Jeff Kaplan
Applicant retired and getting divorced
We have an applicant who is retired AND in the midst of a divorce. We seek advice in how to qualify since the divorce settlement is incomplete. Much of the assets including their current home are in both their names. ...
Dina C.
Are gift funds allowed when purchasing a second house?
I bought a house for $300K in cash 6 months ago that I want to use as a vacation house. My domestic partner gave me $60K as a "gift" and I am adding him to the title. I want to get a 30-year mortgage now and pull my c...
Quentin Johnson
SubTo on a property nearing foreclosure
Hello All, I'm considering securing a property that's nearing foreclosure. The plan is to SubTo but I'm unsure of the deals viability. House was renovated prior to the initial purchase. It's move in ready. Original Pu...
Jethro Stoltzfus
Paying off my personal home mortgage or saving for an investment property?
Last year, I purchased a home with a 7% interest rate. I made a substantial down payment, so I could potentially pay off the house in about 4 years with my current income. I'm 23 years old and plan to use real estate ...
Jacob Mendrin
Being sued for keeping security deposit.
Hello all, apologies if this question has been asked before but after searching through the forums for a while I found nothing to match my particular situation. We have recently sold our rental home to the renters. Th...
Michael Simmons
Tax Question - FSBO Investment Property
Situation: Selling an investment property FSBO (we've never occupied the residence). I will keep the mortgage in my name and make mortgage payments. New "owners" will pay me monthly. They have 5 years to secure fu...
Christopher McGuire
What type of financing is this called? Is it legal?
I'm not sure the technical words to do what I want to do but I'm hoping you guys can shed the light (as always).I want to sell some of my rentals through some kind of owner financing or a rent to own type deal.What is...
Reid Hanley
Anyone ever used an Insurance Bond instead of a Lease Deposit
I came across an ad for an apartment building in which the seller described that he used insurance bonds instead of security deposits. This sounds interesting, but I'm sure there are other details to know about this ...
Vasudev Kirs
Rental management portals to store sensitive documents
Hello:Could someone please recommend rental management portals that you have used or use to securely store your tenants sensitive documents like passport?Any suggestions?
Justin Mariniak
Is it possible to evict 1 tenant with 2 on lease - Florida
Good morning Bigger Pockets community,
I am having a tough time with a new rental property. I have a duplex here in St. Petersburg Florida where one side is rented by two gentlemen. One of them pays on time, keeps ...