Eileen L.
Selling primary residence to buy rentals
Just looking for advice on an idea.I have my primary residence in CA (conventional loan @2.875% - approx. $180k+ equity). I’m closing this week on my second rental property (both conventional) in St. Louis. I am eligi...
Account Closed
Have to FIND TENANT & LEASE before closing my DUPLEX?? First Time Buyer
I am about to put an offer in for a duplex in Austin and my lender informed me that I would have to have a rental lease agreement showing the arrangement is in place for at least $1700 rent for my tenant (because I am...
Michael H.
Buying another primary residence after 8 months
Hi all,
I purchased a duplex 8 months ago with 5% down primary resident conventional financing. Property is in Dallas. Purchase price was $500k. I rent one side and intend to rent my side when I move out.
Today, I ...
Chelsea Allen
LLC formation and loan
Hi there. I am currently doing my homework on how to obtain a loan under an LLC for an investment property that I would like to buy and rent out in north Florida. Any suggestions on specific banks that may be more apt...
Andy Mirza
No Tsunami of Foreclosures this Time
At the beginning of the pandemic, I remember seeing a lot of posts from people regarding an upcoming "tsunami" of foreclosures. Better be ready to take advantage of this opportunity!I had my doubts back then but, the ...
Brandt Welch
How to Finance My Second Property
Hello BP community!I recently purchased my first home about 8 months ago and I'm looking to buy another in the area to rent out. I had a conversation with a lender this morning and he mentioned that the underwriter fo...
Lisa Moon
Is this the new "normal"? Incredibly onerous underwriting for a rental...
I was a mortgage loan officer and an escrow officer 20-odd years ago, before the landscape shifted. I know the drill about proper documentation, etc. But the process I"m in now seems just ridiculous.Hubby and I are ...
Corey Demuth
quick question about tax deed sales - not sure what these numbers mean?
I am looking at some listings for tax deed sales. here is what i see in one of them:
"
Judgement Date
09/17/2009
Order Issue Date
10/29/2009
Case Style
COUNTY, ET AL VS NAME, ET AL
Legal Desc.
LT 7 BLK 3 LIBERTY...
Michael Alexander
Exploring Lending Options for Short-Term Rental Owners Based on Booking Revenue
Short-term rentals have become a lucrative venture for many property owners, offering a flexible income stream. However, accessing traditional loans can be challenging, especially if personal credit history isn’t favo...
Hugo G.
Section 8
I am rehabbing a 2 bedroom 1 bathroom single family residence in Sacramento. What are your experiences in government subsidized housing (section8)? None of our other properties are section 8 but we are thing about it...