I'm wondering if those of you who have formally assumed a loan in the last 10 years could share your experiences. Was there an application, what was the qualifying process. If you were denied, what were the reaso...
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I have a friend that had someone else managing their money. Several mortgage payments were missed. I guess the bank had someone drive by the house and saw that it’s in terrible shape. They determined that it would ...
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I completed a Brrr earlier this year. When I refinanced the property to pay back my private money lender the appraisal came it at $105k. My projections and comparables in the neighborhood supported an appraisal at $...
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I listed my rental property on Zillow and received a completed application from a prospective tenant who's credit score is 524. Rent for the property is $1600 per month and per the credit report, tenant has a total de...
I found that I can take a full distribution on 401k under Cares Act if it’s taken by the end of 2020. I know I would pay the tax on the capital gain, but can you share what your experience are if you’ve done this? My ...
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Hello BP community,I am writing today out of curiosity if anyone has ever looked into / used a VA streamline refinance loan.I have been learning about REI for about a year now and am extremely excited to get the ball ...
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I posted this on another board but I wanted to see if I could get some info from a builder's perspective as well...I've got a buyer wanting to find some vacant lots in my area to build on. I'm planning to treat this ...
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I have a tenant that has a coworker that is in immediate need of a place to stay. The coworker has 3 children. My tenant wants to let her stay with her until she can find housing. We recently bought this property, and...
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I have been analyzing apartment deals and doing a lot of reading/listening/studying and have an assortment of questions that I hope some seasoned MF investors can help answer. Sorry if this is a little long, but I'm r...
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Hi BP! I just inherited my third set of tenants. They have lived in the property 12 years. Never had their rent raised. Don’t have a security deposit and are month to month. The property needs a complete rehab as they...