I have a SFR that I have been marketing both for Sec 8 and individual renters. It is a 4/1 and I have been asking $875 monthly and one month's deposit. For the Sec 8 potential tenants, the deposit has been the issue...
I am looking for a rental property and I couldn’t find good deals near where I am living when I ran numbers. Because I don’t have multiple properties, I want to start out myself without hiring property manager. To sum...
I've gotten pre-qualified by a number of lenders for a rental property (SFH) in Knoxville, TN and all of 30 year fixed rate quotes range from 4.9 to 5.1 percent. I've seen people post rates on this forum that are much...
What are the pros/cons of the following:Owners home: FMV $200k, owes $130k, house is in decent shape.Owner loses job, can't afford to stay, going into foreclosure.I buy the house from him at what he owes and allow the...
I am in the process of doing a cash out refinance of a SFH. We are looking at a commercial loan (to place into an LLC). I was referred to a lender who is not affiliated with a bank or major institution, something I a...
I would love to hear your thoughts on what percentage of my gross income would be for typical services and fees usually handled by property management companies in the Sevierville areas. I’ll be handling everything m...
Whats going on guys? Im pretty new to the community but I would love you guys input and advice. Back in 2019 my families condo burned down and we were forced to move out. Long story short the condo has now been repair...
I am considering buying a local 5 unit in my neighborhood. I found a local bank that is considering lending some of the money and they are asking for the following items:Pro Forma - Do I create this or do I request th...
Good afternoon BP community. I have a question regarding a situation I’m in and maybe someone can give me some input from their experience.I have a specific property I am interested in and already saw it. For about a ...
Curious if anyone knows of banks/lenders that offer first position HELOC loans. I've heard they're out there but not sure where to look. I am currently refinancing my residence into a first position HELOC but lookin...