Andy D.
Strategy question on cash-out refi for several properties
Hello BP world!Looking for some input on 2 aspects: let's assume I have 2 Condos held in my own name where I want to do a cash-out refi (conventional/conforming) to use that cash to buy more properties.Current cash fl...
William Taylor
On the fence about electrical service upgrade
Hey all!Closed on our first multi family a few weeks ago. We currently have each meter separated out, but has 100A service. The units have electric furnaces, electric water heater, no washer/dryers, and the range is g...
Geoff S.
Accredited Investor Guidelines
Can someone with experience in this area direct me to a source explaining what the current SEC guidelines are for being an accredited investor. I'm hearing/reading conflicting info and need to know where the SEC...
Brendan M.
Chicago Househacking - Impatient or concerning trends?
Hey all,I own two four flats (Albany and Kilbourn Park) that I've househacked and looking for a third. I was fortunate to do Homepossible (5% down) on those two but now I'm relegated to FHA and 3.5% down. I've been lo...
Christine Gardner
How long should a prospective tenant be working for current employer?
Hello,
I am in the process of declining a prospective tenant for a few reasons. Mainly, their income does not seem sufficient and they have only been with their employer for 4 months.
This brings me to the question...
Daniel Lehman
Applicant denial question
Do I need to tell every applicant why they're denied? Thus far I just tell applicants that don't get chosen something along the lines of "Thank you for applying, however, we have decided to move forward with a differe...
Joshua Koo
help with first real estate purchase
Hey guys Im sure this topic has been covered over and over again but I am having trouble finding a clear answer since I am very new to REI and have never purchased a home but would like to make my first purchase for a...
William Taylor
Business license vs contractor license
I’ve been in contact with a handyman who I’ve come to trust does good work, and we really click. I asked for his license information, and he sent a business license. I tried to look up his contractors license, but loo...
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Advice: Real Estate Investment Banking
I recently found this site and have made a few posts already. Often times the network of realtors I personally do business with find properties meeting my criteria. Generally that criteria consists of cap rate not bel...
Twana Rasoul
5% Down Conventional Loans for 2-4 unit Multifamily
Fannie Mae is coming out with new guidelines to allow 5% down payment on 2-4 unit multi-famiy (Owner-Occupied)...This is huge news at least for an area like San Diego where FHA (3.5% down) can't be used for 3 and 4 un...