Hi BP Members! I am currently looking to purchase investment property, and have been pre-approved with the credit union of which I am also a member. The loan package has a very favorable interest rate as well as addit...

Hi all,I've been advised to add a clause in my lease stipulating that tenants pay for a portion of repairs. The idea being that such a clause will prevent them from calling in repair people without thought. Historical...

I'm considering placing a reservation for a pre-construction condo in Bellevue, Washington. I'm familiar with the process of analyzing multi-family investments (& own quite a few), but would appreciate some though...

Hello everybody,I am about to get my very first mortgage here in Houston, TX. What is the best strategy to get the lowest interest rate possible? I should be getting a classic 20% down for 30 years.I feel like going f...

I have an issue with an A/C unit we had installed last year. The compressor is already fried supposedly because the install tech didn't wire everything correctly. The service company that came out wants to set me up w...

It's my understanding that using seller's cash-back is fraud when you are inflating the price beyond market value. Here's an example:Scenario 1
FMV: $300,000Sale Price on Contract: $350,000Cash back from sellers for ...

Dear BP'ers I recently am closing on a duplex (end of July) and the side that was previously owner occupied is in decent condition. I plan on just adding new hardware to the cabinets and tearing up the carpet to put v...

🤔 I was wondering if an investor can minimize capital gains by doing a cash out refinance before selling the property. Let’s say I have $100k equity in a rental. The property is worth $200k. I do a cash out refi and g...

Hello everyone,I am an investor and current have a portfolio of 3 residential properties (1-4 unit) that I have purchased leveraging the BRRRR strategy.  They have been successful thus far, however I have been looking...

Hi all,Not sure if this is the right place for this, but figured I'd start here.  We're coming up on the 1 year anniversary of our first AirBnB, short-term rental.  We're in a seasonal market and since closing, we hav...