Drew Campbell
Buying out of state with 5% down
Is it possible to buy properties out of state with 5% down? I keep on hearing people say that you're typically going to want 20-25% down for an investment property but is it still possible to do 5%? Would a piggy back...
Mark Belenky
What to do with new tenant who submits rent past agreed due date?
I have a new tenant of two months and as of now has submitted rent payment past the due date of the 1st of the month but, prior to the official "late date" of the 5th. We're definitely not off to a good start but, I ...
Ben Backman
1st investment idea: fourplex
So I'm about to graduate UofU in mining engineering in roughly a year. Upon graduation and saving up, I think it would be smart to invest in a fourplex, living in one of the units. I don't have much of a credit score,...
Charles Han
FHA Loan versus 5% Down Conventional Loan
Hello everyone,Fairly new member (and overall investor) here looking for help. Thank you beforehand for any advice!I have the opportunity to get into a duplex with either an FHA loan at 3.5% down or with a conventiona...
Clifford Datan
Structuring the deal
Hey all, my wife and I are looking to purchase our first investment homes and will be out of state. We are currently pending on our HELOC that we will be using to fund the down payment of which will be coming sometime...
Sonu Sharma
Collecting rents from tenants
Hi all landlords,
What are the different no cost/low cost ways to collect rents from tenants ? Planning on kicking out my Prop Mgmt company and save some green !!
I read about PayPal but for some reason am not a fan...
Jorge Adarraga
Can my first house hack be a single family home and my second be a multifamily?
I recently met with a lender and this topic came up. The lender recommended I do not start with a single family home because it will raise questions from lenders when it comes to house hacking my second home. Lenders ...
Michelle Santiago
30-year of 15-year Refinance
Hi BP Masterminds :)
My husband and I will be refinancing our first rental property. However, we are not sure if it makes sense to do a 30-year or a 15-year mortgage. We really like the idea of owning the property ou...
Susan Authement
Credit Score 400;s, no job, no home and no end in sight. How I am reversing it all
This is very long. It goes over in detail what happened to me, what caused it. How i came to buy my first home and why desperation caused me to think out of the box for a solution to repair my life and the steps i did...
Taylor Ullmann
First Purchase - House hacking in Austin
Hi All, I have started looking around Austin for a place to live after graduation this spring. For the past four years at UT, I have been renting, paying +$850/mo to share a room in a five bedroom home near campus. S...