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Hello. I am looking to purchase a home in Bayville, NY. The home owner agreed to sell me the house for $600,000 via owner financing. The problem is that he owes $550,000 on his mortgage. How does this work? Any feedba...
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HelloI filed eviction not too long ago, called lawyer office today.found out bad tenant got answered.I cannot believe she gave me bounced check for security deposit and prorated rent.What kind of answers she can do? s...
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Have there been any horror stories about renting out in-law-suites that don't have a separate address? I'm contemplating renting an in-law-suite that doesn't have a separate address. While I know many people do this w...
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Whatsup y'all!So I'm pretty excited about making a splash in REI and wanted to share my 5 Year plan and hopefully have some of you pro's critique it and provide sound advice. I've got a great realtor, property manage...
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I am sure this was probably answered somewhere on this forum, but I was unable to find it.I took out a HELOC for $51K, and have payed IO payment on it during all of 2018. Not sure exactly what I used this money for, s...
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(I posted about this in another Discussion board. Interested to hear what others in this board has to say, too. Thanks!)Hi BP friends,I have 1 rental property that I paid all cash for ($150k). Right now, I'm looking t...
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I'm taking over the property management for my mom and, for one of the units, the tenant is subletting. Apparently, in our lease we do not allow subletting. The subtenant is very dirty, refuses entry into his room, an...
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I know some of the below variables vary depending on your geography, but here in Texas DFW area the estimates for property taxes, insurance and holding costs are fairly accurate.
I would appreciate more experienced ...
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So I heard you can't get a mortgage without a job. Isn't that illegal discrimination?