Andrew Powers
Defining primary residence for purpose of using a VA loan
I am in the military and purchased my first home using a VA loan. I understand the purpose of a VA loan is for the eligible borrower to use the purchased property as his/her primary residence. I did find a blurb on th...
Michael Dorey
How do I estimate how much paint is needed?
The reason I pose this question is don't want to buy more than I need.I recently ordered paint for my business and had a Sherman William's rep come measure and give me an estimate of what I needed. It was over by 10 ...
Lois S.
Applicants have restraining orders or domestic violence history
I've been checking online county court records when I get an inquiry about a house for rent in a B-C class area. It seems like many potential applicants have gotten RO against someone, or filed DV charges.The restrain...
Manco Snead
Finding Good Help with Property Upkeep
Hello good people,
I know I am revisiting a common topic here, but would appreciate any feedback. I have a rental property (duplex) out of my area so have a property manager (family friend w/ experience of managing h...
Tripp Smith
Saving for the Next Property - Where to Put the Money?
Hey Everyone!I’m currently stashing as much of my income as possible in order to come up with a down payment for my second investment property which, like my first one, will likely be a house hack. So my question is t...
Todd Long
Mandatory 15% down for multi-unit property in NJ??
Hello All,I am looking to purchase my first investment rental property in NJ. I am looking at both single and multi unit properties. A friend of mine who is a mortgage consultant, states that a minimum down payment of...
Paul Koretsky
Seeking Feedback
I posing this question to get feedback on which route I should go. I have options for deals in the upcoming year. I should first tell you where I am at with investing. I currently own a single family rental and triple...
Matthew Terry
What would you do if you were me?
Hello BP Mates,
Looking for advice. I have a rental in Phoenix that I owe $210K on and it's estimated to be worth around $400K. It has a brand new AC, water heater, garage door opener, garbage disposal and it has a f...
Patrick Sears
How much to put into a rehab?
Here’s the scenario:1940’s 4/2 $30,000 HUD home located in rapidly turning around inner city area with new construction homes going up all around it ($140-$180k range)If my plan is to BRRRR the home, would you go all ...
Amy Innocenti
Proof of funds/partner
Hey y'all. I found a property in a good location (with good appreciation). Comps are $230-$265. I'm looking at offering $167 (it's a REO). Conservative rehab estimates are $20k for rental ready, $30k to make it nicer....