I recently got a mortgage on my 2nd investment property (within the last 15 days). I asked the loan officer to send a copy of my credit report just for curiosity. The bank rep said that they are not allowed to give...

Hello everyone,
I came across a deal for ~50 units of small warehouses (each 700-800 sq ft) and leases are around 1 year each.  Is this typical to have 1 year leases and be treated more like a residential rental?  Al...

Does anyone rent washer and dryers to section 8 tenants? I have the clause in my lease and section 8 approved the lease. They are now questioning the charge for the machines. I have a rental with a different section 8...

Hello there, friends - I'm interested in getting licensed as a Mortgage Loan Officer, but I'd love to run a few questions by someone (or multiple folks) who already have boots on the ground in the industry to get some...

I will check with my CPA as well, but am interested in BP members' best practices for setting up bank accounts for rentals. I am transitioning my rentals into LLCs and plan to have a separate bank account for each. I ...

ust got a new tenant from section 8, after months of searching, finally , we settled on these three sisters. We thought since they are young, maybe they would not have much experiences.  They only qualified for two be...

Hi BP experts,Long time lurker, first time poster.I have a gentlemen that responded to my direct mail campaign and we came to a verbal agreement for me to buy 4 pieces of vacant land from him.  However, I am finding i...

Hi BP,

I'm in the process of purchasing a property and the seller has an $8,000 lien on property. Seller thought they could pay the lien off as part of their closing cost, but according to title company they need to ...

I have a 3 bedroom, 1 bathroom single family and I'm considering renting it as a 2 bedroom + office or 3 bedroom. I feel that a 3 bedroom MTR is rarer so I'd have a competitive edge, but I'd also like the option to at...

Hello-I work for a CRE firm that is planning to branch out into other asset classes however I want to understand the different metrics/thresholds used to evaluate these asset classes. I come from a self storage backgr...