Hau N.
How is this for first deal?
Hello everyone,I'm thinking of purchasing my first property ever (other than my primary residence), but not sure if it's a good deal. This is a 1984 duplex, 5/4, located in a class B neighborhood within walking dista...
James Wise
HELP! I can't Find a Reputable Contractor to Rehab my House!
How many times have we seen a post on Bigger Pockets with a new investor complaining that they can't find any reputable general contractors to rehab their houses? Often times, these investors are looking for general c...
DL Martin
Help! Received offer on my residence asking that I carry a 2nd.
Need advice. I received an offer on my primary residence. The buyer is asking that I carry 10% ($69k) for 5 years at 5%. The offer is a "lowball" offer and we both know that a more realistic sales price is $750k. (He ...
Account Closed
Cash Flow or Appreciation: What the numbers say
There are pages and pages of discussion and opinions on cash flow markets (midwest) vs. appreciation markets (coasts). What I haven't read so far is a simple analysis of the numbers. Since I actually own properties in...
Richard Rohrbough
Monthly mortgage is greater than rent - What to do?
Hello BP friends. I need your help on what to do with my rental.My monthly mortgage payment is greater than the rent I can get by $150 and the 2023 taxes are going up another $150/month.I’m sure this is a common issue...
Brian Bakerman
Why doesn't every investment property in California have an ADU?
Adding an ADU to a property has become super easy in CA, yet it seems that the adoption rate of adding units isn't quite where it could be.
This is most surprising amongst investment property owners. Why is that? The...
Sergey Tkachev
How will Hurricane Irma affect the Florida Real Estate Market?
On 9/5 we went into contract on an SFR in Holiday, FL (Colonial Hills subdivision), right before Hurricane Irma. This is the northern part of the Tampa Bay area, which did not see as much damage as the areas more sou...
Rob Beland
Who's not banking local? Why are people with BofA and the like?
I see a lot of posts about where to go for loans for commercial properties and questions about having too many mortgages and lots of people with questionable credit but good experience, lots of capital, etc...My quest...
Alex Silang
How scary are balloon payments / short term debt?
Right now I'm in residential 100% because of the availability of 30 year debt. Balloon payments terrify me, am I overreacting?Not being able to refinance is one of the ways you could lose everything. I can't imagine h...
Sarah Vance
Rent out for a negative cash flow vs sell house at a loss?
Hey wise people, I found myself in a bit of a predicament, and I am hoping you all can give me some insight. I bought a house and closed on July 2018. Below are the details: Purchase price: 205K, 3% down, 5% interest ...