Faysal Alam
Feeling stuck. Analysis paralysis .help please
22 January 2020 | 21 replies
21 years ago, I did EXACTLY what you mentioned in your first post.... bought a 2 family building in Brooklyn, lived in the basement and rented the other 2 apts, did not have cash flow but at least broke even.Back then, I bought the property for $340k with a Mortgage of $272k, fixed.That Mortgage is nearly gone and 21 years of rent appreciation has given me a very decent cash flow as the rents rose way above my mortgage and other expenses.This is NYC, it is normal for Market Rents to rise very consistently for a long period of time, barely dipping.That house is current worth $1.7 Million conservatively.
Precious Thompson
Friend is a Motivate seller
22 January 2020 | 9 replies
Chances are listing it on MLS and selling it to a handy owner occupant is her best case scenario, but exigent circumstances could exist.
Lisa Velasquez
Can I obtain a license with a misdemeanor?
21 January 2020 | 1 reply
Is there any chance of me obtaining my license?
Hunter McCook
Need some beginners advice
12 March 2020 | 25 replies
@Paul Rush is it by any chance free?
Joseph Back
Can I get Mortgage on Property I Sold on Land Contract
23 January 2020 | 3 replies
A new or larger underlying loan increases the chance of being unable to fulfill this obligation.As the holder of legal title, you are theoretically able to pledge the asset to obtain financing.
Kalen Jordan
Property managers aren't very active on BP forums
24 January 2020 | 28 replies
They scrape along doing the bare minimum until something blows up and then they slink off.
Mike Jacovelli
Is it really worth it telling people your real estate goals?
12 February 2020 | 95 replies
They say that announcing your goals to others increases your chances of success for achieving your goals.
Richard Kelly
Solar panels or Nah?
17 September 2020 | 35 replies
@Matthew Fassett I guess I will take the chance and keep them.
Uju Anyanwu
Prospective renter has class C misdemeanor
26 January 2020 | 12 replies
If the property has been sitting vacant for 45 days and this is the first glimmer of interest you have had, then I might take a chance.
Jeffrey M Rauen
SFH Rental in Orlando, FL
25 January 2020 | 3 replies
That opens up a can of worms with fair housing laws, but also gives me a chance to make sure everyone gets along and POTENTIALLY convince prospective tenants they wouldn't be comfortable so they chose not to pursue an application.My other way of preventing tensions between renters is to target my advertising.