Felix L.
Tenant Screening in NJ
Hi All,New landlord in Norther New Jersey, have a question about tennant screening for any folks doing buisiness locally.From my past experience in New York I was under the impression that asking for the following thi...
Tom Saysithideth
Commercial Loan Estimates When Running Multifamily Numbers
Hello BP Family,How do you all determine numbers for a commercial mortgage when estimating if a property if worth purchasing? Below are numbers I have (50% rule), the main concern is how to get accurate estimates (tha...
Blake Varner
Can’t show property when tenant isn’t home but he’s always gone.
Hello. Newbie landlord here. Tenant is moving out in under a month. I want to show the property to prospects but my tenant doesn’t want strangers there when he’s not there. The problem is he’s almost never there. If I...
Justin Turpin
Will house hacking hurt me getting a construction loan
My wife and I are looking at selling our personal residence this fall and starting the build of our new house. We both have W2 jobs. I want to dive head first into rentals as soon as the build is complete. However, in...
Eric A.
NYC operating expenses?
Question for all the seasoned NYC / Brooklyn / Queens multi-family buy and hold investors out there. When analyzing multi family properties in our high-cost area, what rule of thumb or percentages do you use for esti...
Scott Bowles
Minimum credit score question
Good morning,I was curious what people use as a minimum credit score for B-, C+ type properties in the Salt Lake City, Utah area. Thanks!Scott
Ed Jaroch
Historic Building Rehab Federal Tax Credits
Are there any readers of this forum that have used "Federal Tax Credits for Rehabilitating Historic Buildings". I would interested in hearing what your experience was like. The tax credit sounds interesting, the ...
Daniel Kong
Managing Credit Score with Lines of Credit
Hello. I'm opening a few personal lines of credit to do short term BRRRRs. The problem is that now that I have the LOCs open and am borrowing from them, it looks like my credit score is taking a big hit. This may impa...
Svend W.
How firm is the 2-years of income rule for self-employed people?
Hi folks
I'm interested in pursing REI opportunities in small multifamily, but recently switched from W2 employment to self-employment.
My impression is that the rule of thumb here is that banks want to see 2 years...
Austin Klesmith
Where do you go for Private Funding?
Hey everyone, I'm looking for private funding on a new investment property. I'll have around 20k for a down payment. Where could I find help with funding and how much do you think I could get approved for? Thanks for ...