Brendon Bourne
Closing Day Best Practices - Inheriting Tenants
Hello. I am closing on a 3 unit multi-family today and am inheriting 2 tenants (one section 8). I wanted get advice for best practices on for day 1 landlording as this will be my first time being a landlord.Any sugges...
Christopher Winkler
When Is A Re-Performing Note A Performing Note?
We are marketing some Re-Performing 2nd lien notes for one of our funds we buy from, and I consider any time a note defaults and starts paying as a Re-performing note. They have 18 months of "seasoning" and they say i...
John McDermon
Late fees in CA
I have a tenant 1 one year into a 2-yr lease in a 4 BR/3 Ba SFR in SoCal. He's a good tenant as far as taking care of the property and not complaining about the little things. But, recently he's begun to pay late. Th...
Nicholas Sheridan, Jr.
FHA vs Conventional Fourplex
Hey everybody. I want to start looking at financing for a fourplex property in NJ and I am stuck on the fence between FHA or Conventional financing. This would be my first time buying a house and I am looking to house...
Rob Young
Seller Financing Available, But Not Sure If This Deal Can Work
I talked with a pretty desperate seller yesterday. He is willing to let me use his existing financing to purchase his home so he can stop worrying about it. However, I'm not sure that this deal can work. I'd appreciat...
Walmsley Gedeon
How do you get to the second property after acquiring the first?
After securing my first multi unit under FHA how do I purchase the next property without having the funds to renovate a new acquisition? I'm trying to gauge my steps and I was wondering how do I keep this momentum per...
Phillip Gonzales
Section 8
Hello so an interesting subject always in my head is should I rent to section 8 or some other form of government housing? I know its a guaranteed rental income, but it is worth the hoops you have to jump through can s...
Stormy Hollingsworth
FHA loans?
I'm wanting to invest in a duplex. I have just started investing so I have little money and no credit. Could anyone tell me how a FHA loan can help. I read some about it on other forms, but wasn't quite understanding....
Sam Sand
Primary Residence - Rehab loan - 203k
Morning BP,
I need to find a primary residence. I want to find a fixer upper. I originally thought I would find a, owner occupied conventional loan for purchase then hard money for the construction then refinance onc...
James York
What did your finances look like?
I’m interested in multi family in the $1-1.5m range. One lender said I don’t have the personal income to support this (150-160k). I haven’t dug in to this yet or called other lenders, but I’m curious what other people...