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I currently have a property in a low income neighborhood. My last tenant decided to move out early without paying off the rent, damage the place, and leave all of their unwanted items behind. I plan to keep this prope...
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As of today (3/28/23) I have city approved and stamped plans with all permits paid but my financing has fallen apart, tryign to get this goingWhile I have history with rehab projects as well as buy and hold room renta...
My understanding is that DSCR appraisals are on the basis of market rent and property value based on comps. Do any DSCR lenders appraise on the basis of ACTUAL rent?I ask since a property we're purchasing is going to ...
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Do any of you do budgets and financial statements annualy with an annual meeting for your LLC's?
Am setting up an area specific LLC and will transfer a property into it. Looking for feedback on how far you go with sm...
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How do you know that the private lender is legit?
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Hello BP,
We are looking to do a cash out refi on one of our SFR's and reallocate that cash into a downpayment on an additional property. We are Fannie / Freddied out so we will be looking to move into the non-QM sp...
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I am screening a tenant but there are various red flags on the mysmartmove report. First is about a 20k credit card debt but also a 5 year probation for theft $20k. Do you or have you ever accepted a tenant with a ...
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Quick context for me: I'm 28 and purchased my first home (multifamily) in early 2021. The rehab of one unit was very costly, but I've ended up with a homerun with my interest rate and my current equity value. Since th...
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I am renting my property for the first time. Normally, what’s collected prior to moving in? Is it first month, last month, and a security deposit? I’m getting mixed advice. Some say just first and last month, with no ...
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Situation: Current tenant says board of health was called because department of child services was called from ex boyfriend who said my apartment is not safe for a child to live in.Results: I received a list in the ma...