Hi. I just purchased a rental with an existing tenant. My personal policy is no cash but the current lease makes no mention of payment methods. Can i forbid cash payments? Thanks
I have my tenants with bank accounts paying almost exclusively online and it makes rent collection and tracking so much easier. I am looking for a similar option for tenants who don't have bank accounts and are payin...
#askBPI have $30k saved and ready to use. Is there an advantage to using this to pay down my current (primary) mortgage and then getting an equity line of credit, or should I use this strictly as investment capital? ...
Looking for users of renttecdirect to share their experience with the software?
All,What is the ideal cash flow per unit for a specific % of down payment? I’ve watched numerous webinars and 100$ to 200$ seems to be the number. My question is what % down payment should be giving me that cash flow?...
Hello BP community! I just put an offer in on a nice quadplex. Asking price $270k, down payment of $67,500, monthly cashflow should be $699 with a 11.2% COC ROI so numbers look good. I am torn on how to handle the dow...
Hello, my wife and I are looking for our first flip. We have some money in the bank for a down payment and proof we can make the monthly payment on a hard money loan. We are a little short and are wanting to borrow $1...
I see that a lot of investors like to buy properties for cash, and refinance them at a later date to pull out their equity. In my opinion, it would be smarter to use the leverage on the front end, to maximize your pu...
Happy Monday BP,
I'm doing a refi on my house hack duplex from 4.75% to 3.125%. I have it currently setup to get ~$2k cash back at closing. I'm debating just changing the loan amount down $2k so I don't get any cash ...
We currently own two SFR investment properties we originally purchased as a primary residence and since turned into rentals. Both are on 30 year fixed interest rate loans. With the interest rates low right now, we c...