Grant H.
Hard money on 4 unit property?
I'm looking for some advice regarding the possible purchase of a permitted 4 unit property, but it needs an entire renovation. During the renovation, the plan is to add a 5th unit in the attic. How will this effect th...
Obaid M.
Getting closer to Deal #1 - monthly payments freaking me out!
Hello BiggerPockets! I'm getting closer to my Deal #1 seems like (closer than I've ever been)...and I'm getting a bit nervous thinking about monthly payments I'll owe to the lender. The property I'm looking at is curr...
Christy Holt
I recently had a FIRE at my duplex - Refund rent?
Hello Everyone,I recently had a fire at my duplex. One side is a total loss. The tenant has requested a refund of the rent and deposit. Would you refund the rent? The tenant won't get much of the deposit back due ...
Eric Mcginn
Multifamily Refi??
So I'm officially a homeowner as of last thursday. I'll start with the down and dirty facts:Property has two duplexes (4 units) but one building is uninhabitable and will be demolished next week.I purchased using LLC ...
Brennen Waldron
Land Contract to Traditional Mortgage to Improve Cashflow
In 2021, I purchased 3 residential properties through a single land contract deal (2 SFHs and 1 Double). The sale was 121,400 @ 2.5% for 10 years. This breaks down my mortgage payment to be around 1,200 a month, with ...
Gene Murashko
Portland Oregon Zoning
I am looking at a property that is in Portland (Lents area) and since zoning varies by county and city I have a question for the experts. It has 1 house on 2 lots totaling 9200 square feet. The house according to the...
Theresa W.
What does it mean if a property is non-finance able?
Hi BP,I apologize for such a basic question.. I've found a property that I've qualified through my own analysis: the price is right, 100% occupancy, and it cash flows nicely with 20% down. But the realtor says it's "n...
Kunal Lakhwani
Picking insurance from 2 options for my first rental property
I received 2 quotes for a 1929 built SFR in Indianapolis IN. It is a 1100 sq ft 3 bed 1.5 bath with detached garage, backyard, and an unfinished basement.The difference in the premium for both options is significant, ...
Robert Medina
FHA or private lender
Hello, so i hoping to get some input on a current situation that i am in. So i have a property that I have under contract. I have 2 options a private lender or fha construction loan. The sale price is 315000. The fha...
Autumn Wells
Do I have to pay prorated rent for an uninhabitable room?
I was renting a room in a house when the toilet in the restroom next to my room overflowed (not at my fault) and flooded half of my room. Contractors had to tear out the carpet, the bottom half of the walls, and my do...