Hey everyone!Hoping to get some feedback on the timing of when we should apply for pre-approval. We are looking to purchase a MF property later this year or early 2023. We plan to live in the property and rent out the...
My tenant called me regarding a broken door, I had scheduled a repair on the door the following Monday (5 days after the call) however when I arrived the day of with a contractor, I found the door to be completely unu...
I searched the forums & found many situations involving private money, but couldn't find any like this. How is private money classified/structured if there is nothing being asked for in return - no returns or int...
Hello bp family,
I have a duplex that is completely rehabbed and ready for rental, I wanted to take my equity out so I can purchase more rentals. So, I contacted one of the private bank and they gave me their terms. ...
As a tenant and someone looking into having investment properties down the line, I have a particular situation I need advice on.I was renting a flat in LA with a friend, both our names were on the lease. She planned t...
Hi,A few years ago I purchased a 7 unit building with seller carrying the mortgage with 2% interest for 3 years that ends with a balloon The price was $310,000 and I put down $30,000. I made a mistake of not getting a...
Hello BP!I have a question about rehabing with contractors. I've read a few success stories and horror stories, both sometimes have contractors run away with the money. I'm guessing that there needs to be a system for...
Medium term rentals are the new darling of short term rentals. As a large chunk of the American workforce can now work from anywhere, investors are scrambling to provide great places for these digital nomads to explor...
Hello all, newbie investor here looking to get my second property and would LOVE your advice! I saw a listing and in the description the sellers are offering an assumable loan, and I would love to know the best way to...
I'm owner occupied in a duplex. My tenants that live below me in a large 3bd/1ba unit have been there for almost 3 years now. I rent the unit for $700. I've never raised their rents. When I purchased the property, I t...