Timothy Joost
FHA Loan - Less than 2 years employment history
Background: I & the wife are looking to buy a MF 4 unit property priced at $250k via an FHA loan. One of the requirements for the loan is that we have a 2 year continuous employment.
I have a 1 year gap in income...
Rebecca Knox
Milwaukee condo association approves tenants
We are considering purchasing a condominium to use as a rental property in the Georgetown Condo complex off of N 95th & Villard. This would be our first condo purchase.However, I just received the copy of the byla...
Dan Williams
Are banking relationships important? or does it mean you are over leveraged
Hello All,Background - I own 13 SFH all with conventional mortgages. - Currently, our LTV across all properties is 40%. - No experience with portfolio loans or commercial lending, educational awareness from...
Kayla D.
Chicago Shared Housing Application Denial
Hi all! Hoping for some advice here.I purchased my first 2 unit Oct 22 and currently occupy the 1st unit duplex as my primary home. In November I submitted my shared-housing application to Chicago’s BACP, with the hop...
Louis A.
Illinois Section 8 -- Tenant staying past lease date
Hi Guys,I have a Section 8 tenant who I fear may over stay past their lease. I'm looking for contingency strategies on how to manage the situation. But first the background:- Acquired 3 Flat Building in Cook County F...
Jarid S. Johnson
What Is Your Experience with SD-IRAs?
Ok, now that I have a number of trustees to research, I'd like to here from or talk with someone who has an SD-IRA. The prevailing wisdom has often been, "don't touch your retirement money to invest in real estate."As...
Nicholas D.
Apartments.com........anything else out there that people like?
I originally had Cozy.co and actually through some guidance learned to love it. I was transferred over to apartments.com...and needless to say I have given it over a year or so...and it's garbage. I am looking for any...
Andrew S.
Tenant's boyfriend moved in
Happy Monday BP, I have a good tenant who has moved in her boyfriend. I was notified after the fact. They have been a good tenant for ~8 months into a 12 mo lease and have discussed renewing the lease in other conver...
Keith A.
does the lower the tenant's income directly mean bad tenants?
Howdy all, I'm thinking about purchasing another rental, but this would be in very very very blue collar area. Crime is not bad by any means. My other properties are in an area that require a somewhat higher income in...
Michael S.
How to find partners or investors to start flipping property?
Hi, if your looking for a strong partner with the construction background and required skills to make flips profitable, I am looking for partners with strong financial backgrounds. Basically, I have the manpower, know...