Erick Vallejo
Family vs The 2 Year Rule?
Hey BP members! So I've heard a lot about this 2 year rule that some lenders require in order for your rental income to count towards your DTI. My question is, do siblings count towards this "clock"? My younger siblin...
Rachel Johnson
To Replace Existing Tenants or Renew Lease
Hi All,I've had a tenant for 3 years in the bottom unit of a duplex. For the past 3 years it has been a man, his long-term girlfriend and the man's 2 teenage kids living in the unit. Lease renewal is up come July and ...
Jason Winter
Inherited Tenants without rental payment verification
Hello BP Community,
I am under contract for my first first triplex property which will be used as a house hack. I have toured the house twice now and we have already had the inspection. The property is in great shape...
Justin Sumulong
Question regarding security deposits in Chicago
Okay, I'm flipping sides and asking a question regarding my security deposit for a rental I am moving out of in Chicago.A couple months ago, I asked our landlord if we could move out sooner than the lease end date. (l...
Josh Michel
Time Range for drawn out eviction in NJ?
I'm looking at a property in NJ that I KNOW will eventually have a hold-out tenant. I'm curious if any of the board members know what NJ's eviction process looks like, with regard to timeline and general costs. I'd ...
LaDerrick Langham
Renter's Insurance
If you have a duplex and occupying one side and renting the other, should you require the tenant to carry renters insurance?
Lance Middleton
Buying First House While Still Paying Rent
Hello BP community,Here is the situation. I'm really itching to get started with an investment property. I'm looking to buy a HUD/Fannie Mae forclosure paying 3.5% down. The issue is I'm only 2 months into a 12 month ...
Mica Moore
Strategy to increase rents to market rent
I am looking into buying a 4-plex that has existing tenants in 3 units ( I plan to owner occupy unit 4). All of the occupied units are at $600 per month, but market rent should be $800 to $850.What strategy can be use...
Roger Sands
How Much Should I Increase Rent?
Hey fellow real estate investors! I'm new here. Nice to meet you all.I have an SFR in Columbus, GA that rents for $1750. 1. How much is reasonable to increase rent? I was thinking an extra $252. Lease is up in June. W...
Ashley Massis Class
Myrtle Beach Rentals
Hi there, I’m looking to purchase my first short term rental property in Myrtle Beach area. I don’t mind a little rehab. Starting my search but looking to purchase in the next 30 days before the season. Ideally lookin...