Edward Stephens
Should I take a hardship withdrawal from my 401(k) for a down payment?
Dear BP Community, I am actively looking to purchase both units of a duplex, live in one unit and lease one unit (house hack). I found a property that I’m considering making an offer on, and I’m analyzing different ...
Matthew Strickland
Corporate Housing Company Has Dissolved, Yet Still Has Tenants In Our Rental
Hello BP Community! My wife and I own a rental property that we decided to rent through a corporate housing company in August of last year. They contacted her and said they could provide above market rent due to using...
Tyler J.
Selling House and signed Fannie saying Owner Occ??
So long story short, I bought a house a few months ago that I did intend to live in when rehab was complete. Well one thing let to another and I ran out of money and borrowed a little from family to finish the house. ...
James Carlson
Will mortgage forbearance affect credit or loan qualification?
I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...
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My landlord has to sell, but still wants 30 days notice!
So here is the scenario:
My landlord is in big financial troubles and has big bad mortgage situation. He is on the brink of being foreclosed on, and has to show that he is at least trying to sell the house. I rent ...
Jonathan Rivette
No Credit History (from 1 of 3 tenants) - Should I Be Concerned?
Hi, I'm screening tenants for a single family home and the husband has no credit history but makes the bulk of the income. The wife has excellent credit (high 700s) and the adult son (also a contributing income earner...
Matt Leber
Brevard County FL Coronavirus Assistance Program
Wanted to post this to potentially help out any fellow Brevard County Florida landlords who have tenants facing hardship due to the virus and are having trouble paying their rent. I have tenants in Melbourne who were ...
Lella Bennett
Does Gov. Ducey’s eviction protection order apply to lease ends?
I have a tenant whose lease ended on July 31. They haven’t been the best tenants and I would prefer not to renew their lease for another year. When I informed my property management company that I would like to give t...
Ricardo Dominguez
Home thats under water
My daughter and son in law are under water with their home. They can't get any help. Does anyone have an answer for this dilemma. They purchased the home in 2006 for 170,000 with a arms interest rate. Ten years later ...
Bob Roemer
Potential Opportunity?
Being completely new to Short Sales, I'm trying to find out if this is really what I perceive to be an opportunity. A Realtor has a listing where the sellers had to move for job reasons, they purchased another house ...