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I hear many lenders require the borrower to pre sign a quit Claim deed when they fund the loan.. with the proviso if the loan goes 30 days delinquent that the lender will just file the QC and wipe out the borrower wi...
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I have a question as a new three family house owner. Previously, water heater issues arose so rarely in a single family house, but now it will come up more often so I need to learn.Is it best for me to buy the water...
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Hi BP family! Are there any investors whose primary source of income is 1099 or other contract work? If so, any tips on how to appear as stronger candidate for conventional loan? Especially if your income fluctuates m...
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The majority of our STR investors and vacation rental buyer clients ask or elect to close their acquisition in an LLC.
The primary determinant (beyond the tax implications) is whether the lender will underwrite and ...
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Does anybody have recommendations on the various alternatives to requiring a full security deposit?I know there is surety bond process and there a a few companies that appear to offer a service (Like Rhino)Furnished F...
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Hi! Couple questions about sheriff sales in PA. What are the terms of the “redemption period” of Montgomery county, PA? Can someone tell me if this is correct: if the owner redeems they have to pay the full bid price,...
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My lease states there are to be no alterations to the property without LL approval.If a tenant wants a big TV, couldn't they just put it on a TV stand?What do you do at move-out when a tenant has installed a wall-moun...
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Hello I'm new to the forums but have been listening to the podcast for a while now. I have one 4plex and it's been mostly a good experience but not finding decent property management has kept from attempting to buy my...
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Hi all!
Background:
I currently am a junior in college who is taking an internship opportunity this upcoming spring with an accounting firm in Dallas. I am currently living in a house in my college town my parents o...
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Need some advice! We found what looks to be a steal - a 2 bedroom new construction super low taxes in perfect location (we otherwise wouldn t be able to afford this location) right in center city philadelphia, only co...