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Hi - what is a competitive loan fee for a mortgage for an investment property? One person I'm working with says it's $1200 for underwriting and processing. I presume there's also a loan origination fee of 1.5% or so? ...
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I had a question about the screening process. Do people normally show a property before having the potential tenant fill out an application. I get that the tenant wants to see the property first before making a decisi...
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I just recently was financed for a home, and was looking for info on when I can get financed for another? One property I am going to reside in for the time being, the other I am going to use as a rental. Potentially a...
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What's up everybody!So I've noticed that there are wholesalers who are wholesaling properties that are foreclosed. I assume that they have a relationship with the Realtor that's handling the property for the bank and ...
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Hi guys, in the strategy I am currently pursuing I need to sell subordinate notes for residential investments, about 40% of the ARV of short term SFH rental properties.How would you suggest I go about the process?Are ...
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I have a very nice urban property up for rent. The clients that often apply to my city homes have POOR credit.. so I NEVER judge an applicant based on their credit score, I have removed that judgement from my process....
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I can't seem to find a concrete answer on this: If I have multiple applications that fill out a tenant profile can I choose which one I believe would possibly be the best tenant before processing that application fir...
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A few days ago I finally listed my first rental property on Airbnb as a MTR (due to Long Beach regulations regarding ADUs). Today someone made a reservation request for a month-long stay. She was initially fine with a...
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Do any of you have a standard letter you send to let applicants know that you haven't chosen them?
I had a very nice couple apply who had horrendous credit. So despite the fact that they were nice people, I'm not r...
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Hi Bigger Pockets,
My wife and I manage some university apartments and a triplex. We just took over the management for these family-owned properties and in the past, all of the lease agreements were physically signed...