Mark Wood
203K FHA Loans - are they Unicorns?
I'm interested in doing a house hack with a 4-plex that needs some work. I'd like to the FHA 203K loan on this one, but I can't seem to find anyone who actually does them. Everyone knows about them and says that the...
Jackie Liu
Potiential Prospect with conflicting information on Application
Hello BP member, I'm currently doing my due diligence on a potential prospect, during my search of the prospect's current residence I'm finding some information that does not match what was on the application. For sta...
Jan Kutrzeba
When to set up an LLC and seek financing w/partner?
Hi BP,My colleague and I have started taking the next steps to forming a partnership and purchasing our 1st MFH by the end of Q1 of 2021. At the moment, I’m looking for deals, underwriting, talking to brokers and sell...
Kevin Phu
How to manage my situation and house hack
Hey BPers,I'm in need of some solid advice/guidance in my situation.I currently have a SFR primary residence in which I rent out two of the rooms. For my W-2 job, I travel a lot and am often times out at sea for weeks...
Heather Chavez
Would Leasing a vehicle effect me from being approved for a home?
Hello, For a few years now i was not able to be approved for a Loan to purchase my first home because of a high car loan. I no longer have this vehicle in my possesion and am not held responsible for the car loan anym...
Rod Mendoza
Seeking feedback on offer strategy for Seller-Financing deal
I am looking to add to my portfolio and have identified a person who owns two properties, free and clear. They’re both rentals (occupied) and in poor shape. The owner is older, very busy and has other projects on the ...
Vernon Henry
Rent Lost in Mail
Hello,
I need some advice. I have a tenant who pays rent with postal money orders by mail to our PO box. They have been prompt and reliable and are good tenants. This months rent has not arrived even though it was ma...
Jake LaRoche
To buy now? or after me and my partner have a good foundation.
heres a loaded question that i felt like made sense to put in the Lending category. me and my father are partnering up to build a large real estate portfolio. full transparency I'm sitting at about a 590- 600 credit s...
Jaime Reyes
Best way to collect rent?
Hey guys, what is the best way to collect rent? I have one unit and this is my first rental? I would like a safe, user-friendly, trackable way for tenants to pay their rent to me. I have gone through forums and seen a...
Rick Howell
Working With the Best: Finding a Great Contractor
Work With The Best: Finding A Great Contractor Work with the Best: Finding a Great ContractorNovember 5, 2018In the flipping business, having a reliable contractor on your team can be the key to your success. Unfort...