Jacob Maes
Getting a Solid Contractor
This seems to be the biggest challenge when working on a property. I am working on one right now and the contractor just stopped going so I had to fire him. This is the third contractor I've gone through in the last t...
Emily Davis
Insuring an unpermitted ADU
The Problem: Last year I purchased my first rental property. It was a foreclosure (basically one of the last to clear before the pandemic) and I was very excited that it had an awesome mother-in-law suite in the back ...
Richard Robinson
rehab process question
I just purchased my first property and Im starting the rehab process. My contractor wants 50% on the estimated materials cost and labor up front which equals about 20k. My concern is how do I protect my investment, I...
Oleg Shalumov
Help needed on Tax Lien
Hello, BP members, could someone please clarify if I understand the below lien properly?The below tax lien is for Year 2015, for the amount $6,211.65 with additional charges $15,201.66.So the total lien amount is $6,2...
Ru Monsell
First Subject To Deal with a FHA loan
I am hoping for some experienced input before I proceed with a deal and closing.I have a seller who has agreed to sign my purchase and sale agreement. FMV is around $100k; I will pay $76k and put in $20-30,000 befor...
Colby Hughes
Understanding Refinance Strategy
I am brand new to the investing world and am starting to look for my first deal. My plan is to basically follow the BRRRR method using hard money for purchase and rehab and then refinance into a DSCR for the long term...
Allison T.
Investing out of state (Atlantic City) next step
Dear BP community,I've identified a few potential properties I'd like to invest in Atlantic City.I've done my research and run the numbers, the only thing that's making me nervous is the fact that this will be my firs...
Masta Purba
Evicted Previous Homeowner from Property Bought at Auction
My business partners and I acquired the property at Trustee's Sale and evicted the previous owner yesterday. On the day of the eviction, the police had to force him to move out of the house and tasered him. He had a...
Precious Thompson
Found out a property owes taxes what should I do
Considering buying a property but when doing my due diligence I found that the property owes $7k in taxes what should I do if it’s a good deal. Haven’t seen the house in person yet. But ran the number and it’s beats t...
Ladd McClain
1031 purchase: Tenants in common or Joint tenancy
My wife and I created an LLC to purchase a 4plex a few years ago. We are the 'members'. We just sold and need to 1031 our proceeds into a new property. I understand our LLC needs to purchase the property. About to sta...