Vashti Green
Thinking about buying a 4 unit
Hi. I'm 23, recent college grad (engineering) and am looking into buying a 4 unit home(each 2 br, 1 ba). I would live in one unit with my husband and rent out the other 3. Building is 140k. My gus says we can get it d...
Andrew Yu
Tenant Moved Out without Notice
Have a tenant late on one month rent plus some other fees, totaling about $1103.40. The other day I was going there to give them notice to vacate, caught them moving things into their u-haul, they said they were going...
Mike Abramowitz
Adding a member to an LLC
Currently my partner has properties in his name that have conventional financing, we are looking to transfer these properties into the LLC we are partners in. What type of concerns should we have with transferring the...
Christopher Mitchell
Pay off Mortgage or buy Rental Property?
Good Morning BP Community!I graduated from college about 6 months ago (debt-free), and have been lurking on the BP forums for quite some time. You guys inspired me to purchase my first townhome! Currently, I am using ...
Evan Aaronson
How important is having a garage to renters?
Hi Everyone.
I'm thinking about buying a 3 bdr 1 bath
single family home in an A neighborhood woth good schools but with no garage. I personally don't use my own garage, but how important do you think
a garage is to...
Julie George
Tenant Requests for Repairs upon move in
Hello everyone,I am a fairly new landlord in the state of Illinois. I own a single unit within a building of about 43 or so units that is managed by an HOA. I experienced my first tenant swap this month, and needless ...
Tim Porsche
Is This a Terrible Idea?
So, I have about 400 - 500 sq. feet of roofing that needs replaced at a rental. Some of it is asphalt and some is shingle. There are about four different sections...three of them are porch roofs and one is just a very...
Catherine M.
Interest rates rising? Lender increased rate quote.
We’ve been working with a lender for about 6 months to finance my first home. We are in a unique situation as we are buying a home out of a rent to own agreement. The first 4-5 months I worked with an inexperienced lo...
Ron Singh
mortgage on commercial apartment building
whats best way to buy larger apartment complex (50+ units)- is 25% down standard ? is it same for 1031 exchange scenario?- how to shop for lender / best possible rate / no pre payment penalty etc
Michael Bieler
Mortgage Loan questions
Hey guys, so I am an active investor in Florida. I have a few questions regarding mortgage terms. My lender always MUST have 25% down for a duplex. 30% down for a tri or more. I feel like this is really slowing me dow...