owner occupied loan to purchase a small multifamily (two-four plex). I have qualified for both 3.5% FHA and 5% conventional. I am aware of the benefits of each...
Paul Young
Sitting on a goldmine?
Hi BP Fam,
This is my very first post! My wife and 2 kiddos were lucky enough to start building a home in Austin, TX before the big boom this year. We love the area we are in, the schools, community. However, we ha...
Kurt Larson
Should I pay off the mortgage of my Live-In Duplex early
I own a duplex. Purchased in 2017 for $330k. Lots of sweat equity was put into this property. Appreciation since purchase has also been stellar. Current value $575k. 30 Year mortgage at 2.75%. Mortgage (All In ta...
Bryan Hancock
Tax Implications For "Gifted" Notes
We are considering "purchasing" a note from someone who wants to get rid of the downside risk in the event that the tenant quits paying. The tenants in the property pay EARLY every month and have done so for over 4 y...
Johnathan Cody
Using eRentPayment.com to collect rent
Has anyone used eRentPayment.com? is so how did it go? would you recommend it? I am new to the rental world and only have 1 unit but I would like to report payments to credit agencies and make paying rent as easy as p...
Butch Cantz
My mom is selling her house
My mom is looking to move out of the city limits of Philadelphia and move closer to the suburbs near my family. I was hoping to purchase the home from her and use it as my first rental property.She owns the property o...
Jose Sanchez
Creative financing solutions for VA loan appraisal coming in low
I am using a VA loan and have had trouble with the appraisals being lower than what I offered and sellers didn't want to do a reduction in price. This is my second time in escrow and I have found an amazing owner occu...
Ben Pepin
Saving for First Investment Property
I am 18 and will be joining the navy in June. I am planning on saving as much as I can during my 4 year enlistment. I want to save enough so that I can buy a duplex or triplex to house hack when I get out. My question...
Sandy Eugene
401k to fund rental property
Should I take money out of my 401k to help me buy a rental property if my job is matching what I contribute. I believe that once I take money out of my 401k that I won't be able to keep contributing and take advantage...