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We are using FHA to house hack. We found a duplex near Oak Ridge TN and of course could not get the seller to tell tenants to leave! Figured we'll do it ourselves, one is month to month, the other's lease ends in May/...
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Hey Folks,I've been a long time lurker here on BP and happy to share details on potentially my first Buy and Hold property. Really excited to get your feedback on this deal. Thanks in advance!Quick background:My paren...
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The next stage for our company is to utilize the BRRRR method. The question I have is around the re-finance part. When putting permanent financing on the property the bank is going to look at our credit/personal DTI...
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Has anyone had experience with bankruptcy? My husband and I are considering it after meeting with a debt management counselor that recommended it. We are trying to do everything possible to prevent this option, but th...
Hi,Recently I had to break my apartment lease due to personal reasons. I had given 30-day notice that was acknowledged by landlord and luckily they were able to re-rent the unit RIGHT AWAY. However, recently I receive...
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So I am in the early stages of applying for my first commercial loan. I just got a 5 unit multi family under contract yesterday, and I want to make sure I take the best steps in order to give myself the best chance o...
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In an effort to stimulate repairs and sales in neighborhoods hard hit by the housing crisis and recession, the FHA waived its standard prohibition against financing short-term house flips. Before the policy change, if...
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My tenant potentially could be getting a dog that my insurance will not allow as an emotional support animal. Will I need to change insurances? What are my options?
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I have a rental with significant equity. Have idle funds that I am debating using to pay off the mortgage on the rental property. Any thoughts on the pros and cons. Property cash flows as is.
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I’m just starting out and wondering if I can put the property I’m interested in buying into an LLC. Its a multifamily apartment with 3 doors, and I would have to take out a mortgage after putting down 20%. The reason ...