Nam Nguyen
need a strategy to repay a down payment
My relative is willing to loan me $25,000 for a $100,000 property. The remaining $75,000 would be on a conventional loan for 30 years. The property cash flows $200 per month. What strategy would you use to repay the...
Jessica Duckett
First Deal Due Diligence - What to do?
Hey guys, I got an email from a wholesaler about a property I'm interested in in Birmingham, AL and don't know where to start on due diligence. It's a duplex, first side rented out and says they always pay on time in ...
Johnny Vue
Using a HELOC and paying it back
Hi. I'm rather new to real estate investing and looking at purchasing my second property. I live in San Diego and it's expensive here. I have a few questions about using a HELOC to purchase an investment property. Bes...
Justin Pinder
NEWB: Talk to lenders first or find deal first?
Hi. I'll be investing in a 2-4 unit building before the end of the year. If I decide to go at it myself, should I talk to a bank and see what type of loan/limit I can get before finding a property or should I bring th...
Justin R.
Charging for My Own Labor - Louisville Area
Hi BP,I was hoping folks in the Louisville, KY area could assist me in determining if I could charge for my labor in performing cleaning and repairs after a tenant vacated? I was looking through the KRS 383 and didn'...
Account Closed
Private Lender w/ low rates for high LTV
Hi Guys, as subject mentions i'm interested in trying to find a private lender that can offer low rates for higher LTV on primary residence property. I'm in a situation where i'm newly self employed (1.5 years) so do...
David H.
Best Payment & Refund Structure for taking Direct Booking 6-9+ months in advance?
Hi.I'm still in my first year as a STR owner, and I'm going to start taking bookings for next spring/summer/fall for our lake house. This past summer (our first season) we had many multi-generational family reunions ...
Dave Garlick
What account pays for common expenses
I just closed on my first deal consisting of two duplexes next to each other but they are on separate parcels. We did do two separate conventional loans which was recommended by the lender. I know there are a lot of o...
Wesley W.
Buyers of rent-ready small multis: advice needed
Hello all,I'm looking to get some feedback from people who have made a practice of buying occupied rent-ready small multi-family properties.This is my niche of choice, and despite what I consider to be my best efforts...
Trisha S.
Unhealthy Living Environment? lease abandoned
Tenant Communication
09/05/2014
Debra called Trisha
Debra stated that there is mold on the inside of the toilet bowl and
sink bowl by the drain. As well as, a small amount o...