Marcus Whitmore
Fourplex Owner Occupant
I have been browsing for awhile and reading. About to jump on my first home as an owner/occupant. The property is currently fully rented. I'm eligible to use a TX VA loan which has a current rate of 3.5%, Zero Down...
Account Closed
Does raising the rent on a SFH raise the value?
Let's say a Single Family Home was bought for $100k and rents for $1000 (GMR = 100)a month. If I am able to get $1,200 a month, wouldn't that raise the value of the home to $120k , using the same multiplier?I have hea...
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...
Zach Click
Chicago multi family owner occupied loan options
Hi All!As a first time home buyer, my wife and I are looking to househack our first property with either a duplex or triplex type building in the Chicagoland area. Given the cost of property here and the FHA loan limi...
Dominic Franco
Should I screen inherited tenants?
Good evening BP family!I recently just closed on my first deal, a duplex with tenants occupied on both sides. I am preparing a new lease agreement as one is up and at the end of the month and the other is on M2M. Look...
Daniel H.
Mortgage Principal
Noticed that the principal portion of my mortgage payment went DOWN from Feb to Mar. Looked back over the last year and it kind of jumps around, not always continuously increasing. Called the bank, they said it was ...
Jason Campbell
Can I raise rent that has been to low for a long time. Canton, OH
I have a friend that owns a number of single family homes she rents very cheap. My friend is going through a divorce and has asked me to help manage her properties. The first thing I noticed is that she is renting her...
Nick Miller
What do you do to minimize tenant turnover?
When buying a property I always calculate 10-15% for delinquency and vacancies. With my portfolio this is a conservative average however I have a fourplex with small one bedroom units that seems to take a long tim...
Monica Soyemi
CHICAGO DSCR LENDER NEEDED ASAP
So I purchased a property a few months ago through a wholesaler, a Hard Money Lender actually blasted out the deal to investors across the country and I was able to get the deal. I just completed the rehab a couple of...
Nate Mao
Contractor insurance/bond , workman comp questoin.
I try to hire a general contractor which claimed have all required insurance and bond.
I am a little concerned do to I see the bond amount only $10,000. and his insurance is a businessowners policy and looks like he ...