David Lund
Desolately Need Help; My income doesn’t count towards FHA loan
Hello all,
My girlfriend and I are trying to get a $250,000 FHA loan for a duplex to house hack. We didn’t think it would be any issues at all because combined we make enough for that loan amount. After going through...
Lafi S.
Getting money to the homeowners after SS
I came across this agreement that basically states you, the buyer, agrees to purchase from the seller their personal property. I thought that this might be a good way for homeowners to make some money from investors w...
William Kuczmera
Is Cashing out my 401k to buy a duplex a good idea ?
I currently own and live in one side of a duplex I picked up just over a year ago. I am anxious to purchase another. I am strongly considering cashing out my 401K in order to be able to afford the 20% down payment tha...
Ton Ratana
Can I use my LLC to manage rental properties it doesn't own?
I just got my first rental property, the mortgage is under personal (myself). I then started an LLC to do property management on it.I plan to use this LLC as a landlord to do contracts with tenants and collect rents,...
Alex Waite
When is living with parents too much?
I want to start a discussion about millennials living with their parents. In the past, once people graduated high school/college they moved out and it was socially embarrassing living with your parents. Now times have...
Ally Kumar
Inheriting a long term tenant that is paying late but catches up
I am buying a duplex and inheriting a tenant that has been there for 4 years, a single mom. It seems she is usually late with rent payments but catches up within few months. She is otherwise good tenant and keep her u...
John Stewart
Purchase an existing rental business, plus acreage to build on
Hello BP,We found a deal that could be a fantastic buy. The house is rather large, comes fully furnished, sits on about 3 acres and has been a successful STR and events venue. In addition to this property, there is ...
Derrick Mitchem
About to finish high school. I Need Advice!
Hello everyone, my name is Derrick I am currently a senior at Anderson high school. I have done a good deal of homework when it comes to real estate investing but just like any journey I must begin with the first step...
Steve Dorman
Entrepreneur at heart...looking for a new start
I figured it was time for me to introduce myself to the BP community. So here I am. Background:I am currently 30 - living in a cold, non business friendly state. I am spending my time and energy operating three separa...
Matt Ryan
What "Personal Touches" Do You Offer Your Tenants?
Greetings!
Like many BPers, I own a few rental units (2 4-unit buildings) and manage them myself. I run my business professionally, I take good care of my properties and like to think I treat my tenants well. I belie...