Daniel K.
Rejecting a Prescreening for a Tenant
I prescreen applicants via e-mail before showing my property. This is my first rental which has just been listed yesterday. One applicant asked me first if I accept Section 8, which I do, so I said yes and sent her ...
Ricky R.
How to buy a house from family with an investor state of mind?
So I'm just starting out with investing and home ownership and have an opportunity to buy my grandparents home in Durham NC. I was originally offered to rent the place (which is paid off) but now offered to purchase t...
Simone Newsome
Mexico vacation rental
Hey BP!
I been looking at luxury vacation condos in Mexico. So the hotel handles all bookings, management and cleaning and split profit 70% investor-30% hotel. The Roi is between 10-13% depending on the bedrooms and ...
Kevin Chhorr
When does everyone get their rental check/wire??
I'm new to REI so this sound like a silly question. I was wonder when does your PM deposit the rent in your account? My PM get the checks from the tenant on the first and I receive my payment around the 15th(if i...
Tom Medwin
Need Some Quick Help - Mortgage Satisfaction
Hi Guys,
I closed on a short sale last month with ASC. They had verbage for no resale for 30 days. So I'm closing this Thursday with my buyer and the title co wants a recorded mortgage satisfaction. It hasn't been...
Alan Sue
Marital Interest Waiver
Hello everybody! Let me preface my fun complicated times, I currently live in Japan(ex-pat), and trying to purchase an investment property in Springfield, Missouri.Getting things notarized for America isn't the simple...
Adam Kozuch
South Milwaukee 4Plex Analysis
Hey BP,I currently own one 4 unit multifamily in Bay View and am looking to purchase another building with my brother. Short term he and his fiance plan to owner occupy with the long term strategy being buy and hold. ...
Rich Hupper
Home never went to probate mortgage company won't accept payments
Hello BP I have the following scenario I am trying to wrap my head around right now:Neil owned a home and has it mortgaged with Citi Mortgage. Neil has owned it for 50 years and allowed his daughter Anne to live there...
Yasmin Mughal
Househacking /cohousing in Hagerstown vs Pittsburgh
Hi there,I am considering buying a house in Hagerstown on the north end of town. I would be living on one floor and renting out 2 bedroom on the second floor (they would have to share a bath.) There is a room between ...
Noey Santiago
Refinancing with a Low Credit Score
I have a property that I need to refinance into a 30 Year Term. However, I do have a low credit score. Any Options please Advise.