Tom Nellman
How much additional debt can u add to traditional mortgage?
Hi,I am interested in purchasing a rental property with a 30 yr mortgage. The rental property is $85,000. I also carry a personal loan of $277,000 that is on a 5 year note, has 3 1/2 yrs left. I have never missed a...
Jacob Phillips
Financing a group of duplexes (8 units)
Super hypothetical, BUT: I’ve been obsessing over a group of duplexes in their own cul de sac in my hometown. 8 units total. The current ask is too much and I’m new to the game, but my primary question is:What are cre...
Nik Moushon
1031 and getting a credit at closing
I remember listening to a podcast here on BP, at least I think it was, that was talking about how this person knew the seller was wanting to 1031 so they offered full asking price but asked for a credit back from the ...
Jeff Gates
Tenant screening beware
Today it was found criminal and eviction results are flawed if applicant enters wrong data. A landlord has no visibility with this issue and the CRA does not care. This applies to all vendors an all CRA's. As a landlo...
Joshua Andrews
Interest rate calculations
I know there has been very detailed posts in the past regarding the differences between Yield, IRR and how to calculate them. For what I am doing however, I am a little confused on which metric I should refer to for a...
Dionne Rodriguez
Lender is tells me I have to put 20% on my second fha house hack?
I live in eastern MA, 2O mins approx from Boston. Was on the phone with a lending officer and was telling him about my goal to buy my second house hack property. I currently own a 3 family I bought September of 2020 t...
Grace Kwon
Does the FHA guarantee the total loan amount after the 3.5% down
Hi all,
I wanted to ask a clarifying question on FHA loan limits. I know there are caps for the amount of loan you can receive under FHA, depending on the area you are looking to buy in, however, my question is, is t...
Scott Wiliamson
Rent Ceiling for neighborhood
Is there a rent ceiling for a neighborhood?I'm looking for my first BRRRR property and I keep getting stuck on approximating future rent prospect. If the rent of houses in the area, with similar Sq. Footage, is low ca...
Brian Tran
Newbie Question Concerning Pro Bonuses
Hello Pro Members,I am needing help accessing the bonuses that come with becoming a pro member.I just recently became pro and I was greatly interested in the bonuses of becoming a pro member. Such as the free E-Book o...
Brian Lewis
Partnership Agreement Info
In a Partnership, what is the going percentage split between someone who is financing the deal and the one who does the repairs and all the leg work ? Thanks for you responses.