So I have been finding out the hard way that rental income does not always count when qualifying for another mortgage.I am house hacking our primary residence. Although I collect rental income from our long term tenan...

My realtor states that there is no inventory in the Los Angeles marketplace & that's why the prices are so high.  I told him that Zillow says the L.A. area has approx. 11,701 properties for sale, so if there is no...

This has just come up for the first time in 14 years of landlording.  The tenant pays us through their bank auto-bill pay.  They are usually right on time, we get a check in the mail from their bank on the 1st or 2nd ...

I found an owner who wants to do a short sale but I don't even know if these numbers will work and what kind of deal to expect from the bank.

The loan is was originated by Countrywide just before the crash of 06-07 ...

I rent to students around a university. It is mid year and this tenants mom (co-signer) wrote the following note;I am writing to formally request the early termination of my child's lease at location in San Jose due t...

I'm looking at a couple properties and one of them happens to be a short sale. The numbers look good and the house is beautiful. Just curious if there are any pitfalls to be aware of before pulling the trigger on this...

Hello BP,I am struggling with my apartment underwriting standards. I use a set of conservative or semi-conservative rules that should keep me out of trouble if the market turns against me. What I keep finding out is t...

I have had some friends and family that have shown interest in investing with me. How have you set it up where you use other people's money? I was thinking about them owning part of the property or maybe them just giv...

Hi, wife and I are first-time RE investors, based in Chicago. Our offer just got accepted for a new development duplex-down in a high-growth neighborhood of Chicago. Trying to pressure test the deal financials with th...

Hi guys! Hope someone can help me with this situation. We have a flip that has been on the market for 153 days and it will not sell. Our business partners who can refinance the home won’t do it. We recently had an off...