Brandon Harris
Dealing with a Partner
Hello BP!Myself and a good friend of mine are new to the Seattle, WA area and are looking to team up and acquire our first property. As we are both new to REI and are both interested, we felt like it would be best to ...
Christopher Davis
First prequalification declined, trying to assess
I just had my first prequalify application declined. As I have learned, it is routine to approach numerous lenders until you get the yes, so I almost expected this. Just trying to assess. The lender was very polite an...
Dorraine S.
Tenant's Ratio of Rent to Income?
What should the percentage of the tenant's rent be to their income? Not sure if I even know how to ask the question properly. Sorry. I want to make sure the tenant can afford the rent. Should the tenant's rent be ...
Hamad Khan
Which flooring for uneven floors?
Folks, i am planning on renovating a 6 plex (all 2 bed units) and i see floors are little uneven. Which flooring would you recommend for bedrooms, kitchen and washrooms and hallways?
Much appreciated
Dominick Tanella
Single to Multi-Family Conversion?
Hi,
A house in an A neighborhood recently went on the market in my area that has two separate units with separate utilities. The house is unfortunately zoned as a single family. The lender says he can’t legally lend ...
Frank S.
New Gas Service in Chicago
Howdy, Is it possible to sub-meter the gas within a SFH rental unit in Chicago. Let's assume I need a second gas meter for laundry or hot water. Is that allowed? How much would that cost?Thanks, Frank
Robert Villanueva
NO DEED OR PLAT WITH DIMENSION OF THE LOT
So I'm in the process of buying a foreclosure property in Texas which the plan is to tear down the distressed house on the lot and build something new. So I requested to get a survey done before we close on the proper...
Greg Soon
Want to grt EMD back due to zoning issues
Hi all, I won an online auction for a 3 building 7 units on a 5 acre lot that was under a single tax ID. I thought this is legal so I bid 9n it and paid deposit (10%). When looking for financing my lender told me the ...
Eric Killian
Creative Financing Strategy - Am I missing sometihng?
Trying to learn more about the HELOC strategy but might be missing something. Say I use a HELOC on primary residence to purchase a rental investment property all in cash so the equity is 100% in the investment propert...
Travis Hatch
First property! Denver House Hack
Investment Info:
Single-family residence buy & hold investment in Denver.
Purchase price: $405,000
Cash invested: $15,150
My first property, doing a single family house hack. 3 bedrooms upstai...