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I have notice that many (majority) banks don’t like to lend on a property less than 75k. If that’s the case what happens to those that try to purchase properties that are less than 75k? For example in markets like: De...
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Hello,
I am looking to buy my first property and employ a buy-and-hold strategy whereby I'll rent a single-family home to tenants (cash flow positive). I am looking at homes in the $70k-$90k range in Raleigh...
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First time landlord here. We just started advertising our rental 3 weeks ago. $1675/month for a 3 bedroom in Garfield NJ. We've gotten a lot of interest, 30 different groups of visitors, of those 8 applicants...We wan...
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Hello BP peeps!My husband and I closed on our first SFH in a B+ neighborhood at the end of June. After a couple of weekends of hard work to get it where we wanted, we listed the property on Zillow, Trulia, Hotpads, C...
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Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
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From reading BP articles and listening to BP podcasts, I’ve learned that hard money costs will be dependent on the project, not the individual’s income or credit score. Therefore, you won’t know how many points or wha...
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I am about to put my property up for rent and have a question about using a real estate agent vs. doing it myself.
When a tenant uses a real estate agent to find a rental house, what does the real estate agent use to...
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Hey everyone. Does anyone have experience with rents from Section 8 / Housing Choice Voucher tenants. The payment standards for my area that are posted seem to be high.People I know, say that a 3 bedroom house in our ...
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Copying and pasting here the message I sent to David Greene . Hoping to get some thoughts/ideas here that would help me resolve my dilemma on how/where to invest the $300k cash we have - Whether to buy a 2 bedroom ...
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Well so much for my grande idea. My rentals have been all bought with the heloc on my primary. Well now I’d like to put the equity of my free and clear properties to use. My big idea was to get helocs on those propert...