Michael Nahm
Potential tenant is a smoker
Once more, seeking wisdom on BP.I have a potential tenant who has great credit and all looks well, however, he is a smoker.I realize that I can’t control everything, and to each his own, and he didn’t have to be hones...
Jack B.
Having second thoughts about four plex under contract
King County, WA. 550K purchase price. Only comp available as well as brokers report shows one similar four unit selling for 50K less. Tenants seem decent but low end. Deal seems to cash flow less and less the more I l...
Milton Rivera
Determining Leverage Levels
Hello BP,I was wondering how do you evaluate/determine your comfort level with regards to leverage. Typical SFH lender guidelines allow for (75-80%) leverage on properties and consider your debt to income ratio. Por...
Michael Osborne
Financing Options Using Equity
I currently own a rental property that is worth about $65k that is fully paid off. I would like to purchase another one for about $60k. I have $30k to put down and would like to use the equity in my current rental to ...
Mike X.
Landlord insurance in Broward/Dade county in Florida
Here is my situation - I own a 1 BDRM condo in a 10 stories building on 6th floor, the condo is under home owner association (HOA). The apprised price on my unit is app 140k, I'm planning to rent it out in a next mont...
Atanas Krastev
Anybody invested in a performing non owner occupied note?
Hi Bigger Pockets ! I have a question about a note I am considering buying:
So it is a performing note for about $55000 located in Dallas, TX with a 10% interest and 45% LTV. No liens whatsoever. The only issue is th...
Sal Mazzone
Scared, Excited, and Ready!
Hi everyone,My name is Sal and I'm currently living in Westchester, NY (about 25 miles north of manhattan). I'm primarily looking to get into cashflow properties. I currently own two properties, one of which is bein...
Account Closed
Adding Son to My Mortgage
I currently own a rental home that still has about $60k on the mortgage (off $100k) value; I'd like to add my son's name to the mortgage so that he might be able to use some of the equity on a payment for his own home...
Peter Thirawankanok
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
John Reid
Should this money be taxed in an owner-financing deal?
I'm not sure if taxes will be owed on this amount of money or not. Here is some background. I work with 3 partners. Our LLC worked out an owner-financing deal with an out of state homeowner for a local property. W...