Mormon Redd
Analyzing a Deal for Profitability
I am trying to get in to multi-family apartment investing (5+ units) and have been searching for a property that I could reposition. In a training program I did I was taught to estimate costs at 50% of gross income wh...
Evangeline O'Dowd
Should I sell my current rentals and invest elsewhere?
My current residential rentals have increased a lot in value. If I bought a similar property in my area for today’s price, it would never pass the 1% rule. So I’m wondering if I should sell some or all of these, do a...
Sandy Reddy
Sheriff sale
Hi,For the first time I am planning to buy a property in sheriff sale in NJ. . The property is in good shape. Now, i spoke to a mortgage broker if he can help me to close in 30 days. As per the sheriff sale instructio...
Alexis Marie
New Landlord Advice
I'll become a first time landlord in the next few months and asking for tips & advice. Does anyone have samples of good detailed rental agreements and applications, particularly in the state of Oklaoma? Should I h...
Anvesh Reddy
I want to buy a home in one month
We moved to Charlotte 6months ago and started looking for a home but didn't find any home that we liked.We didn't want to extend our lease as we know that our money is not building any equity.Instead, we are thinking ...
Mallikarjun Reddy Pateel
Tenant Replacement fee?
How do you incorporate tenant Replacement fee in underwriting? PMC typically charge one month's rent. do you put down one months rent as concession for every unit?
Jai Reddy
Commercial Mortgage Brokers in Oklahoma?
Any mortgage brokers for Oklahoma on BP?
I am looking for a refinance and am hoping for better terms than my bank/credit union.I've received a couple suggestions when I posted in another forum, which I will follow up...
Swetha Reddy
Rent out condo or sell
Hi all, we bought a condo in may 2019 for 2,30,000. Currently paying mortgage 1200/m ,hoa 205, taxes 800/month. Can rent it out for 1800/m. Moving to different state have to give it to property management, theywill ch...
Vijay Reddy
Indiana Realities
This is Vijay Reddy from Fishers In. I'm interested to start discussions in INDIANA area. Please PM me in the following areas in Indiana. 1) Investor-friendly and reliable agents, 2) Wholesalers 3) Contracto...
Koti Reddy
Any CA lender suggestions who include future rental income in DTI
When buying a new primary house with plans to convert the current primary house to rental, does the potential rental income from old house considered for calculating Debt to Income ratio? Friend looking for lender su...