Aly W.
Tenant's security deposit from Social Services has been declined - now what?
Hi folks,
I have a rental property that I was given a deposit to hold until on or about June 1st. The deposit was $500, credited towards the total security deposit, and the tenant told me she would be getting the bal...
Nick Hosmer
Struggling with debt to income ratio woth banks.
Hello everyone, I live in upstate NY with a very good rental market. I currently own 2 rental property’s, along with our home now. My rentals cash flow pays for all 3 mortgages with a couple hundred left over. I’m cur...
Christopher C. Welber
Only 40 days to Secure Financing - HELP!
I need some LTV lending and bank referrals and guidance.I'm in a crunch... I just got out of attorney review on a property in Piscataway, NJ. I thought I would be able to finance a 418K property with 20% down that's l...
Ken Primrose
Anyone ever encounter Reverse Amorization on a commercial loan?
Anyone ever had a commercial loan that each month increases your payment of interest and decreases your principle payment on a fixed rate mortgage? I caught this from my bank and they told me the bank doesn’t set the ...
Nick Scapellati
Help me analyze this deal.
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Drew Prawel
Changing address on HELOC statement
Hi BP community - first time investor/participant here, so I'm not sure this post is in the right place, but here goes:I got a HELOC on my previous primary residence which is now my investment property to use as a dow...
Adam M.
BRRRR currently occupied with tenants
Looking at a BRRRR with tenants leased till end of July 2017 in a college town and in a solid rental neighborhood. So would need to get tenants out and have enough time for rehab, releasing, and occupied by August. Gi...
Eli Epstein
Property Manager Contract
Hi Bigger Pockets community. I am a new real estate investor. I am reviewing the contract the property manager sent over and I would like some feedback from you all if these terms seem fair. Being that this is my f...
Alex Cottman
New eSign Option on EZLandlord Forms Website
Has anyone used the new eSign option that is available for leases on the EZLandlord Forms website? It came up when I was creating a new lease. Customer Service says it's a new option available just for leases. They ...
Davion Malwah
Is this realistic?
I was doing some newbie number crunching and came up with this:
50 Units $1,000.00 per unit
Gross Monthly Income- $50,000
60% Mortgage,Insurance,Taxes,Misc.- $30,000
Net- $20,000
Are these numbers accurate?