Nader Hachem
Getting preapproved for a rental after purchasing primary
Hey all, I closed on my primary back in June and I’m looking to move into buying my first rental. My credit score is great right now, just opened a credit card earlier this week and I know there’s a 14 period where I ...
Albert Velasquez
What to do with 100k in the bank?
18 months ago my parents had to short sell our home and rent it from the seller. Today our financial situation has completely turned around. We have 100k in the bank and don’t want inflation to destroy it. We want to ...
Austin Haynes
Tenant screening process for first property
I just secured my first house hack! I am currently in the process of deciding what property management software to use. As of right now i am deciding whether or not to use RentRedi but I noticed that RentPrep has a mo...
Jason Sung
Foundation warranty take over from the seller
Hi folks, I just closed a property. I bought it off-market from Sundae.com. If you have not heard about it, it is like an auction. I bought the property based on inspection report. The house has foundation issue; crac...
Chris Leppanen
Seeking Mortgage Broker/Financial Strategy Advice
Hey there, our goal for the next year is to house hack a 4-plex and also acquire at least two duplexes as well. We are in the process of building our team and would love to have acquired the 4-plex by January 2023. We...
James Slocum
Tenant to be put a stop payment on their security deposit check..
I recently signed a lease with a local university student about 30 days ago. Then I received a phone call today from his father informing me that his son was not going to live there even though I got a text message f...
Cody L.
Odd accounting question - How to classify security deposit bonds
We work with a company that'll allow a tenant to buy a bond in place of paying for a deposit. Say you want to move in for as little as possible. Rent is $700/month. Since your credit sucks and you were evicted 16 m...
Ryan Judah
Multifamily markets that offer cash flow AND appreciation
Hi BP community -I currently own an SFR and a 7 unit complex here in Washington state and am looking to grow my real estate portfolio dramatically in 2020. My sole focus for next year is to buy 50 MF units (1, 2, or 3...
Greg Mayer
Unpaid rent from vacating tenants
Hello BP community,
My wife and I purchased a duplex in a B class area about 1.5 yrs ago and inherited 3 adult tenants in one of the two units. This was my 1st property.
I live in one of the duplex units (my wife li...
LaTara G.
Which comes first buying the land or making the proforma ?
Hi Bigger Pockets Members,I have read a few posts, threads, etc. I am trying to get an understanding of the development process for building a duplex, quad etc. I am not sure if I need to concentrate on getting lot/ l...