Michelle Sharko
Heloc loan or Conventional loan
I have a vacation home that has no mortgage and we are trying to pull out equity from it to purchase another property to use as a rental and vacation spot. We only have my husbands income, I'm retired and stay home t...
Taylor Colligan
FHA Loans on Multifamily
My little brother and I are looking into investing in a multifamily unit. I currently have an FHA loan in my name for my primary residence. However, he does not. My question, can you get an FHA loan on a property that...
Kay Nemen
Rental property with tenants in place - how to go about adjusting the rents?
Hi all! I'm about to close on my first rental property (yay!) - a quadplex in the DFW area with all units rented below the market rent (about 20% below). How would you go about raising the rent - Would you wait for a ...
Robert L.
I need help choosing a 1031 QI and avoiding scams
Hi All,Like many people needing to do a 1031, I am skeptical and concerned about scams. How should I choose a true Qualified Intermediary and know I am getting someone good at a reasonable price and know I wont get s...
Edwin E.
New guy in Phoenix, Arizona
Hi BP members. I'd like to introduce myself. I'm a beginner Real Estate Investor and I'm here to learn from the pros and share my experiences with the ones coming behind me. I'm interested mostly in SFR's and right no...
John C S.
Help with house closing
Hi all I have a question for a friend of mine. They are trying to buy this same house for about 6 months now. Every time there is a closing date scheduled there always seems to be an issue. The latest issue is now the...
Nick Zocher
Do Back Payments Matter To Mortgage Balance Bottom Line?
Extremely newbie question, but I'd love clarification.I was speaking to a lead today who's bank statement said they had a remaining mortgage balance of around $500,000. The statement also highlighted that they had $60...
Zoe Lee
tenant with massive loans
We are looking at an applicant with massive loans (130k student loan and it's a low paying major). The "estimated monthly payment" listed on the credit report is however less than 1k. Is this estimate accurate? Or I'm...
Joshua Simon
How to analyze a multi family deal with 100% financing
Hello all,I’ve been investing for about 5 years in single family properties that I manage myself and decided to jump into multi families. My question is, is how would I calculate a deal using the cash on cash method w...
Harrison Painter
"The Apprentice" Thread
The show starts tonight, and is one of my favorites!
I thought it would be great to share our observations and comments here on BP if anybody is interested!