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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Salt Lake City.
Purchase price: $400,000
First property and deal – scored an off-market SFH with a mother-in-law duplex. Hopin...
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Our next real estate investment is our own house we’re build on land we own in MN using Landmark Home & Land company that provides full service support to owner builders with their kits from design to permitting t...
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I am in the process of trying to get pre-approval to purchase a rental property. I do not currently own my own home so this is the first time I am going through the process. My question is should I try to get approved...
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My wife and I are purchasing our first rental property and we have a few questions. #1. What do we charge for a rental application fee?#2. How do we check the tenants credit report?#3. How do we check the criminal his...
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Hi BP Family,
I have a client with bad credit history who wants to purchase a home.
Where can I send them to fix their credit?
Also any good FHA lenders in the Illinois area?
Thank you
I bought a new investment property a few months ago, and the lender mailed my mortgage bill to the investment property and not my primary residence. I have numerous properties so I lost track of it for a little bit, ...
How would you leverage $500k with as little down payment as possible on each property? I’m familiar with house hacking but you can only do that once a year with an FHA loan. I recently discovered the 80-10-10 What oth...
I have a rental in Florida. I just accepted an application and starting to prepare the lease. When screening them I was under the impression it was just a married couple and a dog. I have just learned that they have 3...
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Consider the first deal I did in multi-family.....
I invested $350,000 to buy a $1.95 million, 48 unit complex. I can't lose my money as it is invested in the property. Because of leverage, I was able to buy a $1.95...
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QUESTION: What does the approval process look like when commission makes up about 15% of your income, and the rest is a base salary? I’ve read that when commission accounts for 25% or more of one’s total income, lende...