Lim Kian hong
Walking away from a motivated seller?
Hi all, i just started out and have gotten some leads and one of the sellers seems really motivated (really nervous for the first call). However the property is in a location where there is not a lot of buyers and pop...
Charlie Gruber
When is a property "officially" reserved for tenant?
I have prospective tenant who has signed a lease but hasn't sent deposit yet. I made the mistake of also signing lease and sending back to them before getting deposit (won't make this mistake again!)I now have someon...
Ethan S.
How do VA loans work with investment properties?
How exactly do VA loans work? I'm a little familiar with how VA loan work. VA Guarantees loans for veterans.Provides guarantee to the lenders for the loan.PMI insurance is not required.The max entitlement is $104,250...
Eric Wilkins
I need an option list for funding ideas??
I am about to be a first time investor into a rental property.The numbers all look great but I am needing the downpayment. From what I have researched, my best option and plan is as follows...Plan 1. Go to a LOCAL ban...
Michael Davis
AirBnb probable rental rates
So, I saw a video about renting rooms, apts, etc to rerent on AirBnb. I understand how it works, but I am having a problem knowing how much to rent a property for. I have to make sure that a property will rent for m...
Shiv Jey
I need a new market!
I'm searching for my next market foray. Tips? I've been doing mostly small multifamilies. Target acquisition price <200k mostly for duplexes, couple fourplexes. Here's my experience so far, in no particular ord...
Ariel Lee
Need advice to get started as a wholesaler in California
Hello BPMy name is Ariel and I'm new to BP forums. I am 29 years old, a TOTAL newbie on REI, never bought a house nor invested in one, and I work full time as a chef.I'm here to seek advice from experienced investors ...
Garrett Masiulis
First deal under contract! Thoughts?!?
4 Plex, 3686 sq ftPurchase 270kRents $700/unit ($2,800/mo)Repairs = $0 (Advertised as turnkey) Will negotiate after inspected if neededPITI = $1,475Vacancy = $140 (5%)Repairs = $140 (5%)Capex = $140 (5%)Management = $...
Nicholas Zornek
House Hacking and Conventional Financing
I'm considering buying and house hacking a duplex . I have no experience with conventional financing. I know typically a duplex is more expensive then single family homes.My question is, is it easier to get conventio...
Jonathan Dempsey
Instances worthy of Prorated Rent
Hello BP Community,
I have an interesting scenario to throw at you.
A tenant moved in on the 28th of April, and there was an issue with the HVAC system.
The lease did not start until April 30 at noon (I let the...