Cameron G.
HELP ME - Big Decision to make
Hi everyone. My name is Cam, I am 24 and live in Nashville with my wife. Long story short, I am currently a law student [also getting MBA], but I have decided that a career as an attorney is not for me. I am going to ...
Brian Volland
Profit and Income Allocation w/ VA Loan
To start, I'm assuming a 4plex purchase price of $250,000, cash flow of $1k/month, an additional $1k/mo from personal income, and ~$14k starting funds. This would be the first purchase and bought using a VA loan @ 3.7...
Matt Thielke
First Time House Hacking-Financing Question
Hi,I own a condo that I’d like to rent out. I’d like to buy a 2nd property and use that as my primary residence and then rent out my condo. When I apply with a bank to get qualified for the 2nd property I know I’ll ne...
Mil Sanghvi
**JUST BOUGHT A 10 UNIT APARTMENT BUILDING NOW WHAT???
Hi BP,I JUST BOUGHT A 10 UNIT APARTMENT BUILDING!! NOW WHAT DO I DO TO TRANSITION??I am closing on my biggest property yet (10 units) on October 15th. I am uncertain as to the exact steps to follow when you transition...
Sarah Buchanan
Screening Tenants: Gross vs Net Income?
I have a married couple prospective tenants that look ideal; credit scores above 800, previous homeowners, etc. Rent is $2400/mo so I require $7200/mo income. Husband is currently unemployed (due to COVID) and wife m...
Rashmi Patel
Physician real estate investors
Hello,New to BP but have been lurking for the past several months. I am curious to know how many physician real estate investors are on the forum and if they can offer up their specific experience of getting into real...
Flora Granter
Tenant screening - need help
We got a tenant application for a 2006 single family house with monthly rent $1425. The applicant has a nice credit score of 702 and monthly income of $5000. Based on tenantsearch check, he has no criminal history a...
Steve Cook
Hedge Fund Watch: How are Funds Impacting your Market and Business?
With plans to spend billions on foreclosures and to convert single family rentals into a new asset class of securities, well-heeled hedge funds are creating both challenges and opportunities for the individual investo...
Mike Jennings
owner financing question
hi there,I'm about to get my first property under contract using owner financing by 10% down and all payments going towards principal for 20 years! My question is the previous owner still has the first lien on the hou...
Elizabeth Rose
HELOC - what to say when the lender asks what the money is for?
Hi BP community! I'm in the process of applying for a HELOC on my primary residence, which is a condo. My plan is to use the money to purchase a multifamily property, move into one of the units and rent the other unit...