7 June 2018 | 8 replies
I got involved in Fixing and Flipping houses as a result of the leads I got from my "refinancing" clients way back when.
23 May 2018 | 2 replies
I assumed all buildings in MA were smoke free.I called the prior management/HOA and they essentially told me I have no recourse even though it lead to my tenants leaving my rental.Any advice on action I can move forward with would be appreciated.
25 May 2018 | 9 replies
Checking local code requirements is essential.A comparison of a residential (1-4 unit) property to an apartment block is mis-leading.
30 May 2018 | 17 replies
Can you explain why increasing debt/mortgage (Cash-out) that will ultimately decrease your cash flow in that unit is better than just letting that equity sit to obtaining a higher cash flow from rent?
30 May 2018 | 9 replies
The reason that I’d start there is that it could lead you to your answer of duplex vs. 12-plex.There are more than a few markets where you couldn’t pay me to own a property...
27 May 2018 | 9 replies
Let me summerize my situation so its a little more clear (i may have burried the lead in my above post)The problem statement: His income is how they qualified (she had none)He wants to stay in the house and wants her to move outShe wants to stay in the house and wants him to stay (reconcile)Both parties want to stay in the house but one party wants the other to move out.From a legal perspective they are both on the lease so I cannot require one of them to move out and they need to come to an agreement between the two of themThanks again!
28 May 2018 | 7 replies
Asking Price: $125,000Gross Scheduled Income: $15,900/yearLess 5% Vacancy: $795 Operating Income: $15,105Less Operating Expenses: $7,630Insurance (1% of purchase price): $1,250Property Taxes: $815Management Fees (10% of scheduled income): $1,590Repairs and Maintenance (5%): $795CapEx (10%): $1,590Misc. (10%): $1,590Net Operating Income: $7,475Less Debt Service: $681/month, $8,172/year (assuming a 5% down payment on a 4.5% mortgage, with .8% PMI)Cash Flow: -$58/month, -$697/year
25 May 2018 | 8 replies
The only thing the super lien accomplishes is that any HOA lien/debt Remains attached to the property after a mtg foreclosure.
29 May 2018 | 1 reply
Hi BiggerPockets Nation,I am currently looking for my second buy and hold deal in the Hampton Roads, VA area and I am wondering if anyone has advice, leads, general information related to new construction in this area.