Paula Smith
Lease purchase deal gone terribly wrong...
In 2005, I went into an agreement to sell a property I owned that had a mortgage on it. The agreement was basically written out on a standard residential sales agreement with the terms of the owner financing (me) ...
Sam Leon
Tenant letting friends to stay or park
I have a scenerio that I have not experienced before, and doesn't even have any written rules against this in my lease agreement.
I have a single family residence 3/2 in Fort Lauderdale that I rented out to several r...
Patrick Bunn
How is this for a plan?
Hello BiggerPockets family!
My name is Patrick and I'm in Birmingham, Alabama.
I am new to all of this so any input would be appreciated. I figure just asking for help as a newbie isn't sufficient; so I developed a...
Dennis Estenson
How much should you know before you start?
I've been looking seriously at investing in real estate for the last month and have been learning a lot. Obviously, I've only scratched the surface of information in that time, but I'm itching to get started.
...
J. Martin
Same-day Turnover: Savings? Or Foolish Disaster?
In the upcoming scenario, 3 of the 4 units in a 4plex will all be vacated and re-occupied in literally a 10min-2 hour period. 2 of these units will be vacated and re-occupied by people already living at the buildi...
Jordan Woolf
House with asbestos siding
A seller is offering to give me a house if I buy two of his other properties. The house he is offering to give me has asbestos siding. It is a large sturdy house and is about 1800 sq. Has anyone had any experience wit...
John Bucknum
first deal/mobile home park?
HI all, just getting started, looking for first deal. I found a MHP locally FSBO, it is 34 units over 7 acres, city water, with septic tanks which owner claims to empty yearly. asking $800k, brings in $91k/year, accor...
Daniel Rehner
Young Tenants breaking up
Hi all, I am a first time real estate investor and bought a duplex back in Feb and was able to turn ithe around before the 2nd mortgage paymen, which I was pretty happy about. And if you would have asked me how things...
Zachary Sales
50% Rule vs. Applying Percentage for Expenses
When analyzing deals, is it better to apply the 50% rule to a deal, or go through and apply a certain percentage of rent to anticipated expenses, being Vacancy, Maintenance, Capital Expenses, and Property Management? ...
Jenny F.
A Small Business Bailout RANT....
I have spent the last several months on the verge of a stress induced stroke and a couple of weeks ago I decided "&^%* it, its out of MY control".
Here is the summary. I own 4 different small businesses. A con...