Robert M.
Tenants who move in other guests without concent
Hello All,In the past I have had issues with tenants applying to live in the apartments as a single individual. Later to find out that they moved in their boyfriend/girlfriend without written consent. However, this is...
Allan Wu
Don't fix what is not broken or pre-emptively fix it before it can be broken?
Hi BP -- I'm currently working on my first House Hack. I'm debating whether or not to fix old sewer waste pipe. It is a huge ticket item and can eat ~30-40% of my reno budget.Today I did a walk through with plumbers a...
Chris Gomes
DYI rehab vs. hiring a contractor
I am closing on a property in Denver this month that is completely rehabbed. It is a SFH with a basement mother-in-law unit. The top is a 3/1 and the bottom is a 2/1. I am planning to add in an additional bathroom on ...
Account Closed
First Cash Out Refi Deal
Hello BP, I'm currently working on my first cash-out-refi deal with a portfolio lender. The bank will give me 80% ARV with no seasoning period - just need a valid lease. My private lender is a close friend who is ch...
Kiko Mattoso
Profit to pay new mortgage
Hi everyone. I own one Airbnb. I want to buy the second, but I am afraid it’s going to be hard to pay for two mortgages, with only my 9-5 job. Should I use the profit of my airbnb to help pay the monthly installment...
Kalo (Kyle) Atanasoff
Recommended yearly maintenance for SFR?
Hello BPs,I read an interesting article for pest control - and it come to my mind - how many of you have a pest control service maintenance as a yearly line item maintenance on your rental properties? If you have a S...
Phil Deshay
Is it possible to refi with good credit but high DTI ratio
I have dealt with a couple of lenders whom have told me initially they could get me refinanced but it came down to the same thing each time, which was everything looks good except my debt to income ratio is high. This...
Mike Malyy
Mortgage I am not liable for counted in my DTI
Hi,I am a still a small time investor and still work my W2 while I try to build a portfolio. I am currently running into an issue with some lenders which prevents me from acquiring financing. I own an investment prope...
Account Closed
Why do some 1st mortgages prohibit a 2nd mortgage?
I've noticed this in several 1st position notes but never fully understood why. I have some ideas but am curious what others think.
Bobby Korey
Foreclosures predicted for 2008
There were 47,171 foreclosures on California properties in the first quarter of 2008. The figure for the same period last year was just over 10,000.
An increase was also reported in the state ...