Giganni Lopez
Do properties need to be in "good" condition in order to be financed?
I'm a Miami realtor looking to purchase out of state. First time home buyer wanting to use FHA 3.5% or conventional 3%. I'm finding a lot of properties in Ohio & Illinois for less than 100K. They need a lot of wor...
Joe Ebanks
How to make sure of clean title before bidding at online auction
I am interested in bidding on property at an online website. Im trying to make sure the title of the property i want is clean. It is an akron OH, summit county. How can I research this information online so I can safe...
Jonathon Nila
FHA 203K loan- What do you know?
What’s Up BP Community! Originally I have been approved for a standard FHA loan through a loan officer I met on BP for a duplex to house hack. I want to explore my options towards the Limited 203k loan as a first time...
Lamonte Evans
Just a guy looking to rub shoulders with a few lenders
Hello All,
I am a So California based investor , interested in creative financing and building relationships with lenders and like minded investors. I have come across a number of strong deals but did not hav...
Eric H.
How did you convince your spouse to house hack?
Great morning BP Fam,How did you get your spouse to consider house hacking? My wife is not with it at this time. She wants free range to her whole house. I'm considering renting out my basement to help with our housin...
Robert Burns
Prohibited Transactions in Self Directed IRA's
I need some input regarding a Self Directed IRA. If I bought a mobile home or other property through that IRA and collected the lease payments from a lease purchase agreement and paid the federal and state taxes woul...
John Chapman
Reduced rent for good and long term tenants
How much of a discount do you recommend for longer term renters that are good tenants? Should you keep the rents up to market or nearly so or give your longer term tenants a substantial discount (10% or more). What ...
Joe M.
How to pay for my next house. WWYD?
So this is def still a newbie ish question...but trying to figure this thing out one step at a time.Here is my current situation. Would love to hear what you would do and also why you would do it so I understand your...
Ilya G.
Using cross-collateralization as a method of down payment
Hello,I have several SFRs that have lots of equity in them and I wondering if anyone used a method of cross-collateralization to pledge the equity as collateral, thus avoiding doing a cash-out refinance or HELOC. It s...
Travis Dumont
Best Property Management software to use??
Hi All,I'm looking for some advice on a property management software. I currently have 5 properties; 7 units. (1 office building, 2 duplexes, and 2 single family homes) I am currently pulling a line of credit out of m...