Ryan Mattson
21 Year Old with stable income and father looking to invest
Hi all,I'm currently living with my father in an apartment in the Bay area, California. I'm quite interested in closing my first deal for a home, but am at a crossroads. I only personally have around $10k in savings, ...
Kevin Tarver
Personal loan vs lender
hey I'm thinking using a personal loan to finance my first investment about 50k Then take my down and pay for any extras. I wanted to know anyones thoughts? Thanks.
John Maloney
Inevitable short sale or foreclosure.
Hey BP, I am wondering if the is anyone who can give me some advice on my inevitable foreclosure or short sale of my current residence and bankruptcy. I'm trying to weigh my options and trying to figure next step.
...
Brian Christoff
Does each person on lease pay and get background & Credit checks?
I hadn't thought of this until asked tonight. Should I require each person that would be signing the lease agreement, to submit for and pay for a background and credit check? I'm assuming so. However. That means, I...
Andrew Arthur
Another DSCR Question - Better with LLC or in Personal Name
Currently a W2 employee, own two properties and ready to purchase a third but my DTI will not allow it. From my understanding and research the DSCR Loan is the only way in my situation. However, is the better strategy...
David Houghtaling
New to BP..Spent over 60K on "Guru" programs...Now What???
Hi guys! Just a little background...I seriously want to get into real estate investing to create a legacy for my family and long term wealth. That being said...in my past I have had some challenges. I spent thousa...
Scott Arno
New LLC purchase power?
Hi everyone,I'm starting out in real estate and I'm going to create an LLC. I don't know a lot about entity structure yet - still in the learning phases, but would a lender finance a new LLC with no credit history for...
Gerald Dougherty
Finding tenants / completing applications
Hi! we closed on our first rental properties earlier this month and are listing them through RentRedi, Zillow, and FB Marketplace. We used rentometer and BP calculators to determine appropriate rent, and are slightly ...
Harris Pantlik
Credit and Background Checks
Hi All,
I am planning to close on my first rental property tomorrow in North Charleston, SC. I purchased the property with 5% down. It is actually two homes on the same lot that I plan to separate with a fence. ...
Travis Timmons
Tenant Screening - Fraud Indicators
Had a new one pop when screening a tenant today. Credit score is 771, criminal and eviction history are clean. Email correspondence has been normal...no red flags on that front. The credit history report had the follo...