We just got a HELOC approved with Wells Fargo for a borrower that has over 4 mortgages. We started an application for another HELOC and they said that their rules have recently changed.
Just so you know..
So, I'm gearing up for my first BRRRR - IE: working on getting some $ together, and searching for potential homes. Ideally, I'd like a 2 - 4 family. I'm having some problems wrapping my head around a few of the BRRRR ...
I have a tenant who's always paying late, but this month he's already behind December and January. He's a good tenant, keeps the house clean, does not ask for many things and does some repairs himself. He says he will...
I am a High school teacher in San Antonio Tx, and I have also consulted and flipped over 30 businesses in the general area. I am moving into the REI field and have learned SOOO much in the past month from bigger pocke...
Hi,
I'm in the process of purchasing my 2nd property. It's a 3 family, 4BR ea. Rent is 1150ea, numbers look very good. All tenants are section8. The property need minor TLC and I am willing to do the repairs.
I was i...
What are the benefits to have month to month vs a year lease? I have someone that wants to stay a year but I am not wholly sold on this prospect. I would also collect 2x the security. Thoughts please?
Hello BiggerPockets community, I’m 20 years old and have been saving diligently since I started working. I’m now at a point where I feel ready to start investing in real estate. My plan is to purchase a house hack in ...
Hi all, My tenant (inherited from the previous owner) is requesting landscaping services although it clearly states in his Lease that the yard upkeep is his responsibility. I informed the tenant of this and told him ...
Hi. My life seems it’s at an inflection point. I recently lost my job. I need to quickly and soundly and carefully determine how to regain some cash flow income stream, potentially utilizing two homes I own. My husba...
I am looking at purchasing a small 22 unit MHP mostly owner occupied. The seller sub metered the water about a year ago but has tenants who have yet paid their bill. When I purchase I will expect that all tenants pa...