Kimberly T.
Can "having a job" be part of your tenant screening criteria?
Hear me out.
Let's say part of your screening criteria is a minimum of 3x rent as income. In CA and some (all?) other states, you cannot discriminate based on source of income. That means if the prospective...
Jim Wineinger
Certain banks giving you problems?
Check out this excerpt from one article that I recently posted!
Recognize any names?
The Federal Home Loan Bank of San Francisco sued nine securities dealers alleging they misled it about the credit quality and risk...
Joseph Turner
Private Loans/SEC Regulations
Hello:
I have done numerous searches for information pertaining to soliciting/using private money and SEC regulations on BP and other sites and am having a hard time formulating a basic understanding.
I do not want ...
David Jackson
Suggestions on banks who refinance upto 85%
Hello wonderful community, i am looking for some suggestions on which banks are refinancing investment property up to 85% of LTV.
Kyle Good
Clarification on New Jersey regs:
Hello, as the title states I'm looking for some clarification on NJ landlord regulations. Specifically the security deposit and prepaid rent portion.
The security deposit, including any prepaid rent cannot exceed 1....
Lokesh W.
Questions about Buying Properties with Private Financing?
Hi,
I have a list of private lenders and I want to send out mailings to them requesting private financing. I have seen training provided by real estate gurus that also provide a list private lenders in the area. Sinc...
James Mamangun
I was told by the bank you can only have 4 mortgages.
Hello guys. Newbie here. The bank says I can only have 4 mortgages. Does this mean I can only have 4 rental properties? How can I have more than 4 properties? Do I form an LLC?
Trevor F.
Financing for Multiple 50k Properties
I have a number of properties I purchased cash in the last year for around 50-70k each in North Carolina that are currently rented at market rents. I need to find financing for them and I don't want to use my conventi...
Jerry Padilla
Foreign Investors in the USA and Getting Approved For Conventional Financing.
Here are Guidelines for Getting Approved for Financing. I hope you find this helpful, as I get many questions on Foreign Investors and Getting Approved For Conventional Financing. NON-U.S. CITIZENS Social Security Nu...
Justin B.
Lender: "Seller can't contribute more than 2% towards closing..."
So I'm buying my first rental property (actually closing this afternoon, :)!! ) and my lender tells me last week that the underwriter has approved the loan, however, because of the loan amount and it being an investme...