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All, I have 7 townhouses all on commercial loans. 4 are on one loan and I have been paying this for 3 years. It is fixed for 5 at 5% years amortized for 20, and then can be variable. My loan officer said we can ju...
We just bought a home in Mantachie using a VA loan. The home we bought is a 4 bed/ 3 bath, 2557 sq ft, on an acre. We just discovered that we have no septic tank and our sewage is running out on the neighbors property...
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Hello, I am thinking of getting equity out of a paid-for rental and use it as a downpayment for another rental. Someone told me that when you do not use the loan to buy, improve the property you borrowed money from, ...
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Hi hopefully this is the correct area to post this but I have a scenario I'd like suggestions on how I can acquire it as non owner occupied. I currently house hack a duplex and need to live in it for 5 more months per...
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Hi there everyone,I recently sold my business a few month back and I am currently looking to purchase another couple properties. Ideally I would like to purchase my first commercial property and also another residenti...
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I showed a rental today to a possible tenant, who for all intents and purposes, checked all the boxes, they agreed to sign a 12 month lease @$1000 a month and pay $1000 security deposit. Non smoker, no pets, makes 70K...
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We have always taken a non refundable pet fee, varying between 200-300 bucks. But I've talked to fellow landlords in the area and they mostly add additional rent for pets, between 25-50 bucks a month. Which do you ...
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I have a seller that owes too much on his loan for a SFR-rental (in Chicago, IL) that brings in $1500 monthly via Section 8. The problem is he bought in the RE boom in 2008 and owes too much. He does however have a 40...
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Hello BP Community. I have enjoyed this site for months and this is my first post. I have a house in my LLC that was paid cash. I have owned it for 8 months and the listing just expired with no sale. I was contact...
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Hi, My name is Daniel, I am very eager to learn about my options when it comes to buying a multi-family rental property with an FHA backed loan. I pretty much get the gist of it but I would liken to know more specific...