Nina C.
HUD Eliminating Seller Financing for Non Owner Occupied homes
I received the email below from my local REIA. I assumed it may impact many BP members and thought I should share. As I am a new BP member, I'm still navigating the site and wasnt sure if this was the best place to po...
Torry Coleman
Selection 8 Atlanta
I'm looking at a duplex in Atlanta. One unit renting to section 8 for $1103 per month the other side $800 which is close to market rate.With the $1103 per month for both side the deal meet the 1% rule. However the dea...
Account Closed
Section 8 Tenant !!!!!!
I just purchased a townhome with a section 8 tenant in place. The housing authority pays $535 and she pays $190 for a total payment of $725. Prior to purchase, I reviewed the lease and all receipts. She has been on-ti...
Jill Herges
Does the 50% rule work?
I am just wondering if the 50% rule actually works? If I factor in actual expenses and use 10% each for repairs/maintenance, management, vacancy and Cap Ex that gives me 40% of rents right there. No way I can pay ta...
Ryan Zaninovich
How to handle this appraisal?
Hello everyone,We are doing a refi on 4 identical triplexes. The company hired two appraisers to do the valuations, two triplexes for each appraiser. The triplexes are located in a small, sort of, isolated community s...
Matt Hunt
poised @starting line/help
Hello everyone,
first off, thank you already for all of the information i have gathered w/out even posting on here(this is #1 of many im sure)
Im interested in purchasing a single family or townhome to rent in my a...
Herndon Davis
13 Rules to Vetting Private Money Lenders
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
Ethan Robert Millay
21 year old looking for advice on first Airbnb
I am looking to buy an start an airbnb in Louisville area. Any and all advice will help!
Joy Jones
Buying in my business, selling to myself?
Hello BP, wondering if it's legal to buy and flip a house with my LLC (cash), rehab, then turn around and buy the house retail (after rehabbed) in my personal name using FHA bank loan? I plan to live in the property. ...
Zack Robinson
FHA Primary Residence -- Possibly Relocating in Six Months
My wife and I are considering purchasing a four-plex with an FHA loan. We own no other property. However, we've tentatively discussed the possibility of going overseas to teach English for a year. If we decide ...