Michael Carbonare
A Look Back 30 Years To My First Deal
30 years ago I closed on my first real estate deal. It was a foreclosure, owned by the Resolution Trust Corporation. The RTC was a federal agency created in 1989 to resolve the Savings and Loan Crisis of the 1980s, ...
Jeffrey S.
Rehab costs on occupied foreclosure with no access
How do you calculate / predict rehab costs on an occupied foreclosure when you have no access to the property until after the sale? I am finding so many occupied properties that cannot be accessed. Do you just walk aw...
Jonathan Marcus
Option-Rehab
I've been thinking about this idea and I would like to run it by BP members who does fix and flip. I guess if I have to put an title to it, it would be "Option-Rehab".
The idea is to find a vacant house that ...
Colin Brazell
What type of hard money terms could I expect...
If I were to borrow about 30k for a 45k SFH that I plan to BRRRR in Detroit. I have excellent credit, with plenty in the bank to cover it were something to go wrong. A friend of a friend said he wanted 2 pts and 12%. ...
Brittany Kryger
Help with Short Sale Hoarder House
Hi BP community! New investor here looking to househack- have opportunity to short sale a hoarder house (duplex) in a beautiful beach location. It's currently under contract but subject to short term sale approval at ...
Jason F
Shouldn't lower prices mean lower prop. taxes?
Here's a question:
When home prices were going through the roof, property taxes (which use home sales as drivers) were increasing as well, in some areas, by a lot.
The...
Justin Heminger
What to do with rental income?
My wife and I bought our home a little over a year ago and due to me being in the military, we are moving. We decided to rent out our home as the market doesn’t indicate a profit if we sell. Our plan is to rent it out...
Moncy Samuel
HOA dues legal letter
I bought a single family residence back in 2015 through Auction (courthouse auction) and rented the property to a tenant. Last week, I received a Legal letter (from a lawyer) that I owe $2500 dues in HOA and requestin...
Mariqus Alexander
Unbudgeted items that can kill a budget.
Over the years, I’ve gotten better at creating a budget that can actually be met. I used to create a budget with the hopes of everything going smoothly. After performing more the 30 plus rehabs, I’ve learned now to ...
Jacob L.
condominium outstanding water bill
Hi all,I own a condo as investment in a condominium in Brooklyn, My issue is that there is many homeowners not paying the maintenance fees in result of that we have a big outstanding water bill (meters are not divid...