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Dear Experts,I had a tenant who was two months behind and under the threat of having an eviction on his record agreed to voluntarily move out and pay the owed amount at a specified later date. I drafted a document usi...
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Can someone help me with some legal wording for our lease regarding discount for on time payments. We are charging no late fees, but if they are on time, giving a discount. We are upping the rent by $50 and then givin...
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Hey BP! Working on closing my first deal and I'm wondering if my thinking is correct. I am purchasing a 3 flat that I will be living in and this is my first home purchase. I have ~$20,000 total in my Roth IRA and I wo...
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That isn't at subprime rates (higher than 6%) for buy and hold strategy. Perfect credit but in Canada. Lenders I've talked to so far say that they will finance at 7.99% for an LLC hold, but as I am smarter than that i...
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I'm looking to invest in multi-family but my DTI is pretty much at its limit. I've looked at several ways to incorporate deals but the majority of sellers want a loan from the bank. How can I continue making offers wi...
Hi Bigger Pockets team,I am looking for some advice on the business 'back-end' for my investments. I would like to lay out how it currently stands and see what more experienced investors would do in my situation.My fa...
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I am doing my 2nd cash out refi on a rental house, and the bank is telling me I have to pay $450 rate lock fee, which I said I don’t want if there is a fee with it. They claim this fee has to be charged whether I wan...
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Hi everyone at BP! I'm Steve, currently self-employed, but looking to expand into real estate for some stability. In my current line of work(DirecTv), I am constantly fighting off the state trying to classify subcon...
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Hello Everyone!
I am going to be buying a multi-family home to house hack. I spoke with a loan officer and am in the process of being preapproved for a loan, but I have some concerns to resolve before moving forward...
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The primary home is on me and soon to be ex wife. I plan to move on buy a new home and my current frannie freddie lenders wouldn't lend while a home on my name is in forbearance. I have few rentals that are cash-flowi...