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I'm trying to learn all I can about buying foreclosures and "practicing" on some properties as if I were ready to buy. I've ordered some Ownership and Encumbrances (ONE) reports from a local title company and am tr...
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I am trying to purchase my first real estate property with my significant other. I am graduating in May and I will become a financial advisor after passing my certifications. I currently do not have a credit score bec...
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Anyone have any inputs on negotiating past-due HOA assessments on a property that I would buy through sheriff auction/foreclosure?This particular property has $15k in past due amounts, and another $5k in attorney fees...
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As I understand it, house hacking would traditionally mean living in one unit of a multi unit property for at least a year and that would allow you to rent out the remaining units and then the unit you would live in a...
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Hello all,I'm currently under contract to buy a fully-occupied multi-family property. This is the first time I will have inherited tenants that are on a year lease (as opposed to month-to-month).One lease expires in ...
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I have a chance where I may be able to obtain a duplex from a very good friend of mine. His sister-in-law unexpectedly passed away about a month ago unfortunately. My friend was named executor of the estate. He aske...
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I have an owner who is looking to get out of her Mobile Home Park.She has NO Rent Roll or contracts that the tenants are on, just month to month agreements. Let me give you the numbers:19 Lots17 Occupied 7 park owned...
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Hey there everyone!My name is Zach, and I'm a newb to BP. My brother and I are Canadians (dual citizens actually, but born and raised in Canada), currently own two rental condos in Florida (without a mortgage on them)...
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My neighbors are going through bankruptcy, I think its chapter 13. They have a couple of rental properties that are included in the bankruptcy. They are upside down and will result in an eventual shortsale. What hap...
Background: Wife inherited a 4-plex from her mom. Approximate value: $500K with an $135K interest only loan. The 4-plex is a cash cow and she has no intent to pay it off. 1) Should she keep the existing loan even...