Account Closed
Advise on Owner Occupancy for FHA loan
Hello all! I have a question about the owner occupancy clause of an FHA-backed loan. I am looking to use an FHA loan to finance the purchase of a great Triplex that I found in Rhode Island. I currently live and work i...
Leeling Chew
Vacating a Noisy Tenant in a Rent By Room Situation
Bigger Pocket Community,
I need advice from rent-by-the-room owners and Texas lawyers.
Quick introduction. I own a property in Austin (3 Bed 2 Bath). I was doing LTR but decided to renovate to do STR. To pay for the...
Ralph E.
How would you use an FHA loan to turn into cash flow, etc.
How would you get cash flow, and sell for a profit, by using an FHA loan to acquire a 2-4 unit property? I am trying to figure out how to make this work, as in, what I need to do to be able to make cash flow, and to l...
Lois S.
Promissory note payoff issue with title company
We are newbies to private lending. We gave an 'interest-only' promissory note to our borrower a few years ago. Now our borrower has refinanced through a mortgage company. The title company asked us for a payoff dema...
Mike M
Water Meter Malfunction?
I have a very strange situation.
I was taking reading on almost everyday to see how fast the numbers are moving.
2 days later it showed 200 Gallons
6th days 700 gallons which is too high since we did not do laundry an...
Michael Peters
Encountered my 1st Hoarder Tenant
Just completed my annual walk through of a townhome and encountered my first hoarder experience. Not quite to the level of reality tv but still absolutely not okay. Garage had trash bags stacked 4 ft high wall to wa...
Kevin Phu
Terminating M2M House Hack Lease
Hey BPers,Looking for some advice here on moving forward with a lease termination properly. I have a tenant that moved into one of my rooms on Sep 1 on a M2M lease. Attached to the lease is also a property rules docum...
Jonathan Youse
New Aspiring Real Estate Investor - Columbus, OH
Hello BP Community,
My name is Jonathan Youse, I have recently moved back to my hometown of Columbus, Ohio from CA. Currently my wife, daughter and I are living with family and saving steadily each month to leverag...
Adam Taylor
What's Happening in Greenville, SC
The demand in Greenville, South Carolina, stems from several factors that collectively contribute to its attractiveness as a place to live, work, and play. Firstly, Greenville has undergone significant revitalization ...
Greg Snell
Tenants Without Hot Water
HI all, the propane water heater in one of my units needs to be replaced. It looks like my tenants will be without hot water for a few days while everything gets worked out. Should I offer a rent reduction or somethin...