Know of any local banks that will do a HELOC on a rental property? So far BOA, Regions, US Bank, and First Community have said no. Regions will do 70% LTV Home Equity Loan on a rental property for 15 years.
Anyone ever use the BP suggested tenant screening website RentPrep? Does it work well?
I’m trying to Screen a tenant Who has about $6000 monthly in income from IHSS ( basically government subsidies for someone who i...
Hello BP! Don't forget to be tracking your tax deductions throughout the year. To be deductible, a business expense must be both ordinary and necessary. Ordinary meaning it is common and accepted in your industry, and...
I'm a bit confused but what it means for these companies to remit taxes on your behalf. Does this mean that I do not need to save an additional 30% in a separate tax account? Can someone explain what remitting taxes m...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $200,000
Pair of duplexes purchased with 1031 proceeds from a previous sale with about 75% financing. Rents were...
Hello,I am targeting the smaller troubled banks for property. Does anyone have any advice on how to handle the asset managers? Tying to come up with a strategy but I am new and would like to know what to expect so I ...
I have an odd situation and I'm hoping someone may know of a solution.I have a Townhome rental property that has FHA mortgage with a 2.625% rate and I was able to get the PMI removed through a fast track refi earlier ...
I am currently a college senior looking to get into real estate along with my career path upon graduation. Starting from the bottom, I am looking to receive as many tips and as much guidance as possible. My father cur...
I have 50k to invest. Wanna buy multi families and apply brrrr strategy . The 50k will cover 30% down payment ( i am from canada) , closing cost, reno. Just wondering if that's enough. If yes, any place recommended ...
Good day, My partner and I purchased (2) 4-units multi family properties in a good in St Louis MO (63123) back in Sep 2021. For around $375,000 each, I only own 2 of the 8 units and my partners closed his part of the ...