I need some help from the bright minds on this board.  I have vacancies infrequently (thank you, Jesus), but I have one now.  I'm using FB Mktplace and getting huge demand for my rental unit.  Paper applications are o...

Great question! QM stands for a qualified mortgage. Qualified mortgages tend to be traditional government-backed loans and conventional loans (basically non-government backed traditional loans).
QM Loans are usually...

I have recently purchased my first rental property. I purchased the property and did some minor repairs all in cash so I own the property outright. The property is held under an LLC. I have recently placed a tenant in...

We in the process of settling this estate where we have inherited 1/6 of a commercial building, and have the opportunity to purchase another 2/6 from our siblings, and I was hoping for some additional help with my nex...

question for property managers and self manging landlords.  Do any of you have a screening scoring system?  I just read the ultimate guide to screening but I didn't notice a score system.  For example, you have 2 appl...

I am about 25 days from closing on my first investment property and the mortgage loan officer wants me to keep my credit unfrozen (from all 3 credit bureaus) till the day of closing. Is this normal? When I talked with...

Hey everyone,
I thought of this hypothetical scenario where I would do a seller-financed deal on a property valued at $250,000. I plan to put down $100,000, leaving a seller-held mortgage of $150,000 at an 8% interes...

Looking for some insight from the BP community. What specific credit score, if any, do you require when screening tenants?  And are you no longer using a specific credit score in light of concerns with Fair Housing, ...

I have a condo in Washington DC and water damage from rain somehow leaked into my unit and damaged the floors.  This was six months ago.  The association fixed the problem causing the water to enter the building, but ...

I was hoping someone out here would be able to provide some insight on just exactly how the process of getting a loan approved and underwritten works. Seems as though the standards aren't always the same. Any insigh...