Brian Fitzpatrick
What documentation do you have for collecting rent?
What kind of paper trail do you maintain when collecting rent? I collect rent monthly through Venmo but never give the tenants an invoice or a paid statement. Is collecting electronically enough if there were ever any...
Isaac Frost
My Contractor/Investor Relationship - Opinions?
So I'm in the planning stages of a full rehab in Portland, OR. I'd like to describe the agreement that I came up with for what I believe is an equitable split for the proceeds and see what some more experienced rehab...
AJ Wong
How to finance multifamily 5-8 units without income: Common terms and guidelines
Certain property types can be more difficult to finance than others, one of the more difficult to secure financing for is multi family or mixed use properties above four residential units. We've seen a very strong upt...
Ayodeji Kuponiyi
Techniques to Quickly Analyze 2-4 Units
Time is valuable. I don't have time to analyze every single multi-family properties. Its time consuming and frustrating especially when potential opportunities are lost. With that said there must be a swift way to ana...
Jose Rocha
Purchasing a cabin as a STR
Hey everyone! My wife and I are planning to purchase a cabin in Big Bear, CA and use it as a STR on Airbnb and a vacation home. Would it be smart to use the extra cash flow after paying the mortgage to go to the princ...
Omar Johnson
Loss Mitigation Alternatives
With historically high rates of default on home mortgages lenders are facing many more foreclosures than they have in the past. This allows for short sale investors and pre-foreclosure specialists to thrive in the cur...
Sean Dawson
HELOC vs Cash Out Financing For First Time Investor
I am a first time investor looking to use the BRRRR method out of state. I have 100% equity in my home to the tune of about $450k. Should I do a HELOC to purchase my first investment property or should I look to take ...
Kenny Breeze
Seller Financing Vacant Land Help
My partner and I are looking to seller financing a piece of vacant undeveloped land in Colorado. This is our first vacant land seller finance, so we have a couple of questions.
My questions are:1. Do we need to use a...
Debra Lane
15yr mortgage vs. 30yr mortgage with a 1.5% interest difference
I'm in negotiations to purchase a duplex as an investment. Would it be better to finance the property for 15 yrs at 2.75% or for 30 yrs at 4.25%? The loan will be around 75K. I wouldn't normally consider the 15 yr, bu...
Haley Jang
Loan option comparison as a first time house hacker
Hello BP, I'm currently shopping around mortgage loan for my first house hacking purchase.Currently I have couple options for mortgage program from a few lenders and I'd like to hear advice from you to choose the best...