Rao V.
Help me with this situation
Hi,
I have prospective tenant who has good rental history/income and credit score. Her parents will also be on the lease. The problem is that her Dad has filed for bankruptcy as his house was foreclosed. She ...
Collin Hays
What a difference a year makes!
This is one of my personal properties near downtown Gatlinburg. It is a luxury log cabin right on the Roaring Fork River. A year ago, Memorial weekend - as well as all of June, was completely booked at a minimum of $...
Johnny Martin
I am 22 years old and looking to get into real estate.
What would yall recommend to be the best strategy to entering real estate at my age. The FHA loan house hacking wouldn't work for me for at least a year due to me having a year left in college. I have a credit score o...
Aaron Leger
Financing options - help!
Hi all,
Just flipped my second house in central mass and looking at multi units in Maine/Vermont/New Hampshire and looking to line up some financing. Have cash in bank and two successful flips under belt and no debt....
Lacey Haessler
Wholesaling: My Seller Needs Credit Check
Hi everyone,
This is my first post on BiggerPockets AND my first potential wholesale deal. I have been talking with this seller for a few weeks and he has finally agreed to sell to me. The only issue now is that he n...
Jai Deva
Newbie questions
Hi everyone, I am close to investing in my first duplex buy and hold property and have a few questions for experienced investors:
1. the duplex is currently owned by turnkey supplier.Based on BP rental calc, the num...
Andrew Hove
New guy question - lender
I've done a traditional loan to my personal name and I've done a straight commercial/business loan (5year) to an LLC for a multi family but I've never pursued a fixed rate longer term note to an LLC. I have a single f...
Chris Lin
tenant screening and their risque source of income
I have a potential tenant...Works as a "hostess" at a gentleman's club. Makes about 45k a year but can't provide formal proof due to the nature of the job being mostly tips. Has 2 kids and friend who makes about 26k a...
Sean Elliott
Increasing cash flow using Equity Line of Credit
I'm in the process of acquiring a equity line of credit on my investment property. I am considering doing my own escrow and financing the entire property through the HELOC because the initial rate offer of 8.64% is hi...
Jake Doub
Trying to start over
Hi,Here is my current personal situation. I am recently divorced, took on a ridiculous amount of debt, have a credit score of 500, very little cash, about 3 months behind on mortgage payments for a property I am renti...