Dustin Le
Rent to small business vs. w2?
Are you guys more willing to rent to a tenant with a small business or a tenant with a w2? For reference, the tenant with a small business makes $10-20k more than the w2 tenant. Thank you in advance!
JJ Harris
Renters Insurance requirements
Hi BP,How do you property managers handle renter's insurance? Do you manage the policy and charge the tenant? Do you just put in a clause for it and hope for the best after the first verification? What are my optio...
Brandon Sturgill
Drafting a Personal Financial Statement as a New Investor
So, I have been struggling for some time to draft a cohesive financial statement. I have a W2 job and routine living expenses, so my cash is always in flux. And I rehab and resale, so any profit I make is instantly ro...
Account Closed
Conventional Mortgage and Investment Property Mortgage
Hello,I recently bought my first investment property in Mesa, AZ and have a 17.7% return on cash invested with 20% down. I am trying to figure out my next move and have a few questions. I live with my girlfriend in a ...
Robert Walden
Hard Money Broker Fees
I've done a couple of deals years ago, and was planning to start a real estate business full-time this Spring. But, I lost my job due to the pandemic and have used up my down payment savings on living expenses. I have...
Alison Lee
200k in cash, what to do
My initial thoughts were to purchase an existing duplex or triplex. I looked at several, with one being a triplex about 30+ years old. It brought in $1,850 total per month and asking price was 180k. It needed a few up...
Shirley Wagner
House Hacking Analysis in CA
Hello, I love BP and am motivated to stop renting and house hack. Living in CA everything is really expensive. Seeking to do a FHA for a duplex but how do I know if it is a good deal when I will need to pay for my ...
Jacob Fisher
How many rental properties do you have?
Hello,
I currently have 2 rentals. First 2015 purchase was for 36k 3 bedroom I rent for $600 a month
Second in 2017 I purchased for 30k and rent for $600
I’m looking to buy my third as soon as I find a nice one at a g...
Kevin Snow
New Member Introduction
Hey BP, Long time reader/listener, first time poster. I bought my first property in Boston back in 2009 and rented 2 of the rooms out to friends. I didn't realize it at the time, but I was house hacking. I was livi...
Michael Wohl
Income on application states "Grad Student Financial Aid"
I received an application for a veterinarian technician who is going to vet school. The property is a single family house for $1200 per month. The required verifiable income for the rental is $3600 per month. Liste...