Steve Pickenpaugh
Pitfalls of converting current residence into a rental.
Planning to house hack a "plex " and keep current SFH and turn it into a rental. Other than looking at my mortgage to make sure the bank doesn't have a "must be owner occupied " clause , and getting rental insurance w...
Paul NA
Pitfalls/problems of purchasing detached single family homes?
I have typically stayed away from buying single family detached residence for investment, but currently have seen few deals worth taking a shot on. However, I am worried about the daily maintenance cost of it and wou...
Andrew Hinton
Government RFP's - Pitfalls & Steps to Guarantee Success
Company is considering bidding on an RFP for a government-owned, vacant city block. Our first time putting together a bid like this - Is it a worthwhile venture? Are there any pitfalls? Who has succeeded in a similar ...
Ben Martorano
Pitfalls Of buying common areas at tax sale
I am considering bidding on a piece of land at a tax sale. It is in a subdivision and it looks like a piece of land that was at one time a common area (or intended to be). My play would be to buy it and offer it back ...
Travis Fisher
Commercial loan pitfalls and are the terms reasonable
I’m looking to take out a commercial loan on a SFR this is the email I received after turning in all documents and loan request. Loan Amount: $160,000.00Max LTV/LTC: 75%Minimum Appraised Value: $213,333.00Rate: 4.50% ...
Jason Guinard
Pitfalls in a buy & hold co op?
New to REI, I have a seller that is willing to seller finance a sfh deal in a co op for $140k. Needs about 2-3k in touch up's I have the credit for other options, and about 70k equity in my primary. In the market it...
Josh Malenfant
Avoiding pitfalls of title issues in County Auction
Looking for advice on acquiring property through the county auction without having to spew out so much upfront costs to title companies for title searches. Any experienced members that have figured out how to keep exp...
Logan M.
Pitfalls of CAP Rate and Mobile Home Parks
CAP Rates can be a beautiful thing, they allow an investor to get a quick comparison of properties without digging too deep into the deal.When using CAP rates on MHPs I want to give a few warnings because there are ad...
Tony Marcelle
How to overcome pitfalls of subject to investing?
I am new to subject to investing. Like most people, my BIGGEST fears are the due on sale clause. Here is the other thing that bothers me. If the tenant buyer defaults on making payments in the subject to deal, then wh...
Joe Assad
3 Pitfalls to Avoid When Fixing and Flipping
The potential for significant returns has long made flipping houses a popular avenue for investing in real estate. And the current market conditions and low interest rates of late have made it all the more attractive ...