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Hi BP community :I am making an offer on a duplex in Palm Beach county that was recently rehabbed and turned into a duplex. It was used for commercial purposes previously. As such, this property has never been rente...
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I recently had a nasty lender experience. I had been pre-approved for a loan, everything was golden, I'm a low risk loan and had low DTI. Nothing changed since being approved and going through the entire loan process,...
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For three months now, tenants are saying they cant pay rent due to being laid off from their jobs and they are barely surviving. They said they have sought help from their church but they only received assistance to p...
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Hi, I appreciate any time you spend looking at this deal I'm evaluating!My wife and I are looking to get into our first deal as a house hack. We're looking at a house that's bigger than we intended, but the numbers se...
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I have good credit and can obtain a mortgage for the first 80%, for the remaining 20% I'm a bit perplexed. I own a leasehold one bedroom, one den condo that's harder to finance than a typical freehold. Once I finally ...
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I am close to closing on my first property. I have talked to several (probably 15 or more) lenders. I have several options, including cash, to purchase my first property. My CPA is advising me to close everything poss...
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Good Day BP, I need a second opinion. Would it be logical from me to borrow money from my 401K to purchase a home whether for myself or for rental purposes? Can this be done? Are there any other strategies you'd sugg...
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l have some real estate interests by sheer accident. I never sold a house I lived in, but instead rented it out, this is due to 2 divorces. I am now ready to marry again and with my new wife comes, $1.6mm in various r...
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Hi everyone! My name is Ken and I’ve been listening to the BP podcasts for close to 8 months now. Just started coming on the forums and wanted to introduce myself. I currently own the condo I’m in right now, and I’...
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While setting up a preventive maintenance appointment in early March, the tenant calls me and says 'my sister has been living there and paying rent. I moved out.' She asked if her so called sister can take over when t...