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I just went to meet with a small local bank and they couldn't help me. I bought my first rental two months ago and have it rented. However, the lender adheres to Fannie Mae guidelines and can't justify the income of...
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I own a single family home that I am currently renting out. My father is on the mortgage and title. I plan to move into the property for at least two years and then sell. My father is letting me keep any and all gains...
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Today, I got a call from one of my tenants saying that he smells smoke in his apartment and he called the fire department. When I got there, the fire department located and extinguished the fire. It was at the base of...
I am new to the game and currently reside in Lancaster, CA, Los Angeles County. I am looking to begin fixing and flipping homes in my area. My biggest obstacle is finding money to give a down payment to receive a ha...
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Hi,I bought my first investment property many years ago and it has since tripled in value. I'm guessing I have about $700-800k in equity to play with. I've been looking at multi-unit investments and am wondering if I ...
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Hey everyone, Im Jon
Im very new to the real estate and I am looking to learn as much as I can. I reside in Elizabeth, NJ area. I am highly interested in house hacking my way into my first home.
Im a full-time const...
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Hi BP fam,First time poster long time lurker. I'm wondering if someone can advise on my situation. I tried reaching out to a CPA but they're either very busy because of tax season (understandably) or want to charge me...
A partner and I have a 4-unit resort style short term rental property, purchased for 430k, owe 323K on a 5 yr balloon at 4% with 37 months remaining. We looked at refinancing to a 10 year balloon at 4.5% but given the...
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Hello everyone, First time post here. I wanted to see if it made sense to do a cash-out refi to use the cash to purchase a rental property and purhaps using the BRRRR method. My current rate is 3.85 and now my lend...
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The obvious winner when it comes to financing a house hack seems to be an FHA loan. However, my friend and I are having a hard time qualifying for enough to get a duplex in our area with an FHA because my tip income d...