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Cheap dulpexes in rent-able condition. Possible bad tenants. (and other issues)
Hi,
This past six months I've saved 10Gs to begin real estate investing, but since I'm new to investing I need some sound advice on some questions I've asked myself while considering what to buy.
A little about me:
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Loc R.
4-Plex deal in critical condition. Plan B: anyone connected at Chase?
Summary of my 4-plex deal:
1. Seller buys house for $30,000 in 1969.
2. In 2004, seller takes out a $350K 1st Trust Deed against what was, at the time, a free-and-clear 4-plex.
3. By 2010, seller has let property ...
Edwin De leon
Under What Conditions Can Investors Deal Direct With Bank With Short Sales
Now with the new laws going into effect as of april 5th that real estate agents must handle all short sales, but under what conditions, this is not clear to me.
Questions:
1) can investors under the new HAFA and HAM...
Nick Latanision
Property is not in the same condition as when offer was submitted
Working on my first deal.. Not going so smooth. I recently made a cash offer on a bank owned property, 5 k deposit, they accepted my deal. The property had a small roof leak on the back 2nd story roof. Along with ...
Robert Steele
At what point is tenant not responsible for paint and carpet condition
I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...
Andrew S.
Proactively replace 1998 furnace that works fine and appears in good condition??
Good evening BP,I have a move out in one of my units that has a 1998 gas furnace that works great. No visible issues, haven't had any issues during the 5 years I've owned the place. Does anyone proactively replace fur...
Helen Zhang
Tenants wants to stay in a house that is in bad condition
I recently run into a weird situation that I have never run into before. I inherited a group of tenants after purchasing a property. The previous owner has no lease contract with these tenants. The tenants are paying ...
Eti Olivia McJessy
Seeking Legal Advice/Consultation Ex-Occupant to Access House in deplorable Condition
Hello,
A home in Cleveland purchased at Tax auction, as-is. Occupants live in another location while using the auctioned house as storage. This is a hoarder's situation and the house has been through so much that...
Michael Dunn
Buying with an FHA , But...... Buyer and Seller agree to certain conditions?
This coming Monday is going to be a big day for me , as far as getting close to a " For Certain " on the property I have been pursuing for some time nowThere are a few things that I wanted to ask BP members , and get ...
Mike Schorah
% chance of getting a deal with bad condition house and unmotivated seller?
I heard on a YouTube video that if a house is in GREAT condition (house is NOT motivated) and the seller doesn’t want to sell at a discount (seller is not motivated), then you’ll have a 1% chance of getting a deal.
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