Dwayne Gilbert
Help Getting Financing Allowing Assignment or Double Close
I have a property in good condition and an option to purchase the property at 125k. I also have a purchase agreement with a buyer willing to pay 152. I have even managed to hunt down a closing agent, harder than I eve...
Tucker Long
Cash out refinance vs refinance: different LTV allowed?
I was told the following, could someone confirm or deny this is accurate?If I pay cash for a home, rehab, rent, and go to refinance Fannie/Freddy guidelines will require me to keep 20% equity/my own cash in the deal r...
Timothy Gerdes
Options when lender won't allow deed to LLC
A few months ago I purchased a building with 4 townhouses in it in Texas. I created an LLC. I asked to use the LLC name for the title, but they told me to do it after closing. The loan was sold to another company. ...
Ally Gao
How many pets are allowed in one house?
Dear BP friends,Do you think it is ok if your tenants have 4 dogs (3 outdoor) in your rental property? Should I increase the rent because of the number of animals? By how much do you suggest to increase? Or is it bett...
Steve K.
Another Formula for Maximum Allowable Offer on Rental
Rich Dad had a free webinar on real estate investing. The speaker's name was Jason. In the webinar, he talked about a mathematical formula to calculate MAO from gross rental income. Like this.
(Yearly Gr...
Tracy R.
Tenants not allowing access due to immuno compromised
Hi, has anyone dealt with tenants who claim they are immuno compromised? Is this a "protected class" (rental is in Virginia)This tenant has had a minor electrical repair issue over the past year, but when I send som...
Lara Thatcher
Allow Dutch German shepherd dog in rental property?
Hi all, I’m in a bit of a predicament. I have very qualified prospective tenants but they have a Dutch German Shepard dog. Female, 54 lbs, vaccinated, potty trained and “very sweet”. I’ve only ever rented to people wi...
Eric Samuels
Allowing tenants to move in later in month
I’m new to house hacking a duplex and this is the second time someone asks me for a late move in. If I allow someone to move in later in the month (target month is nov) Should I still mandate full deposit and first mo...
Travis Kellems
House Hacking Duplex - Allowed to Lock Centralized Thermostat?
I am looking to house hack a house in South East Michigan and it is a boiler system with one thermostat located on the 1st floor within the lower unit. There is no way to control the upper unit (which I will be house ...
Reid Simonton
Lender won't allow transfer of ownership to LLC
Hi all,
This is my first post on BP - I looked around for similar questions/answers and couldn't find a good match so I figured I'd go ahead and post; hopefully this is the correct forum for my question. First, a li...