Eric Fitzgerald
[Calc Review] First Investment Property! Feedback Needed!
Hello All,I am in talks to purchase my first property and would like to hear your opinion on this deal! Here are some details, and the report is attached below:This is a multi-family student housing property. 2 houses...
Cali Skier
Tenant wants to break lease
Hi,We have tenants that are 7 months into the lease and bought a house. Now they want to break the lease, we told the the terms and give them an alternative the give them their deposits back, but they have stopped co...
Justin C.
Pennsylvania: Do you file a mechanics lien at time of closing?
Both my mentor and our mutual real estate attorney both strongly recommended filing a mechanics lien at time of closing. My wife is the buyer and I am the contractor. I plan on asking them to fully explain why this ...
Andies Shepherd
Help with Refi or Heloc Decision/ Starting our rental portfoilo
Okay Bigger pocket, need some guidance. We bought our current home inn 2017 for 200k @ a 5.125% interest rate with Wells Fargo we got an FHA loan and ended up coming out of pocket 9k for the house. We have done a lo...
Gerald Perez
Cash Out Refi based off of appraisal VS. based off income
Can anyone explain how much LTV can be pulled out of a property based on the potential income of the property?I understand the Appraisal method but this one I can't really find an answer.Here is an example below of wh...
Isaac Howland
Best Strategy for 1st Deal / Property Sourcing Rules of Thumb
Hello All,I made this account years ago, finally starting to get active now that I have a steady professional footing in my day job in architecture. This can be considered both a blessing and a curse, as I have decent...
Kim Leduff
Where to invest down payment while house hunting?
Hi BPers,
We are hunting for investment properties and in the meantime have a significant amount of cash in our checking accounts ready for when we want to pull the trigger with a down payment. I feel like there coul...
Sean DeRue
DTI House Hacking roadblocks
I apologize that this is far from brief, but I earnestly appreciate every bit of help, and thank you for even just reading the postComing this next year at Purdue University I would like to house hack somewhere in ord...
Erika Caba
USING THE BRRRR STRATEGY
Hello! So I have some questions, I’m trying to figure out the BRRRR Strategy. How do you come up with the equity/cash out at the end of the last step? Is there an equation to solve it, to find the answer? There is a ...
Thomas Smith
One Year Lease and Security Deposit Paid Up Front
I have an applicant that is not currently employed but has offered to pay the entire first year of the lease and the security deposit up front. On his rental application he stated that he currently lives with his pare...