Erich Oertel
First month, last month, security deposit?
I am renting my property for the first time. Normally, what’s collected prior to moving in? Is it first month, last month, and a security deposit? I’m getting mixed advice. Some say just first and last month, with no ...
Jeri Clark
BRRRR
Hello everyone!My husband is a non-believer in the BRRRR method and in leveraging in general. He says that this won't work in the areas we invest in which are the 32218 and 32226 zip codes in Jacksonville, FL.So I'm ...
Garrett White
Hiring a MHP Manager
Alright guys and gals, I'm new to the MHP business so bear with me. Providing your business plan involves hiring a tenant to be your manager, how do you typically compensate them? For instance, in Multifamily investin...
Mike Nelson
Working with an a buyers agent Short Sales having a heck of a time
Im not here to whine about inventory, but i noticed all the competing rehabbers are getting short sales, and guess what! IM NOT!. As I have never dealt with a short sale transaction I am leaning towards having an ag...
Daljit S.
New Jersey Tenant Consistently Late on Rent, Missing Rent and Now Unresponsive
Hello BP,
I'm currently house-hacking a 2-family property in the Hudson County area. I bought the home just over two years ago when interest rates were at an all-time low. When I purchased the house, the second unit ...
Daniel Smith
Are mortgage rates for investment loans typically higher?
Getting ready to buy my first investment property, so I thought I'd be proactive and get pre-approved for a certain amount before I find a house to bid on. I contacted the big bank I have my primary loan with to see w...
Augusta Owens
Planning my process
Good morning All,
I've been real estate curious to the point of obsession for about a month now, but in that time I've started to develop my tentative plans. I thought it prudent to run some questions by the plethora ...
Rijm D.
Where to park my Heloc money till ready to invest?
Getting a Heloc, hopefully around 120K. It's a fixed loan product, need to borrow full amount by end of Feb to take advantage of 10y at 4.49%. It being long term and fixed is perfect for what I intend to do with it, j...
Chris Ferren
Partnering with a GC
So I'm currently looking for my first flip project and am getting more serious about writing my first offer. I have set up my LLC which will be will be taxed as an S Corp, found a great CPA who specializes in working...
Ryan Jacques
DSCR Terms Opinion
Hi all, I just received the below term options on a DSCR new purchase loan (780 credit score). I'm curious to learn if these seem in the reasonable range including the fee amounts. I'd also like to ask if the rate di...