Chris Jurgens
First Duplex! Anything I am missing?
Hey BP! So, I am starting the process for my first duplex. This will only be my second property so any input or recommendations are welcomed! Here are the details:Duplex built in 1920 Purchase price is $75K taxes are ...
Redha Laafia
Contractor Rehab Estimate Help!
Good morning Guys!We’ve started our journey in REI with my partner and are actively looking to get our first deal (SFR - 3 bed 1 bath).We look at a ton of deals on the MLS everyday and pre-select properties that we wa...
Achraf El Churafa
My 1st Acquisition in Cleveland Ohio ! - Property Tax question
Hi All I just acquired my 1st 6 unit building in Cleveland Ohio, I have a property tax question. I acquired the property from an owner who owned it since 97. The market value (in county records) is 120K but the assess...
Davit Gharibyan
Redemption period sale
Hi, I received a call today from one of my direct mail campaigns. The gentleman told that his house was foreclosed and he has a redemption period till 06/05/2016. The house was sold on auction for 120K. He said he wan...
Ben Cochran
First time landlord
Hi all,I am a first time landlord, here in Colorado. I just closed on my first duplex and I am moving into one side.The opposite side has tenants with a one year lease. During closing, the previous property manager me...
Patrick Boulanger
Myrtle Beach South Carolina Lease Option
We are challenged with structuring a lease option on the property that is market driven for the area.The home was analyzed at $250K. The rental market is $1700/month.What are the formulas for this area that will maxim...
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recovering earnest money
i wonder if anyone can talk alittle about recovering earnest money. my particular situation was, a contract was signed, i put down 1000.00 for earnest money. when the closing date came, the contract expired, and we di...
Gabe G.
worthless apprasials when getting financing
Anybody else, when using financing to buy a rental property, usually HUD/VA etc, find their lenders appraisers will only appraise the property no matter what the market/comps say, for right around the selling price...
Marc Faulkner
Another One Bites the Dust!
Call comes in this morning for a mid 1990's 14*76 box, 3 bedroom, 2 bath vinyl/shingle with central a/c, stove, refer, washer, dryer, newer carpet and paint, on a private lot, vacant and ready to roll. The home is lo...
Krishonda Johnson
Financing contingencies but using cash
Hello bigger pockets buddies. I'm currently reading "The book on negotiating real estate" by J scott, Mark Ferguson and Carol scott. I had a question about the assignment contract (the contract with wholsaler and sell...