Charlene Byssainthe
Is the Fannie Mae home style loan competitive enough?
Are people finding that in this market it’s harder to get under contract on a property with a Fannie Mae Homestyle loan? My husband and I are trying to purchase, but the prices in ATL are crazy. We thought it’d be a l...
Dave Stokley
How do you incentivize cleaners to go above and beyond?
We have been experimenting with things like paying a $5 bonus for every 5* review and additional bonuses for 5* review streaks. Since we have 12+ cleaners on our team we've also been discussing a regular email/newslet...
Ada Li
Mortgage Questions - Home Ready / Home Possible vs FHA
Hi there!
1. What counts as income? Are bonuses included?Home Ready and Home Possible have Avg Median Income limits (Philadelphia $84K)- I meet this requirement if I don't include bonuses (from referrals and perform...
Tracy Selfridge
First house under contract
Hello BP! Just got my first house under contract! Big thanks to my mentor and a fellow BP member! It's said that we aim for "no"s but I got a yes on my 2nd actual offer! Pretty excited about this. I even have another ...
Erin O'Connor Smith
3 day to perform or let it ride?
Reasoning this out with fellow landlords please!
My renters are refusing to comply with our signed lease agreement's stipulation to produce proof of renter's insurance of $300k liability per person, which is standar...
Matt Ferch
Help with 401K loan math? Compared to HML?
Hello, I would like some help understanding the math related to taking a 401K loan. - I have a 401K which allows up to $50,000 loan for any purpose- 6.5% interest- time period can be 6 to 60 months- it is paid back wi...
Cody Smith
Selling my rental before the lease is up
Hey BP, thanks for stopping by my post!I have a bit of a moral dilemma. I have a current LTR that I have gained about $80,000 in equity since purchasing. I began exploring STR properties recently, and after much resea...
Eamonn McElroy
IS your rental a trade or business (IRC Sec 199A/QBID/20% Deduct)
BP Community,247 pages of final IRC Sec 199A regulations, 39 pages of new proposed IRC Sec 199A regulations, a new Revenue Procedure related to W-2 wage calculation for 199A purposes, and a proposed Revenue Procedure ...
Lokesh C.
Property manager not responding
Property manager not responding to my email or phone. I have not received last month rent. what should I be doing?
Tricia O'Brien
Using IRA money to buy / create notes
I recently heard that investors can take money out of their IRA to lend as hard money lenders or to buy notes without paying the 10% penalty to the IRS. Is this true? Has anyone done this? Any replies would be appreci...