Laurie Verdecchio
Flips in St Pete, Florida
Hi,I'm a NJ Realtor and my husband is a window and siding contractor. We have rentals, and have done a few flips in NJ. Recently, we purchased an investment home in Dunedin, Fl and we have had success with it so far. ...
Tony Nguyen
What are my options when the balloon payment is due?
I am negotiating a deal right now where the seller is willing to carry 90% of the loan for me for 10 years. Is my only option at the end of the 10 years is to sell? My goal is to hold onto these properties to build my...
Alex Aronson
What % of gross rents should be allocated to repairs
Hello,
Just finished my taxes for 2008. I noticed that my % of cost from repairs compared to gross rents was 4.7%. I currently budget 10% of gross rents for repairs. IE if rents are $800 a month, I set aside $80 f...
Andrew Eaton
Fannie Mae will buy 97% LTV mortgages
Saw FNMA article this morning. "Fannie Mae will buy 97% LTV mortgages"You must be joking. [looks to see if this is an Onion article]...I wish I were joking.Haven't we been here and done this? This didn't end well the ...
Heather Rudy
Hoarder House in Denver
Hi fellow Denver folks and anyone who might have experience with a hoarder house. I would consider doing the cleaning/repairs myself, but also curious if anyone can recommend a local cleaning company or provide an es...
John Paul
How’s should I fund my first flip
Hey guys so I have a quick question , my friend and I have finally decided to pull the trigger and buy our first flip . To keep things short and sweet I wanted opinions and how I should fund my portion of this flip . ...
Bobby R.
Rent Payment
I'ma an absentee landlord. My new and current renter doesn't have a checking acct, her paycheck is put on some debit card. Somehow she makes her payment using my acct number (I know that's not good, so let's not spe...
Jocelyn Hinz
Mobile Home Park
I am looking at a potential mobile home park purchase and would love some input on the deal. It has 18 lots sitting on about 3 acres of a 19 acre parcel. Lot rents are $325/month, currently 17 are filled. The sale wou...
Laura Costello
BRRR Question
Hello BP,I have just finished the rehab and have my tenants moving in next week for my second BRRR property. Moving on to the refinance step and am wondering if it is better to completely refinance and cash out (did...
Amardeep Singh
VA Loans for investment properties
So I'm looking in to my first property and I'm going to be using the VA loan, I understand that the VA loan cannot be used for investment properties. I do plan on living on one side and renting the other unit(s). I wa...