Zehua Zhou
As the solo 401k Admin, can Fidelity's account be sufficient?
I set up the solo 401k and I am the admin and trustee. I opened Fidelity's non-prototype retirement account and funded it. If I directly hold rental properties under the 401k, and only use this account for operating a...
Brandon Bell
Multifamily FHA Self-Sufficiency Test Question
I am trying to close on a 4-unit multifamily property using FHA lending through Lender A. My W-2 income alone qualifies me for the purchase of the multifamily property. The Self-Sufficiency Test does not pass the requ...
Christopher Freeman
Accepting Rent Payments from Trust Fund
Good evening all!I have a rental applicant who does not currently work, and who wishes to pay for the rent out of a trust fund. His financial advisor reached out directly to explain that he can co-sign the lease and a...
Misty White
ACH Return Fee+ Late Fee in NC?
Hello, my tenant paid his rent on the 4th. He has a 5 day grace period before he is charged late fee. On the Rent Redi app, it states a ACH Return has been posted due to insufficient funds. As a landlord, do I charge ...
Antkizzy Lou
Renovations for free and clear investment property
We're seeking loan options to repair two free and clear properties we own. We spoke with a lender who wants to know the purchase date and price for the properties. Is there a reason why the lender would want to know t...
Bradley Johnson
FHA Loan Triplex/Fourplex
I was recently in escrow to purchase a fourplex via FHA but fell out because the property didn't meet the self sufficiency ratio. The underwriter calculated the self sufficiency ratio by taking 85% of the gross income...
Steve Balinski
Very disappointed in BP RE: house hacking 3-4 unit
For the last few months, i've been VERY eager to start my vision of becoming financially free through the house hacking method. I've listed to MANY BP podcasts explaining how people buy a duplex or 3-4 unit property ...
Nick Gray
Maintaining Responsible Capital Reserves
I'm a 26 year-old real estate investor from New Hampshire and, as I grow my current 22-unit multi-family portfolio, I need to ensure that I maintain sufficient capital reserve funds. Under usual economic conditions, h...
Vusa Dube
Making an Offer Using Private Money
If I am planning on using hard money or private money to fund the deal, how should the offer be written up? Is this written up as a cash offer or an offer with a contingency that needs to be put in specifically for ob...
Jerry Padilla
Don't accept checks from renters!
in my experience of accepting checks half the time they seem to bounce. Not only do I not recieve my rent I get charged a bounced check fee.