Mark Scarola
NPN Foreclosure & Remaining Equity in Property
I've seen a couple of conversations here on BP about what happens to any remaining equity in the event that a NPN holder forecloses on a property. The assumption for many seems to be that the investor would get all...
Francis A.
California isn’t the only place where insurers are dropping homeowners
A growing number of homeowners nationwide are being dropped by insurance companies as firms and regulators struggle to deal with the unpredictable and costly risks of climate disasters.
Nonrenewal notices surged by n...
David A.
1 year FHA residency requirement
Hi all! I know there's a one-year period where an owner must occupy their FHA (3.5% dp) purchase, but curious how flexible that is. I bought a home with a 3.5% down payment on an FHA loan on December 20, 2019 and move...
Bryan Almodovar
Business credit card
Hello everyone,
I have been looking into getting information from banks in regards to a business credit card. My plan is too use a business credit card to be able to put a down payment on a property, using seller ...
Zachary Floyd
What kind of loan do I need for this deal?
We have a family member with a cabin that's willing to quit claim the deed to us and use seller financing to pay off the property. She owes 70k on the property. We'd like to pay off what she owes and we'd need a loa...
Justin B.
Real Estate Accounting Software Question
I hope I am in the right forum. If not, let me know where it should go and I'll change it.
Currently, I do all the accounting for my LLC which owns SFR's. I sue Excel and for the most part it works just fin...
Constantia Petrou
landlord burnout in SF
Hello,I was wondering if any of you could share your experience with landlord burnout and how to manage it. I own several properties in the San Francisco Bay area and the tenant pool that has recently been attracted t...
Phil T.
Can/Should I use a HELOC for BRRRR?
Hey all, I'm trying to figure out this BRRRR thing. I've got about $80-100k in equity in my personal residence. I'm interested in the BRRRR strategy, but would probably have to do it out of my area for it to make se...
John B.
When to take security deposit to hold rental
My SFR will not be available until Sept 1st but I plan to sign lease much sooner. How do I "hold" this for the tenant and safely take it off the advertising market. Can I / should I go ahead and ask for the security d...
Rebecca Rios
Automatic PMI cancellation??
Can someone help me figure out whether my PMI should’ve automatically been cancelled by now? I’ve read that by law it should automatically cancel if my balance drops below 78% of the original value/purchase price. Is ...