Brandon Kegarise
Owner Financing Deal
Good evening. Been a member of BP since about 2018, BUT never posted. Brief background, currently have 2 SFH rentals that cashflow (270 & 370 per month). Slightly under-performing in my opinion, but have have p...
Corey Law
Purchasing my second multi family property
I purchased my first property on an FHA loan a couple years ago, a 3/2 & 1/1 duplex in St. Petersburg. Now I am wanting to house hack my second multi family property. But I am not sure what my best option is. Shou...
Inna Le
Garage Conversion Legalization in San Jose, CA
Hello BP Community!
We are trying to legalize an attached garage conversion in our investment SFH in San Jose, CA (converted 10+ years ago and purchased as is). In light of the recent changes to legislation we were ...
Philip L.
Structuring a deal - What are my options?
Yesterday I agreed to purchase a house in Michigan sale price is $110,000
The seller is asking that I pay $40,000 upfront to eliminate the current mortgage then the remainder $70,000 on seller finance for four years ...
Satyam Mistry
Turnover time between Tenants
What do you average for on turnover time for single family rentals?
My single family properties rent around $1000-1900. I do not like showing prospective tenants a property until it has been vacated, touched up, and...
Laura Verderber
How many months of reserves do you keep?
Landlords, do you keep 6 months of reserves, or an entire year in cash? Whenever I have a chunk of money, I feel like it's begging to be invested. I hate letting money sit around becoming less valuable due to inflatio...
Kate C.
Timing for Cash out Refinance on Rental Home
Any insight into cash-out refinance rates on rental properties? Are there any Covid-19 related impacts of rates for new loans under 519K? I am considering taking out 150K cash to reinvest in a home worth 800K- curren...
Kevin A.
Increased salary, temporary employment & effects on mortgage
I'd like to get some input on my current situation before moving forward in meeting lenders for my first purchase which would be an owner-occupied multi-family house.Early last year I got into a Union which operates a...
Ivan Correa
To take my equity or not... that is the question?
Hello guys i have a question one of my properties is a two family with a studio added on the basement as well, i don't know what it is currently valued at but I'm sure it's valued for more then what i purchased it for...
Danial Qureshi
Accounting Software & Deal Aquisition, help?
Hi everyone, I bought my first property June of 2015 for $139,000 with closing costs, as of January 25th 2017 my condo has been leased at a Fixed Rate of $1500/month which will net me a little more than $16,500. Curre...