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I made an offer on a MFH foreclosure listed at $34k in an up and coming area, it needs about $40k worth of work and will result in $1600/mo in total gross rental income. I offered $38k on the property the day it hit ...
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Newbie looking for advice. Found a property, it’s a 4 unit apartment complex with 3/2 house on the same land. Good bones, but will need full cosmetics work. Owner wants 60k. I would say rehab would cost 60-70k total (...
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My father has offered to give me his house and property. The house is a total disaster both aesthetically and structurally and will require a total tear down including the foundation. He also owes about $12,000 in bac...
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Hey guys! This is my first post but I'm excited. I have identified a solid investment property that I can house hack into a gold mine! From what I can see I only need a few pointers on the order of operations here.Fin...
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I listen to a speech saying you can apply and get mutiple line of credit simultaneously ... UnsecuredAnd that while it is illegal to get mutiple mortgages simultaneously on the same property, it is totally fine gettin...
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What are your requirements for the application process? I have put the following list, am I missing anything?Completely filled out Residential Lease Application2 years of employment in the same industryMust have a ch...
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I have an applicant who looks like they could be a good renter, but has a few negatives (already discussed in the thread linked to below) and so I've decided to approve them, asking for first + last month's rent in ad...
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We work with a company that'll allow a tenant to buy a bond in place of paying for a deposit. Say you want to move in for as little as possible. Rent is $700/month. Since your credit sucks and you were evicted 16 m...
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I had previously posted on here asking BPers for advice on a potential rental property. I decided to purchase the property. Here are the numbers I posted when asking for advice:
Asking price: $50,000
Tax...
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I'm a newbie to BP...love the depth of knowledge I'm seeing on here.If you keep your quest for private mortgage lenders with people you know...are there any disclaimers or disclosures that "need" to be made to these p...