Alex Staunton
Loan for a 6 Family Rental Property? 15 year at 5.25%?
Hi, I'm currently under contract to purchase my first rental property, a 6 family in Asbury Park, NJ and I'm trying to secure a loan. Although I've looked (and made lots of offers), I didn't realize that it was a wh...
Pat Cook
Owner put home up for sale, what are my rights?
Long story, short. Five months ago, we signed a six month lease for a home. Owner said she might be interested in selling it later. We thought we might be interested in buying at the time. Had to move here fast, to...
Jane S.
Manipulators trying to be renters
here's a rant on the totally abysmal quality of fools trying to mnipulate me into renting my lovely SFR. I use the rental application form as a qualifier and when they can't seem to get it together to submit it (perha...
Lisa Gerard
filling out W9 form and receiving 1099 for SDIRA earnings
Through my SDIRA I've invested with a company that now is asking me to fill out a W9 form and will presumably then send me a 1099 for the earnings last year. I'm not sure if I should fill it out with my name and soci...
Jaquita Perkins
Negoiations and seller requests NOT to prorate rent
Hey Bp folks. I'm trying to negotiate my first deal on a mobile home park and have made offers and several counters, and now we are getting close, about 20k off on $270k deal, but now the seller lists to NOT prorate ...
Steven Torrez
How do you document your flip and rental cash flow?
Hello BP,For those of you that have deals under your belt, how do you document it?Do you have a folder with before and after pictures with a copy of all the contracts? Or do you just have a simple excel sheet with the...
Alex Smith
Banking and Book Keeping for Rentals
Hi guys!!!We are about 2.5 years in on our buy and hold RE journey and currently under contract on units 5 & 6!!! When we bought our first 2 units (a duplex) I opened a checking account and 2 savings accounts for ...
Jorge Ruiz
How do I secure my funds
Hello BP nation! So a while ago I posted that I had some cash and what to do with it. A few suggested that I lend it and/or provide them with bridge/gap funding. My question is how do I secure that and make sure I get...
Rodney Kuhl
SSI income doesn't meet 3x monthly rent criteria - still ok?
So I have 3 applicants (a brother and 2 sisters) who don't work but get SSI disability income. Rent for my property is $850/mo, and I am requiring 3x the monthly income, which is $2550/mo in income. Combining all 3...
Nicholas Lohr
Investing security deposits as Berkshire Hathaway does with float
As far as I have read this is a state-by-state law so I am ONLY talking about California here. On line D of chapter 49.2 it states that, “Nothing in this Chapter shall preclude a landlord from exercising his or her di...