Sebastian Warg
Where in the US should I live?
Hi everyone!
I am a teenager from Sweden who finish school soon. There are multiple reasons for me to move to the US, the main reason however is real estate since Sweden is a very socialism country the government tax...
Ramek Llah
Section 8 pro and cons?
What are some pros and cons of renting to section 8 people? Can you share some good and bad stories? I found a great unit which I'm in the process of purchasing and was wondering if renting to section 8 folks was a go...
Nadia O.
STR - Big bear lake vs Palm Spring vs Lake Arrowhead
We have been thinking of purchasing a property either on Palm Spring, Big Bear Lake (Moonridge), or Lake Arrowhead.
Big bear lake seems to be our #1 choice since the city is more friendly towards STR. The homes in m...
Mergim Kacija
HOA fined me $12,000 for allegedly short-term renting my condo (Chicago)
Hello BP Community,I've been accused of short-term renting my unit (which I have not) and was fined $12,000. Furthermore, the building's bylaws have a 25% rental cap, and my unit is NOT approved, yet I informed them t...
Zamir Kazi
Are Tax Deed Sales Lucrative?
Hello all,Recently I have been looking into tax deed sales, and a friend of mine told me if you win a tax deed auction, you get the title free and clear. Is this true? What is the process of doing so?They hold an auct...
James Wise
"Subject To" Real Estate Investing is Slimy. Prove me Wrong.
"Subject To" Real Estate Investing is as Slimy as it gets. There are ZERO situations where it makes any sense for a seller to sell their property in a "Subject To" deal. The only times these deals happen is when some ...
Emily Sulliban
50% Rule- Is it Really a Rule?
I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...
Matt A
Deficiency judgement after a short sale
Hello CTC,
I have a concern. I recently had a short sale approved in California through B of A and the buyer wants to close asap. I got a letter from B of A stating "BAC Home Loans Servicing, LP...
Maurice W. Evans
Would you buy a tri-plex from a slumlord
slumlord is a pretty harsh term, however, let's say-Its a rough neighborhood (some spray paint and busted windows on various bldgs)-A bunch of 2-4plexes on the block-the living conditions of current tenants is bad (pa...
Erin Dorsey Robinson
Any landlords forgiving rents during COVID?
I know that a lot of landlords are suffering right now. Much has been made of the struggles of tenants facing financial hardship and many landlords have been placed at the mercy of the now-exhausted small business rel...