I just read an article about a system called the "Purchase Option" system. Basically, you find a motivated seller and offer to lease their home for a number of years and then have the option to buy them out at the en...
I'm new to BP and am considering doing a 1031 exchange on one of my 2 SFH in order to get a multi-family property (likely a duplex/triplex/quadplex). I currently am an out of state landlord and feel that I have manage...
Hi BP members! My name is Sam Clement and I'm a commercial developer from Ithaca, NY. After graduating from Cornell University I got involved in real estate full time and have been working on developing full scale pro...
Hi. I have started getting involved in buying (mostly foreclosed) single family homes in the Pocono Mountain area of Pennsylvania (Monroe County), for flipping and/or renting. Most of the foreclosures around here s...
I purchased a home sub2 that was a pre foreclose. The bank is offering 2 options for modification. I pay $14k and keep 3.5% interested rate and $1900 payment or no upfront payment put interest go to 7% with $2500 paym...
is it sometimes best to cut loses and let a tenant walk from an annual lease?I had a nice couple sign a year lease. Subsequently their relationship fell apart and are changing careers. I now have a single mom desper...
Hi all,
I have encountered a deal of a fourplex, with full occupancy. It is in a nice neighborhood. However, the property has been having delayed capital upgrade or proper maintenance for a long time. The windows, ro...
Hi,
First time post here.
I am interested in buying a condo rental property in the Boston area. Mo
st buildings have low owner occupancy so I wouldn't qualify for a traditional loan.
I have another rental condo th...
Hello BP! I don't know if I qualify as a new member as I've been lurking around the website for about a year. I posted a few comments here and there but never really introduced myself or tried to connect with anyone. ...
Hey BiggerPockets,I'm pretty frustrated right now, and I was hoping to get some feedback from everyone. Two times now I have lost multiple offer situations in which highest and best was requested. When I come back a...