I found an investor who is looking to get out of the business and wants to sell 5 condos. He wants $425,000 for the 5 and generate $5570 income. 2 of them the rent could increase a little $50 each. They are all rented...
Hey BP, I've got an interesting scenario that I'm needing clarification on. I'm a licensed realtor in Texas and I've got an investor who is wanting to pay me a finders/referral fee for finding mobile home parks that t...
I have an applicant that only deals in cash. He's a bit paranoid about the banks, doesn't have much of a credit history. No credit cards. No debt. But has lots of cash. I'm trying not to be blinded by the cash, s...
Hello Everyone,I have officially purchased my first investment property, a duplex in southeast Michigan. I have one unit occupied and the search for the second unit tenant has started a little rocky. Its been over 2 w...
Hi BP - Lets say you were able to successfully 1031 into another deal and it's a single family rental in a great neighborhood. The house is ok as a rental for now but the highest and best use is to tear it down and bu...
So im saving up to buy a small mobile home that needs fixing, im purchasing this because in my area alot of people like to rent these homes all the time because of the cheap price and the economy at this time. Is this...
Does anyone have any insight on negotiating on a Hud house? Is there a percentage that you can go below the asking price or do you simply take the price or leave it?
I'm getting ready to have a move-out and was thinking about placing some temporary ring cameras throughout the house until a new person moves in. My reasoning is I live about an hour away and would be nice to have som...
I have a seller that is current. He is upside down 30k on his home and wants out. Piti is 500, market rent $1000. If I took it sub2, and rented it, would I be risking too much on the due on sale clause? If the bank d...
Good Morning:
I am currently making an offer on an apartment building (this is my first rodeo) and one of the items (for due diligence purposes) that we seek from the seller (current landlord) is their tenant ledger....