Im looking at my first investment property in Philadelphia and I have about $30k to play with. Im trying to decide if its better to buy one large MFH, putting down the entire $30k, or to purchase several properties. B...
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We want to ask a prospective tenant to pay a non refundable 'holding deposit' equal to one months rent to reserve an apartment in NJ until lease signing. deposit would be applied to first months rent. Need help with f...
Just started listening to BP a few weeks ago! And boy, these topics would of been extremely helpful last year when I bought my first triplex in a great part of town. BP would of saved me a lot of newbie mistakes!!! An...
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I've been told that when buying 3-4 units, about 3 months of cash reserves is expected for just in case things go wrong. But does the 203k also require this? Considering you won't be immediately moving into the proper...
Second Ques:
Does anyone know of a source that provides down payment assistance and knows of lenders that provides commercial financing. thanks
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It seems most lender requires 2-6 months reserve for your mortgages. How much do you actually keep in your reserve and where do you keep them? Money market and CDs do not pay much.
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Hi everyoneI've been a landlord now for almost 3 years. So far I've had pretty good experiences. I'm excited to be adding more doors to my portfolio outside state lines. What are your reservations when you are decidin...