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I hear a lot of landlords on here talk about tenants needing to make 3x the rent to qualify. Is this rule still a reasonable expectation in lower income areas?
About the unit I'm renting: I think I can get 10...
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I would love to hear from the BP community what they believe are best practices of being a landlord? We are in the process of updating our documentation and procedures, and I want to make sure we are not missing anyth...
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Hey BP!I've had some challenges the past few months in search of my next property. I'm looking for an owner occupy multi family. I've now lost to cash each time all while being as aggressive as I can be that still mak...
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Hello BP community,I am looking to complete my first deal within the next 3 months in the Saint Paul, MN area. I have found a few properties I would like to purchase to buy-and-hold. I have my eyes on two duplexes and...
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Hi Guys,My business partner and I are looking to take advantage of the low money down option of using an FHA loan to purchase a 2-4 unit property in the Pittsburg area. I would be the owner occupied resident that has ...
I'm a landlord of a multi-unit property and all of my leases are between myself and the tenants. However, im moving out of state soon and have a friend willing to take care of rent collection, evictions, and everythin...
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I can't decide whether it's worth it to immediately do a Delayed Financing cash-out upon completion of rehab, or whether to wait 6 months and do a regular, cash-out refi. If I'm reading the eligibility matrix correctl...
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Hi everyone!
We bought the BP’s tenant application for Ohio and we’ve run across a couple of questions regarding whether or not we should refund the $40 application fee. First question, why do the documents say the ...
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Hello all!2019 is an exciting year so far! I hope you all are crushing it! One of my goals this year is to try my hand at wholesaling. I have a good network of both buy and hold investors as well as flippers, so I fig...
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Hello all:I just finished rehabbing one side of a duplex and have two great tenant candidates.OPTION A: Will pay $1,250 and has no pets. 2 adults and 2 young kids. Great all around.OPTION B: Will pay $1,250 + $75/mo...