Larry Moore
FHA Short Sales
Hi, I am new to the forum. I am relatively new to short sales, having completed one so far with a conventional lender. I have been reading the new FHA guidelines for 2009 for the PFS program, and am somewhat unclear...
Caitlin B.
WNY - looking for words of wisdom for a newbie thrown into RE
Long story short, this year we refinanced our primary and paid cash for a little 2 bedroom fixer-upper for a family member who then passed away. So, decided to hold and enter the rental market. Recognizing the economi...
Rusty Scott
Tenant Income Requirements
Would anyone lease to someone if they didn't meet the 3x income requirement, if there were valid life reasons and expectation that a new job would easily put the tenant well beyond the minimum? And if so, what woul...
Sushil Sureka
Market Study for potential new build
We are looking at a deal to finance land at a very high LTV - the trade off is we get to participate at equal or better terms on profitability. We have done business with the potential partner and have high regards fo...
Matthew Dunn
Property Management - Small Multifamily FL
Dear BP Community,I’m scaling up into smaller commercial multifamily and currently have a fourplex in the Tampa Bay area. I am looking for a property management company that specializes in multifamily (4-30 units rang...
Michael Hill
Vacation property or no?
Saving for a rental property. Selfishly, I’d love to buy a condo in a vacation town near where I live. I love the town and want it for my family, but I’d like to rent it out as well. Many do this in this town. I’d say...
Islam Abdallah
Semi-Newbie in Atlanta, GA
Hello all,
My name is Islam and my partners and I are currently Buy-Fix-sell investors in the Atlanta, GA area. I actually joined BP a little before i got started investing last year with a different set of...
Hunter Beck
Financing Question & Interest Rate to Expect as New Investor
Hi BP!I am a beginning investor in the Bryan/College Station/Houston area. I reached out to 3-4 different lenders and received appraisals for interest rates and loans. I have two questions. 1. I am being quoted anywhe...
Reilly Barry
Diversify or Centralize rental investments
Question for buy and hold investors. Do you prefer to centralize your portfolio into one market that you know very well? Or do you like to diversify into several types of markets?
Derek Hacker
Rental Property - Paying more towards principal each month?
Hi Everyone,Looking for some advice on my first rental property. Property details:Loan Amount - $324,000Rent - $2900/MonthRevenue/yr after PITI - $7570The current mortgage amount is $1466 and I am paying an extra $24...