Eric Fortin
Advice for originating non-income loan using home as collateral
Looking for advice on how to obtain a secured (using property) non-income verification type loan for the purposes of renovating a non owner-occupied second home that is owned outright in order to to turn it into a sho...
Lake I.
Cash Out Refi - Can I do it right away on a good deal?
If I get a home for a STEAL can I refi right away to get, say, 7k which was the down payment? Can I have an appraiser check it out before the bank?
Account Closed
Rejecting applicant based on income
Hello - I am about to reject a tenant based on income (applicant's income is 1.8x rent). My listing says 3x rent required. I want to to be as polite as possible - if I say "unfortunately you don't qualify based on in...
Torrence L Stump
Need hard money lender with 100% financing/ no income ver or W2's
Hello to everyone on the BiggerPockets platform. I'm looking to do my first investment deal using hard money. I have currently been in school for the last few years. During this time, I have work a few dead end jobs h...
Ben Cochran
Who fills out the rental application after an open house viewing?
I've looked for this particular question and can't find it on the forums so I apologize if it's been asked and answered elsewhere. I bought a duplex, live in one side and renting the other. I'm holding a open house vi...
Jeremy Williams
buying a duplex, conventional loan requires reserve account?
looking at a duplex and just received a call from a loan officer/broker stating I'll need a reserve account with x amount of money in it since I'm planning to to rent out half the the home. I was going to do that o...
Chanel Bostic
LLC for a househack?
Hi everyone! I recently purchased my first property and plan to house hack it. It is a Duplex located near Johns Hopkins University in Baltimore, MD. I am unfamiliar with how the tax process works for rental units, an...
Deborah R.
neighbor complaining / tenant LIED about dogs
What should I do? Tenants said they had one 20lb dog which did meet our explicit breed restrictions. Just received a letter from neighbor complaining about their dogs - one of which is a doberman pincher which is no...
Jake Goehring
If Selling Using Owner Financing, What Am I Entitled To?
Hi All,
Here's the scenario:
I have a house I'm selling and will agree to sell owner financing. So, what am I entitled to ask of the buyer? Can I ask for:
Tax returns?
If they're self employed...
David Pupo
Investor from Central Florida
Hello Everyone,My name is David I'm from Orlando,FL and I have decided to actively pursue my interests in the real estate industry. My full time job at the moment is an engineering recruiter for a company called Aerot...