Leesa Cramer
Is This A Good Idea?
Hi all,
My Realtor found a great rental that she was going to buy but doesn't want to stretch herself too thin and told me about it. I would be a newbie at this and have no moola. Would it be a good idea to use hard m...
Callum K.
Can't get a loan due to debt to Income... Ideas?
Hi!
I have been lurking around BP for a while and am very much appreciative for all the insightful information.
I recently sold one of my businesses and have plenty of cash to go buy multiple properties. I already o...
Sean Haran
Newbie with high income - Invest local or long distance?
Hello all! I’m a Bigger Pockets junkie and aspiring investor. I’m 26 years old, working as a solar sales rep on a full commission 1099 pay structure (no hourly/no W2). Income varies month to month from 8-10k per month...
Sam Dalton
Rent Payment Processing Time
Is there anyway to get rent money same day? If my tenant pays on the 1st of each month, I do not get the money till a week later because of banking processes taking 5 business days. Then I am late for my payment. What...
Sean Wilt
Prospective guest wants to go ouside of platform. suspicious?
A potential guest contacted me via inquiry through VRBO and is interested in a week long stay at our home and it's a nice rental ($3,500). He is a new traveller with no reviews. He gave his full name and email plus...
Allende Hernandez
Need suggestions on how to handle utility costs for house with "efficiencies"
Good afternoon fellow investors,I just closed on my first rental property, which consists of a main house with 3 attached smaller units (efficiencies) - this is very normal in this area- , everything is on one meter.T...
Andy Wu
Pay which houses down first?
I have both first and second mortgage of my primary home. The second mortgage rate is much higher than first.I also have several rentals which have either 15 year or 30 year loans, they have different interest rates.I...
Brandon Turner
preferance on closing costs
When you are in a situation where you have to pay closing costs. Do you prefer to A. prefer to pay themB. roll them into loan (if that is available commercial loan example)
Dyami Pike
Taxes on rental income
I'm looking at renting out my primary residence as I move and get a new primary residence and for easy numbers I'll change them a little bit. If I rent my property out for $1500 and my costs on it are $1200 and I payi...
Austin Kuhnle
Seller Finance question regarding closing costs?
The seller had also brought up a question, I think I could answer but wanted to double confirm. Her question was Concerning closing costs with a contract, who pays Recording Fee, Escrow Fee, Transfer Tax Fee, possible...