Freddie Mac’s website explains the Homepossible mortgage as “A responsible, low down payment mortgage option for first-time homebuyers and low- and moderate income borrowers”. What Freddie fails to explain is how gr...
Hi,
I rent a house I inherited from my mother not located where I live. I have a property management company manage it. We just replaced all flooring and did landscaping. Within 2 weeks of being available PM...
I'm really in an investing conundrum here...About 2 months ago I bought a house, well, manufactured home. Please read the details of that deal here. (It's the second deal.) This isn't a shameless plug for my site, I j...
I understand that once an investor has 4-5 mortgages, conventional financing can become a challenge.Is this the reason why certain investors, who are successful in their own right, seek partners—i.e., they need a part...
Hi fellow BP members, My husband and I are new to REI. For our first deal, we decided to focus on a 2-4 unit small residential property in Phoenix AZ, Orlando/Jacksonville FL, or Raleigh NC. Being a mom with a full-t...
This is actually pretty funny, because I posted a forum and spoke of how hectic my schedule already is.For those of you who didn't see that, I'm 23 years old. I'm a contractor for a large aviation company and make pre...
I have a tenant that signed a two year lease and is wanting out after the first year due to a pregnant wife. I discounted the rent from $1400 to $1350 if they signed a two year lease. I have a $1350 deposit. This happ...
Hello All, longtime reader first time poster ha ha.....My question is this, does the 1 or 2% rule apply here in the Seattle area? I dont see how it could, please read on. So this past spring I had an epiphany and ...
Im trying to do a subject to deal in california. The owner has a rental property. He is 2 months behind on his payment, he has been renting it out for more than 4 years. He owes $300k on it and the area comps for $300...
Hi BP community!My wife and I are purchasing a duplex in Atlanta. One side of the duplex has tenants that might stay after we close, the other side is vacant. We're moving into the vacant side and have two dogs, so we...