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Risk of Being Over Leveraged With VA Loan?
Hello, I am stationed in Southern California and looking to buy a house hack here for my first investment property. However, in this area, even a small duplex can come with a 7 figure price tag. Obviously it is very a...
David Bardwell
Coin-operated laundry ROI in a 4-plex
I’m considering purchasing coin-operated washer and dry for a 4plex. I’ve already determined the cost of the equipment itself. And I’ll price it better than the local laundromats. But I’m hoping someone can give me s...
Brandon Gall
Issues obtaining Conventional loan due to unique job
Hey, BP community, I am running into issues trying to obtain a conventional loan for a duplex. I currently own two duplexes and one single family in the area that cash flow well. I am an overseas government contractor...
Kip Werking
High debt, cash strapped owner of nice SFH, looking to house hack
I'm attorney in SLC. I'm current in a high debt scenario, and I am getting onto my feet financially after a two month medical leave of absence.I have a SFH in Sandy (suburb) worth $620k (bought $475k), and my whole fa...
Jonathan H.
Boarding House - Lease Example? ---- College Student Sreening Process
My partner and I recently acquired a property very close to a local college and were wondering if anyone had an example lease agreement for a boarding room style house (on a room by room basis)?
Also, any tip...
Jackson Tate
Pay down to 80% LTV or pay off 'bad debt'?
Hey BP,I'm currently in the process of selling my primary residence and purchasing a new home closer into town. As of now, I'm using the proceeds from selling my home to put down 10% on the new home.Additionally, I ha...
Nik S.
When is it best to close a deal?
Hello everyone! I'm going to close on an apartment complex(s) tentatively on the 31st of this month. Considering rents are due on the 1st of the month, is there foreseeable problems by closing on the last day of the m...
Tom Kelly
Using a false LLC to buy and flip properties
Earlier this year I almost entered into an LLC with partners. A tax ID was established, an LLC was established in Florida and that was it. The partners could not agree on terms. I never signed a document nor invested...
Wade Mcmahan
Just got a bite
So we just did our first absentee owners direct mail marketing and we got a text from someone today from North Carolina. We are located in New Mexico. We scheduled a time to discuss everything this evening and honestl...
Paul Stern
Midwest multi-family buy and hold
Hi everyone, I am new to the site. I have been reading posts for the past month and thought it was time to say hello. I bought my first investment property last June, then I found this site...timing might not be my be...