Melissa Kirchhoff
Rental - Which flooring would you pick?
Plan is to rent and hold for maybe 5 years or so, then fix up and sell.- So right now, it's a 50's house, it has hardwood floors that had carpet over them, I'd like to have the hardwood floors refinished and looking n...
Hiro Kitagawa
Omitting rental property mortgage from debt
Hello BPers,I just started renting my condo to a tenant at the beginning of April. Upon speaking with two loan officers on conventional loan, I received quite contrasting answers. My questions was if I'm getting ren...
Account Closed
Buying an apartment building in Brooklyn, New York
Hi,My name is Phil and I am new to real estate investing in the US, although I own property in Bermuda where I live. My adult daugthers' live in Brooklyn, NY where they rent an apartment and I'm investigating whether...
Megan Greathouse
Legally renting to 4 or 5 students?
I'm about to put an offer on a single-family property less than a half mile from a very nice university in St. Louis, MO. It's a clean 5 bed/2 bath house that would be ideal to rent to students. However, St. Louis Cit...
James Park
What are the differences in private lending in Indiana vs Cali?
Hi all,I'm a real estate investor in California, but I also own multifamily in Indiana. I have a private lender here in California that lends against homes that I flip. He's always been resistant to lending on anyth...
Keeka Balaram
Convert 4-unit condo to townhouse in KY?
I currently own a "condo" in Kentucky which is part of a building with 4 units, each with separate entrances and back patios. The maintenance of the exterior is horrible, especially for the outrageous HOA fee. The ext...
Clayton Elliott
Shutting Down Mobile Home Park Need to Sell Older Mobile Homes
Hey all, My father recently passed away and I'm helping my mom close down a Mobile Home Park in Las Vegas, NV. Unfortunately we can't keep it running as a Mobile Home park due to a lapse in business license which led ...
Nash Mittelman
Income stated? Interest only? Any other ideas?
Hi BP! I incorporated last year, and I don't think my personal income will do me any favors for getting financing (meaning it's low). My business generated a fair amount of income, and my rental property might generat...
Eden Mendel
First Rental Property in NH - is it worth it?
Hey!I’m a holder investor based in Boston, however I was introduced with an opportunity to purchase a “vacation”/rental property on a lakefront in NH (one of the smaller lakes around lake Winnipesaukee). it’s zoned as...
Ryan H.
Property Management Agreement
Hello, I'm reviewing a property management agreement (I would be the landlord) with the following terms:- Management fee is 10% of rent- Charge of 15% of rent with each new tenancy.- Landlord to pay property managemen...