All Forum Posts by: Edward P.

Hi  BP,

I just purchased a new 4-unit property which has a duplex and 2 single homes. My insruance will not insure the buildings together they will insure them if they are separate insurance. Do you have any ideas?

Thank you in advance.

Hi BP,

Is there an excel sheet anyone uses for contact information, banking debits/credits etc. I am making as I go but was unsure if there are a few things I am missing.

Thanks!

Hey @Chuck Masters ,

I completely understand how rates have many factors but just like how bankrate.com has an refi or mortgage rates how is it that they do not have "investment" rates? 

It is correct that investment rates are higher than owner occupied. 

Thank you again!

Thank you I am new at this.

I do  not see investment properties is there something I am missing.

Thanks again.

@Anthony Dooley

I am in multiple properties like this but its all based on the partner if he/she will help you grow or make life worse for you. But unless you go through it then you wont know those factors. @Michael P.

@Michael P.

@Michael P. You could try to do seller financing.

Hi BP,

Where can I see the current rates for fha, owner occupied loans. Is there a website to follow these rates?

Thank you.

Hey Kevin. I have not built anything but I can tell you I was going to but the loan company would give us a loan until the property was paid off. 

Hi,

Having a two+ bedroom is best because of families, newly weds probably wouldn't look at anything near a school per say. Keep your options open.

@Alon L. I spoke to someone from HUD they mentioned this is not a practice they allow and its complex to do.

I did want to ask is it ok if I have all tenants sign a new lease with us? The previous landlord has a 2 bedroom lease but its really a one bedroom.  Any recommendations?

No not yet. 

I just spoke to someone in housing they mentioned that the "discount would not work at all." I would still love to hear what @Alon L. has to say