Charles Smith
Consideration
Hi bp, quick question when going after a short sale what amount of money is normal for the deposit? It's not $10 bc I'm dealing with a agent so just wanted to get some feedback from the BP community. Thanks in advance.
Taylor Witt
1031 considerations
4 years ago I purchased my first house in which I lived in, and for the past 1.5 years I have rented it out.
My long term goal is to own enough properties where I can make this my full time job. I would like to work...
Tony Castronovo
Tenant Considerations
What financial qualifications do you consider when evaluating a tenant? Minimum credit score? Income multiplier (compared to monthly rent)? Debt:Income ratio? Other?
Josh Dean
Vacation loan considerations
Hello! I am looking to buy my first short term rental using a vacation loan. I know about the general requirements of 1. staying in the property some of the year 2. good credit 3. less than 45 dti. I would like to hea...
Kenneth Garrett
Lease Option Considerations
Looking at a Lease option to purchase and will rent out to my tenant. Anyone have experience with these types of transactions? Option fee is 10,000 for 125,000 purchase. What is typical length, does payment apply t...
Andrew Pettit
RE Contract Considerations
Afternoon, I am looking to borrow money from my parents and was wondering what contractual considerations I should consider moving forward. Thanks
Brett Woodall
Presidential Election Considerations?
Dear Smart People,As I embark upon my REI journey, it occurs to me that there is an impending presidential election this year that may or may not effect the outlook on the real estate market. I'm just starting out, s...
Nate Morris
Multiple Purchase Considerations
I am working to 1) ReFi our rental for cash out (on both mine and my wife's name) 2) purchase short term rental (seller financed) 3) purchase an apartment building. How does the lending and escrow process work on mult...
Timothy Ulbrich
Quitclaim deed considerations
I'm looking to buy my first investment property from a colleague by paying cash and pursuing a cash out refinance after a minor rehab and placing a renter. He purchased the property for cash approximately 2 weeks ago ...
Matt Edlin
New Construction considerations.
Site- I bought a buildable lot with potential mountain views in Kitsap County for $20k. Now I want to build a house on it. Site will require septic and well. Electric is at the road.Experience - I did a DIY flip of a ...