Eric B.
Buying Occupied House w/Section 8 Tenant
I'm contemplating taking a huge leap and trying to buy a house that is already rehabbed and occupied with a Section 8 tenant.
Now, obviously I'll need to acquire funding should I decide to go through with suc...
Yatin Dalvi
Is this fair ask from the broker?
The broker I a working with to buy a property also has a PM company. They are asking for 1 month rent to market and find the tenant plus 9-10% fees to manage it. It seems too much but I am new to this and would like t...
Vamshi Ananth
What information is required for mortgage pre approval?
Hello Fellow BPers,This might be a basic question, for pre approval of a mortgage, does the mortgage broker need the following information?Last 2 years federal tax returns all pages and W-2sLast 2 paystubs covering ...
Joshua Nicholas
Affordable Housing Resources?
Hi everyone,I'm hoping someone can help me with this as I've tried to figure out this game by myself to no avail.I have a project I'm looking at that's 80 units, vacant and needs a full gut rehab. I can get really fan...
Francis M.
How to pick a lender?
Besides the rate are there any specific things to think about when choosing a lender or broker for financing a conventional loan?
Porter Rappleye
Yellow letters
I read a lot of these forum posts mentioning people sending out yellow letters. What is the best way to generate affective lists for yellow letters? In particular I'm looking for a list of absentee owners but I'm not ...
Mark C.
Somewhat unusual situation - one off, four to six month rental
I'll preface this by saying that yes, this is probably unusual, and yes I'm about to rent to friends. I'm in Texas, and I want to sell my house. I have friends that actually want to buy mine, but want to rent first so...
Anna Doumkina
Financing for a Foreign National
Hello! My partner is an EU citizen looking to invest in the USA to purchase properties that will later be for Section 8 tenants. He does have an ITIN number, recently opened up an Amex card in the States to start buil...
Chuck Redman
Looking for feedback from Private Money Lenders
First off this is not a solicitation for a loan!
I am new to REI and wanting to know what information a Private Money lender wants to see to determine if they would be interested in loaning the funds.
Thank you for ...
Joel Geisel
Section 8 Coincidence or Not?
I recently bought a townhome in a suburb of Minneapolis - 2Bed/2Bath. The going rate in the marketplace is about $1,600/month for rent. Once I listed this property for rent I received 50+ inquiries. To reduce the volu...