Andrea F.
Been using cash, time for financing...
Hi All - been using cash to purchase properties, but now may have to turn to financing to acquire more properties this year. My goal is 3-4 more single family homes this year (rentals, and perhaps a flip if it's the r...
David M.
How do I leverage Capex/Furniture?
Hi BP!Let's assume $50K in capx/furniture per property (vacation rentals) for this thread (most of the $50K is furniture).I am looking for some creative thinking on how to get additional leverage for that $50K besides...
Patrick O.
First time renting to tenants
Hi, this is my first time renting to a prospective tenant. The tenant will be living with two of his brothers, one on disability and the other is employed. Is it recommended that we run a credit and background on all ...
Nicholas Zeiler
Give me some advice on these closing costs. Thanks!
Hello,I would you all to look over these closing costs (all personal and bank info is redacted).The purchase price is 400,000 and I am putting 16k down. Closing costs are coming to 30k. That seems high to me but maybe...
Joseph Hammel
Future move tax implications.
Hello BP community. In a few years I may move to Wisconsin from Minnesota to be closer to my wife's family. All my rentals are in Minnesota. Most are in my name and a few are in a LLC in my name. The LLC ones just "fl...
Lenin Belangonda
menatlly disabled
Hi, I have an applicant with a 60 year old brother with mental illness. Applicants income, credit and rental history is good. It doesn't feel right to reject some one because of the illness and may be legally wrong t...
Kali V.
Can landlord use the rent money towards the damages in VA state?
hi My tenant vacated early (by middle of the month) but paid for full month rent, so i have 15 days of rent in my possession. There is a security deposit of 1month rent paid at beginning of the lease termAfter move ou...
Benjamin Jackson
Need some advice on a few deals
Hi I'm Benjamin,
I have a few issues I need to resolve.
What caused the issues is that I went into a deal with a partner and he corrupted the deal, my first new construction build. To make a long story short, I'm o...
Account Closed
Financing rental property
I was thinking about using an unsecured loan to obtain a rental property. Are there anything I should be aware of before I obtain it. Is it wise to do so. I've only use conventional loans in the past so I'm a little g...
Chinmay J.
Mortgage Rates for REFI..
Very simple question this time around.. What are current REFI rates for someone like me who has over 800+ score.. The ratios fit just fine. The property is owner occupied. I am being quoted 4.3%. When I asked the len...