Account Closed
Does the house need to be unoccupied for a follow up inspection?
Extemely Important Question: Am I allowed to have a non-renter living in my house that is not yet a certified rental?I am being 100% honest in what I am about to type: I bought my grandpa's house two years ago, and l...
Scott Schultz
Plumbing Stoppage in Multi-family Property. Who Pays?
Hello there. I have an interesting question regarding a 4-plex we own that is on septic. We had it pumped yesterday and in addition to being full, the plumber had to auger the line due to back up. Of course it was gre...
Shaun Hood
Can I get a line of credit for Investment Properties?
My wife and I own 3 properties, two of which are rental properties. We are very new to real estate investing, but off to a good start. We recently turned our primary residence into a rental, and have about $100k in ...
Chris Gerbig
Sell one house with a pool to buy 2 without?
I just purchased my 2nd SFR property in 5 months. Got great deal on both of them. Now I have to figure out what to do with my primary residence (I need to move into my latest purchase to satisfy the VA loan).My curr...
Tanner Pile
Getting Lenders for Multifamily
I've been talking to several lenders to do FHA loan for a triplex in Colorado Springs $530k. I currently house hack a 2/2 Condo and would rent it out. Lenders won't accept any profited rental income towards my income ...
Blake H.
Cash out Refi or Wait?
After jumping through some hoops I'm setup to make my first investment! On july 28th I stumbled upon the world of Real Estate and BiggerPockets. Since then I've been obsessed in finding a way to make it happen given m...
Karissa Sampson
$210,000 in equity-Lender counteroffers HELOC request w/ $20,000
What the actual heck is going on in some underwriting departments? Does anyone know why a lender, who initial told us we could pull $159,000, then countered with $99,999, then countered again with $20,000 would do thi...
Jordan Gerkin
How many nights in a month can a guest stay in a rental?
I have a renter asking me how many nights a month a guest can stay the night without being on the lease? I know this probably varies state to state (I’m in Illinois by the way), but is there an average? And is this a ...
Christopher Nicholas
To go SFR or small Multi-Family for my first owner occupied?
Hey BP Community,
Long time listener, first time forum question. I am using a home buying assistance program that requires me to owner occupy my purchase for below market rates (around 3% interest with $0 down). The...
Loren Thomas
To Upgrade, To Sell, To Rent, To Leverage Current Home?
Apologies if this is the wrong forum, seems like a general question to me?We have a mortgage on our current house. After next summer, we are going to refinance. At that time, we will have around 100K in equity. I'd li...