Hi - I've been interested in buying rental property for a few years, and lately have been looking into it more seriously (viewing listings, etc.). I just want to make sure that I have a good sense of the risks involve...
would it be legal to require applicants make at least 4X the rent monthly to be considered?ie rent is 1000 so must document that income is at least 4000 every month?also how could it be made legal, if possible somehow...
Hello,I would be interested in starting a thread where more experienced investors can share their real life experience as to why a syndicated deal they participated in (or not) ended up failing, and by failing I mean ...
Hello everyone,
I have set myself a goal to purchase a single family home or 4 plex by August 2015. I have a good amount of money saved up & was wondering if it's a bad idea to use your own money? Also when purch...
I own a house and I have one rental. I'm looking for a second rental. Will a bank give me a portfolio loan to buy a house? I'm looking at houses in the $80000 range and lower. Credit is like a 720. Can any banking pro...
- In 2015, my partners and I started our company and completed 2 single family flips. The first one we used day labor, handymen, a few licensed subs and lots of our own labor, all financed by personal loans and credit...
Hi BP, my immediate plans aside from purchasing a triplex to live in one unit with Rhode Island Housing were they have a program that finance 100% of loan, is to apply for a few Business credit cards (not linked to my...
I have a rental in a solid C area. A triplex. We've been marketing since mid-december. I've got a good applicant who wants to apply, but she states that neither her or the roommate have a bank account. They're young (...
I got a call from a private lending firm that deal with healthcare professionals. He stated he could lend me up to 100,000 interest rate according to Gross annual income and my Credit score. He said they are private a...
Good afternoon BP Members,I am in the process of acquiring my second buy and hold long term rental investment property. I am still undecided on whether or not to start an LLC at this point. For my first property, th...