Stuart M.
Banks/CU's that will use a lease/less than 2 yrs rent for a HELOC
I'm looking for banks/CU's you've used that will give you a HELOC on an investment property and use the rental income for your DTI calculation even if you haven't rented it for 2 years - if you've only rented it for 6...
Ricardo P.
Interesting Situation.. Need Help/Suggestion
I have a tenant who recently told me a contractor of mine “stole/took/misplaced” a phone charger of theirs. Contractor has been working with me and my family for over 15+ years. What would you say do or suggest. Shoul...
Jesse Curtis
Milwaukee Duplex Analysis
Hi, First time buyer of a rental property and this is my first run at the numbers for a duplex. Property is a 2/2 Duplex (1 bath) with a 2 car garage. Currently occupied. Rents and taxes are actual. Asking price is 14...
Bienes Raices
Water won't turn on in REO
Bank's realtor says the water is on, and I called the water co. and it is indeed on. However when you turn the water main on the side of the house, nothing happens--still no water in house. I'm having my paid inspecti...
Joey English
Landlording: call of doody
This has been the year of the septic system. So far we’ve put in three sets of field lines and had to learn what not to do on a lower pressure drip system. (After owning one for four years, we learned they have a filt...
Nate Kimball
A hearty hello from Sin City, NV
Hello everyone,
My name is Nate Kimball and, until today, I have only been a forum troll, so to speak. I joined this site because I am amazed at how willing the sages here are to forfeit their wisdom and experience t...
Steven Bommarito
using what I have to my advantage
My house is a two family and I have a loan for 50,000 on it. We live in the top and rent the bottom. It appraised for 90,000. I think realistically it would sell for 75 or 80 K. How can I use this to my advantage to s...
Patrick Thomas Dickinson
Purchasing a property in SF bay area/ Sacramento region
Hey BP folks; Here's my situation. Me and Girlfriend are preapproved for 1,000,000 in loan together, I have 125,000$ to 140,000$ liquid cash to be used as down payment on whatever property we chose to purchase. Just l...
Serge S.
How much is enough?
2009 - 2012 were fantastic years to quickly accumulate wealth. Many of us took advantage and the ones that were able to buy and hold in mass have built substantial balance sheets. When I first started, my goal was to ...
Chaitanya Laxminarayan
Banks offering HELOC on investment properties in Texas
Given the downturn due to Covid-19, I want to get a HELOC in case I need the money to tide me over. I called BoA who said most banks only offer HELOCs on primary and vacation homes. My property is in Texas. Thanks.