This will be my first investment property. It will be a short term rental property. When it comes to financing, is it best to finance this first deal as a second home/vacation home? Only 10% down payment necessary. Or...
Hello again!As a new landlord, I am trying to figure out the "best" option for my tenants to pay rent each month. I have looked around BP and read some articles and have a few ideas for a system I would actually use.....
Hey there,So I'm reading everything I can in this forum, (very very helpful btw) and have come to the conclusion that I would like to try and put together a close-to-home apartment deal on some smaller (4-16 unit) mul...
Ok, I have a dilemma. How is the best way to collect rents if the majority of your tenants don’t have bank accounts. I know it is hard to believe in this day and age but there are a significant number of people who d...
In the last year our little real estate company has submitted quite a few loan applications. We've received plenty of No's and just enough Yes's, but consistently the loan officers are impressed by our Finance Applica...
Hey BP,I'm just curious about a transaction that seemed odd between a realtor and a person selling her house. This is a retail/market price attempt at a sale by the home owner. Within 7 hours of the listing 2 offers c...
I have been given an opportunity to purchase a portfolio of 85 properties that each net ~$250 a month (if 80 are rented, 20k in net a month). The seller who is looking to retire is willing to finance the whole portfol...
I have a 2nd toy car that I have a loan on, but am equitable in. A property came up just a few houses down from my current rental and I think I can buy it right, but I don't have the cash for the down payment at the m...
Hi, we are new real estate investors. We just purchased our first property. The tenants are accustomed to paying their rent to the old owner in cash. This will not work for us. We would like them to use some form...