Danny Day
Fannie Mae 120% Financing Clause
Has anyone ran into this issue with Fannie Mae? They have a clause in their contract which states you can not finance more than 120% total of the contract price of the property...
So on my last deal, I purchased for...
Monte Blunk
Airbnb vacation rental advice
We own a townhouse in Park City, UT and have been self managing it for the last 3 years. It rents out during the winter months fairly easily but has very little traffic during the spring, summer and fall. What sites...
Cosette Trantow
In desperate need of help
Hello everyone. I'm new to owning rentals, I have 2 duplexes (Newburgh Heights and Shaker Heights)I had a very good relationship with my property manager until recently. He was always slow to send things like invoices...
Lor Fara
Renovated flip, doesn’t sell, next options
I’ve finished my first flip in October in Richmond CA. A single family, 3 beds, 2 baths, huge yard. The house turned out great after renovations. It’s listed at $650k based on comps. It didn’t sell in 40 days tho...
Marcus Auerbach
Is the market slowing down?
I am watching the market like a hawk to gauge the impact of higher mortagage rates. We are scratching on 5% for 30 year fixed, 5.25% if your credit is less than 740. Owner occupied.Yesterday one of my agents asked if ...
Charles A.
Anyone filling their vacancies ?
Are you offering any incentives?Or demanding extra security deposits?
Jon Lafferty
Diary of a 3/1 SFR Rent to Rehab - in Southern New Jersey
I've enjoyed reading so many of these deal diaries that I wanted to add one I am working on right now. I really think there is a ton of value added to our community by sharing what the life cycle of a deal looks like ...
Kyle Cabral
Marketing Allocation - How Much of Net Income
Hi BP community,I have a general question. For those who are planning out their marketing attack for 2016 right now, how much of your net worth do you allocate for marketing for any given year, month, quarter, whatev...
Sergio Rodriguez
Buy, Demolish, and Rebuild a Duplex near College Town
Hello all,I found this great property on sale near a college (great area to rent out to students). It is a duplex with probably a quarter acre to it. The only thing though is that the 2 units are a 2/1 and he building...
Raky Patel
Advice on sale needed ASAP
Hey all, I need advice regarding the sale of my rental. It is a former residence that is a cookie cutter town house. I am basically breaking even on. I owe $107k on it and market value is $157-160k. 1. Are transaction...