Nicolas Yopp
FHA 203k - using my dad as general contractor
Hello all,We put in an offer on a house, haven't heard back yet and we should know by tomorrow. We are trying to get the ball rolling and get our contractors set up for bids if they accept our offer. I'm planning on ...
John A.
Emotional support animal for permitted occupant
We have a tenant who wants us to allow them to add a new permitted occupant to their lease that has an emotional support dog. Since the permitted occupant is not our tenant what rules do we need to follow in this situ...
Kirk Hayes
Maintenance for Independent Landlords
Hi, I'm just starting out as an independent landlord and have found the maintenance requests and sourcing of qualified maintenance people difficult. Is there a tool or service that can help me find people quickly? Rig...
John Eckerman
Should I sell?
Home value is 170kOriginal loan was $141,878 at 5.125% interest Current Loan balance $130,117Current mortgage $1,416Rental income $1,275 and great tenant of 3 yearsI think Im breaking even from the equity being put in...
Joseph T.
Buying Properties Already Occupied
What are some of the pros and cons of buying an occupied vs unoccupied property?The pros I can think of is you don't have to spend time marketing and showing the property. You are immediately generating income.The con...
Greg C
lease renewal
We have a nice family renting one of our SFR , been there a year and lease is up and they want to stay another year.
Can i just write up a quick letter stating that the same lease is renewed for another year term fro...
Matthew Leitch
Extra tenant - raise rent okay and fair?
A tenant asked if another roommate could come live with her. She lives by herself now in a 2 bed, one bath, so there is room for them both. I explained that they would be added to the lease and must pass all other bac...
Dan Bowe
How to underwrite core deals in this environment
Seeing the market in reading the big brokerages reports on the main metros I invest in, everyone estimate rent growth at 0% for at least a year or two. Expenses naturally rise with inflation - insurance, property tax,...
Chad C.
How does loan discount point work?
Dear, BP fellows,
I have been looking for investment property loan info for AL and recently get quoted with 30years interest rate 7.625% with 2.125 discount point. So for a property around 200k 20% down, right off t...
Mark Scarola
Rental Income Insurance
I don't have any rentals as of yet, but it's an area that I'm hoping to get into. I was reading an article (from the REI Expo magazine, if you're curious) and it mentioned "coverage against rental income interrupti...