Stone Jin
Got a self directed 401K, now what?
We are looking to open a self directed 401K to invest in more real estate. There has been lots of posts on BP about the benefits and how to set it up. However, we are looking for information on what happens after yo...
Kadia Lawrence
How to calculate 3X income rule for section 8 and Minimum credit score
If you have a minumum multiplier to qualify people on income, e.g., income must be 3X rent, how do you make the calculation for a tenant using a section 8 voucher?Also, if you are using one standard set of criteria to...
Account Closed
MHP tenancy approval and investors
I understand that most MHP/Associations require approval via a credit/background check for perspective tenants for their lots.To those who invest in units in parks, do you submit to these credit checks or are you able...
Chandler Diaz
Bought house with tenant - now he won’t pay... HELP.
Long story short:I’m a newb who bought a home that had a tenant in it. Told him months ago I was buying the place, all was well, he has good credit and rental history. Now the guy isn’t paying, but I know he’s still t...
Cameron Ellis
Newbie: Finding Financing
How's it going BP?
Im having trouble finding anyone that will finance me, I'm a 19yr old college student, fair credit 650+, 3yrs on my current job, never missed a payment on any of my credit lines, paid my first v...
Josip Galic
Home Equity Loans
What have your experiences been like with Home Equity Loans? Positive and negatives; what caused you to use them versus other forms of credit?
Brian G.
DTI and House Hacking a 4 Plex
I'm trying to figure out how to calculate what my maximum total purchasing power is on a OO (house hack) 4 plex.
I have no consumer debt of any kind with one outstanding mortgage of approx. 87k on a cash flow positi...
Derek Bonanni
Can you deny tenant that has already signed the lease?
Hi All,I have a future tenant that signed a lease and has given a security deposit already. I just received a call though from one of their references telling me to not let them move in and that they were in his pres...
Deborah R.
rental applicants with bad credit -give them a chance to explain?
I am managing our first property by myself for the first time. I am doing it "by the book" - Brandon Turner's book. Rent is $1500/month for this SFH. I have two applicants (single mom and a couple) who seemed grea...
Christina Gray
Rental Properties for beginners
Ready to invest in rental property in upstate ny, but I am having a hard time finding a bank willing to mortgage the property. Any suggestions/ advice? did anyone experience this? if so, how did you overcome this obst...