Justin Knighten
Debt to income ratio won't allow us to qualify for conventional.
Greetings,My wife and I purchased our first rental this spring with conventional financing. It's occupied and doing fine. I've talked to our mortgage broker about securing a loan for a second property, and according...
Kevin Phu
VA loan exit strategy
I'm trying to learn the best way to exit out of my VA loan. I currently have a VA loan on a 4br/2ba SFR that I am house hacking.
For the past year I have been renting out two bedrooms which covers more than half of m...
Matt Holt
Legal Structure for Rental Properties
I have been doing a lot of research on how to legally structure my properties. I currently have a SFH and a duplex located in Ohio. My SFH used to be the house I lived in so that is still in my name. The duplex I boug...
Imran Patel
I need to increase rent by about 50% !!
Hi All,I am looking to raise my rent by a significant amount and need some feedback from the community.Here's the situation:This is my first investment. I bought it in Jan 2016, a 2bdrm/1bath condo in Chicago's north...
Account Closed
New guy - Northeast PA
Hello BPers,Thanks to all of the contributors here. I found BP yesterday and I must say that it's impressive to see some of the success stories that I've come across in the many posts I've spent reading in the past 24...
Aaron Bellerose
Landlording with Alzheimer's
Hello all,I have a unique situation.I have been renting from the landlord for 5 plus years now and the reason I have not purchased my own place is simply my landlord is very elderly and knows he can rely on me to take...
Luke S.
Selling after appreciation.
We bought a 40 unit complex in 2012. This was the first purchase for our family. We have now added significantly to NOI for the property. Reinvested significant amounts of capital to clean up units/property/etc... I n...
Devlin Harding
Benefits of a Recourse Loan
Are there any benefits of Recourse Loans? Or are non-Recourse loans always a better decision? Specifically for large apartment building purchases.
Craig Kleffman
KLEFFMAN - New Member from Los Angeles (Reseda-SFV)
HelloWorld. Wanted to say hello. I'm excited to be here and ready to start learning and taking action. I have an action plan for what I want to do. Here's a few line summary: 1) I want to buy and flip a house in ...
Nick Stango
Should I expect to cash flow when using a 15 year mortgage?
I want to buy a duplex but went to use a 15 year mortgage but it's hard to cash flow with a 15 year mortgage. Should I just be ok with the equity growth?