Devin Haertling
Charging tenants late fees
I self manage 6 SFR. With my first lease I started with a flat $50 fee if rent wasn't paid before the 7th of the month at 9pm. A tenant took advantage of that and now pays at the end of every month but I get an extr...
Julian G.
WHO has a crystal ball?
Hello BP!
Where to go from here? (Does anyone have a crystal ball?) haha
I've been reading and reading, I'm just not sure where to go from here. Any input would be GREATLY appreciated
I currently ...
Jonathan H.
Explain 30 year fixed FHA loan please
Hi guys,
Im a Canadian citizen buying in the US and have been telling my family about the loan I will be getting.
I will be getting a 4plex at ~4.5 for 30 years fixed.
Now, both sides of my family (in Canada) are s...
David Li
Prospect Can't Pay Full Desposit
Hello, I have a prospect (family) whom I have already approved, but I am requesting 2 months deposit instead of the standard 1 month due to their less than ideal credit. They initially agreed verbally, but now they ar...
Andrew G Martinez
New to analyzing deals .. Would you do this deal?
Good evening BP, I am new to analyzing deals, I have put together this property and hope to learn if I am running numbers and assumptions correctly. Any advice, feedback is welcomed. Thank youNOTE:
Property List for ...
Ryan Sajdera
Student loans???
Hey all! I'm a new investor and I have a question for you. My wife has student loans we are paying on, and with the purchase of our first house, i'm wondering if I should work towards getting out of student loan debt ...
Karoly Holczhauser
Which refinance strategy should I choose ?
Purchased property in 2018 Q2, $50k downpayment; $200k loan; price was $249k
Right now I have 30 years fixed, 4.375% ARP ; $1533 / month as payment (p&i + tax incl) ; 225 HOA / m
Option 1: 30 years, 2.8% ARP; ...
Jaleen Anderson
How Much to Put on a Loan Buydown!?!?!?
Quick question to those who are in the rental field:
When you are doing a loan buy down (paying extra on the monthly mortgage), how much extra do you recommend to put towards it?
Is there a rule of thumb for this?
Atul Mohlajee
Tenant late every month for the last seven months
I have a tenant with a yearly lease expiring in November 2014. She has been severely late in rent payments for the last seven months. Gave her a 5-day notice every month. She pays partially and late but pays till e...
Bill Couture
Issuing rent receipts for rent payments?
Hello. What are your thoughts on mailing a receipt every time rent is received? I have a resident complaining that I don't mail one after explaining that her cancelled check or money order stub is proof of payment. I ...