Jeff Thompson
How qualifying for many loans works?
Hi,
I'm looking for an idea of what kind of financing I can get. I'm looking to quit my job in about 6 months, so need to make my purchases one after another until I'm tapped out because after that loans won't be an...
N/A N/A
best approach for acquiring rentals
If a new investor has around 300k to begin acquiring rentals, would it be wise to buy the first property ALL cash, and then draw on a LOC from that first property to buy the second ALL cash. Or just begin to purchase...
Chelsea Price
Invest in my own backyard or another state?
Hi! New to this site as well as investing. I recently inherited $200,000 cash and thinking about investing in a STR. I live 24 minutes from the White House and within a 3 hour radius from many viable tourist area opti...
Tomo Iikubo
Evicting Tenant with Medical issues - Feel like a grinch
I am having to evict a tenant for the first time, and wanted to get some perspective / opinions. Tenant had an ongoing trend of late payments, etc., which I let slide for the first few months. October check bounced,...
Tomasz Banas
Bank's unethical techniques - what to do?
I got one condo under contract (buy & hold). After receiving the condo questionnaire I found this condo is a non-warrantable. I was able to find a local bank by searching for properties that closed in the same com...
Brian Nordman
Is Whole Life Insurance a smart investment to diversify?
Alright, so I've done some research into Whole Life Insurance and I think it has some awesome benefits. In my research though it seems to be pretty equal between the people who strongly advise against it and for it. O...
Kimberly Arington
Finding Private Lender
Hello everyone, I have to start somewhere. I have a duplex that was passed down to me from my dad. I have that up and going, now Im interested into buying a multifamily unit. I've attended REIA events and other meetup...
Mark Belenky
What to do with new tenant who submits rent past agreed due date?
I have a new tenant of two months and as of now has submitted rent payment past the due date of the 1st of the month but, prior to the official "late date" of the 5th. We're definitely not off to a good start but, I ...
Ryan B.
Do you let tenants know where you live?
I want to start off by saying that I do not wear a tinfoil hat and think that everyone is watching me, but I do have a stay at home wife with two small children so their safety is important.
With that in mind, do y...
Vikram C.
Multiple choice counter offers?
I have had a couple of bad experiences with appraisals coming in very low with certain lenders and have taken the suggestion of some BP members to try to convince buyers to use my lender.
I have offered a variety o...