Hannah McBee
Multiple Applicants- One not Qualified
Hi,I'm creating my landlord documents and the BP template I received has a line that confuses me. Under Qualification Standards (such as 3x/rent income, US resident, etc), it says "At landlord’s discretion, compensati...
Paige Hutchinson
Any negatives to buying on a credit line and then doing a re-fi?
I have come across 2 duplexes and a triplex that we are interested in. I was thinking if we buy them on our credit line, then after 6-12 months (whatever the lender requires as ownership time), re-fi to remove from o...
Cherisse B.
Dealing with Squatters for Prospective Purchase
I'd like to make an offer on a property that appears to have an issue with squatters. I've never dealt with this before. Is it worth the hassle? If anyone's had to deal with this before, how did you handle it? Are the...
Nathan Gesner
Legal question concerning LLC name
I am preparing to set up another LLC. I came up with a name based on a Bible verse that has to do with financial wisdom. I searched my state and the name is available. However, I did a Google search and discovered the...
Cheri K Stephens
Frustrated newbie in Rochester NY
I have found a great investment. I have great credit. I cannot figure out how to get the property. Do I need to get an LLC? I don't have cash but I have A LOT of available credit- but if I take cash from credit to...
Amr Taweel
30 day notice first home in ohio
hi I just bought my first home FHA and just closed on it today. its a side by side multi family unit. there both occupied and I will be keeping one tenant and giving a 30 day notice to the other as they are both month...
April Sharp
Is Hard Money the same as paying "cash"?
I'm negotiating for a 8 plex and the seller asked if I was paying with cash or hard money. I will be paying with hard money but do I have to disclose that? Of course I will remove the loan contingency, but is hard mon...
William Weaver Jr
Quick Hanahan Purchase and Resale
Investment Info:
Single-family residence fix & flip investment in Hanahan.
Purchase price: $190,000
Cash invested: $33,780
Sale price: $251,000
Quick purchase and resale in Hanahan, SC. With ...
Matt Anderson
Tenant Handbook Help
Do any of you landlords out there provide a tenant handbook that outlines high level expectations for how to care for/maintain the property, how to get utilities turned on, how to deal with emergencies, etc.? Differen...
Kali Terry
Attic-conversion and triplex re-zoning
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Saint Paul.
Purchase price: $220,000
Cash invested: $4,000
Sale price: $240,000
Used FHA financing to house-hack duple...