George P.
When lending ~15k to rehabber short-term, what to look out for?
I have been (briefly) pitched by a rehabber who needs $$ to rehab multi-units, occupy and resell 18-24 months later. Promises 8% and percent of profit upon closing. Claims it'll be secured by 1st lien (I have to menti...
Lane Register
Who MUST Be on the Application?
I've searched the forums but I can't really seem to find anything on this. I'm the property manager for my parents' mobile home park - it's a small park (9 lots total) and they live on the property as well.We want to ...
Doug Karkow
Financing a Multifamily Property with Fannie Mae
My business partners and I are trying to purchase a 63-unit deal (spread across 6 buildings) near Cedar Rapids, IA with a Fannie Mae loan product. We're after their low interest, 75%-80% LTV, 30-year fixed rates, and ...
Michael Needle
Comparing 2 Very Different Properties
As background, I own 5 rental condo units (in the DC area). Till now I've been more interested in cash flow but understand the power of having equity to tap. My goal has been to move towards rowhomes/SFR to eliminate ...
Meaghan Simonich
New Investor Introduction SFH & MFH
Hello BiggerPockets Community! My husband and I are newby investors pre first deal. We are looking at either multiple SFH or 2-3qty MFH or even acquiring a portfolio. Our targeted market is Kansas City, MO and the sur...
Steve Hiltabiddle
Loan Penalties: What do you use in your loan docs?
Hey BP Private and Hard Money Lenders
I’m curious what penalties you typically include or consider including when lending to flippers/rehabbers on shorter term loans, and what you might charge when applying the penal...
Kurt K.
Investing In First House Hack Property - Advice & Realtor Needed
Hello! My wife & I just recently moved to Nashville late last year. We are currently renting in the East Nashville area and are looking to purchase a house hack in the next 3-6 months. We have a 20% down payment s...
George Rodriguez
How do you make sure title is clear?
Hello I am looking to purchase my first rental property. I want to make sure I have all my i's dotted and my t's crossed and one of the issues that I'm coming across is that I am not 100% sure on how to ensure the tit...
Elson Lai
Tenant hasn't paid rent since Feb
That's right. I own a SFH in Los Angeles, and the last time my tenant paid rent was Feb rent. So now he has missed Mar, April, May, and we are coming up on June. He has not offered to make even partial payments, an...
Luis Y.
First Property mistake and lessons learned
Investment Info:
Townhouse buy & hold investment in Mililani.
Purchase price: $395,000
My very first purchase... made a lot of mistakes. Started Househacking with the property and after about a year ...