Adam Widder
Career change research
BP, I'll be switching careers in about 20 months. If you work in any the following areas please reply and maybe we can chat! Background information, we're transitioning out of the military and moving back to the Minn...
Steven Mitchell
bought from a wholesaler, question
we gave 5k earnest money, agreed to 82.5k and at most 2.4k miscellaneous and closing costs. HUD gets to us and its an additional 3.9k. We call them on it and they say they incurred more costs than normal in acquirin...
Maxim K.
Lease agreement adjustments
Hello BP members.I’m in the process of gathering all the document for lease agreement.My applicant has a small service dog and I can’t charge any extra monthly fee for it . But I can collect security deposit of $500, ...
Chris Hill
snowball or equal overpayments?
i've been searching calcaluators everywhere, but im sure someone would know the answer here sooner...situation: i have 3 properties i would like to pay off, each at 4.75% with about 70k remaining on each loan. my ot...
Chris Lombardi
FHA Mortgage Insurance
I'd like to purchase a multi family place, live in one of the units, and put less than the conventional 25% as a down payment using an FHA mortgage.I know this would require an extra 0.85% on my interest rate as MIP, ...
Codi Clausen
Buying Homes with Basements
I am looking into buying single family homes and came across a property that I would like to move forward with, but comes with a basement. Does anyone have thoughts on buying properties with basements? Are they more t...
Ryan D
Truth in Equity - HELOCs
Does anyone have experience using a HELOC to pay off a mortgage early? I just bought my first property and had never heard of such a concept until I was recently listening to the Real Estate Guys Podcast. I've been li...
Mike Lee
Conventional Financing questions
Okay I went today to the bank just to get an idea what I may borrow. I mentioned to the loan officer that it will be NON owner occupied. I told her my intentions of buying a duplex or SFR and renting out. I was tol...
Ashley LaVigne
Rents in a Rural Market
My partner and I just bought our first multifamily in Grand Rapids, MI. We plan to buy more in the future and build our real estate business there. That said, I have a house that I bought and remodeled a few years bac...
Bienes Raices
Shower, but no tub
Is this a potential problem for a rental? The house is a 3/1 and since I assume many of the applicants would have small children I don't know if it would be a turn off to people that there isn't a tub.