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20 January 2025 | 62 replies
I’ve been in contact with the Better Business Bureau about them cut your losses and go the other way.
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5 February 2025 | 16 replies
If the agent is not working out for whatever reason, cut the tie and move on.
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19 January 2025 | 8 replies
Would the 9-year balloon concern you, knowing you'd need to refinance or pay off the balance at potentially higher market rates in the future?
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21 January 2025 | 6 replies
I tried to work with my tenant but they cut off all communication with me and wont respond to anyone.
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27 January 2025 | 35 replies
It seems like anyone can post anything without accountability—very concerning.
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19 January 2025 | 1 reply
I’m wondering what all I need to provide my tenants with this year as far as taxes are concerned.
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23 January 2025 | 4 replies
That’s our concern about it penciling out on paper but the reality might be that it ends up costing us money.
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30 January 2025 | 6 replies
I figured this could possibly put me in a good position for a cash-out refinance when I’m ready to move on to a second property.If I stick within my budget, Philadelphia seems to offer the most housing availability, but I’m concerned about most houses available being in rougher neighborhoods.
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21 January 2025 | 1 reply
I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?
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19 January 2025 | 2 replies
I'm more concerned about the drip-edge/ flashing on top of the roof.