Pedro Jean
Child support money as rent
I am renting out a 3 bedroom apartment. I am asking $1,150 for it. I’ve requested that prospects have to make 2.5X that amount in order to be qualified. A lady (with 4 kids) is interested in the apartment. Her income ...
Mary Woodman
How can I get my earnest money back?
I put $3000 earnest money down today on a home from a wholesaler. I tried for 2 days to get into the house. When they finally got back to us they could only show it at 5pm on the 2nd day. We told them we didn’t want t...
Terry Burwell
How can I be professional when borrowing $$ from friends?
I am currently looking at a duplex deal that will require a $50,000 down payment. I have $20,000 liquid now, and I recently sold a business for $30,000 however I allowed the buyer to make $5,000 payments over the next...
Alexander Meisner
Opportunity to buy a flip at $150k, "zestimate" is 340k
Hello all, Background: I'm 21 years old, less than 5k in the bank, working on becoming a real estate agent in Colorado. I work in the oil field (~90k/year, heavily taxed) and am in the process of paying down debt ~10k...
Nick Furukawa
Forming My First LLC
I am looking to purchase my first investment property this summer in Indiana and I am currently looking into forming my LLC in the coming weeks so I can get my business bank account set up and start tracking tax deduc...
Patrick Young
Selling a Rental Wait List Spot
Hi All,I am currently on the board of my HOA and have an idea about commoditizing the rental wait list spots. Has anyone heard of any association allowing members to sell their spots on the rental wait list to other m...
Kenny Isberner
Transferred Rental to an LLC and now the bank is giving me issues
I recently transferred a college rental property into an LLC. I also transferred the insurance policy to the LLC instead of my name. So the insurance company forwarded that information to the bank which my mortgage is...
Allen Hua
Does DTI ratio consider potential rental income?
hi folks,I'm looking to purchase an investment property. When applying for the loan, does the debt-to-income ratio include the potential rental income on the property I'm trying to buy (that property is currently not ...
Fiza Ah
Adding Parking Middle of Lease
Hi BP Community: We've recently purchased a 4plex in South Carolina with inherited tenants. One of the tenants is late on rent and we're awaiting a court case for eviction (they are dragging their feet to try to stay ...
Jared Sandler
Choosing a Hard Money Lender
Characteristics of Hard Money Lenders
A bank’s role is to supply financing first by evaluating the borrower and the borrower’s financial state, including taking into account their debt compared to their income, commo...