Anthony Torres
BRRR - Really a viable investment?
I have been running the numbers of an example BRRR to help get my head around this investment strategy and there are a few things I am confused about.Here's a theoretical deal:(ARV * 70%) - Rehab costs = Purchase pric...
Marvin Long
reporting to credit bureau
I have a tenant who would like me to report rent payments to credit bureau..is this possible???does it cost me to do such ???
Justin Denham
Mobile Home Park Offer Sheet
Hey all,We are looking to make our first offer on a mobile home park. I would like to present the terms in a simple format prior to presenting any type of contract. Also, since we are offering a decent amount less t...
Lang Le
Can the bank reject the bid
1. At the moment, I am a highest bidder on a Trustee Sale Auction (the trustee is a law firm) the starting bid was set at 194K and my bid is well above it (240K). Any chance that the bank who holds the mortgage will ...
Kim Robinson
Buying STR with 5 star reviews
I'm interested in your experience if you have purchased an existing STR that has numerous 5 star reviews, super host status, and higher rates and occupancy than other houses in the neighborhood? I don't feel like I ca...
Rondell Garcia
NOTES... walking a fine line
I have a lot of questions regarding notes. Like in all things. I want to make sure that whatever I do, it is on the up and up. So with that said I wanted to know the following. In a recent discussion, the following wa...
Candice Mears
Advice- Tenants Wrecked Home
Hi I’m new here. I own a rental property that we built less than 5 years ago. We’ve had two tenants. Before the first tenant I took photos of the home which was still in pristine condition for move in and move out. I ...
Wendy Busa
Lease option ?s, Repairs and rental credits? Cash flow?
Thinking of doing my 1st lease option. What I like about this strategy is that the tenant/buyer takes care of the property. I do not have to worry about clogged toilets, but what about big repairs? if the furnace die...
Account Closed
How to properly transition old tenants to new landlord??
Hello BP Family!
I've recently purchased a 3 family fully occupied. I'm very excited for this transaction as I've been on the website for a while and have finally made the first step towards my goals.
My question f...
Eric Knapp
Understanding DTI requirements
It is my understanding that to qualify for a conventional mortgage, banks generally have a 28/36 DTI limit, where front-end value of 28% is based on PITI, and back-end value of 36% based on total revolving debt.
Firs...