Hello BP friends,I'm in a pickle. The tenant wants out of their lease at no cost to them. They said they are afraid of mold from water seepage and are threatening to sue if I don't oblige. What would you do?Background...
There was a meeting in Tucson yesterday with Reps from States in Mexico. They're angry about the AZ law and not for the reason you think. If you read the attached, please read to the end. What a double-standard! No wo...
I know that most of you HIGHLY recommend doing a 1031. But I am currently in a situation that I am just considering paying the Capital Gains Tax and be done with it. So I want some differing opinions.
First off, th...
So I've been busy looking at deals, talking with people about my real estate journey so far, am 100% open about it to everyone I meet, pretty much.Today, I had a conversation with a coworker."I want that one house tha...
Hi! Let me start by saying I'm completely new, out of my comfort zone, and scared to death. HaHa! We are under contract for a log cabin in Banner Elk, NC. This cabin will serve as a family getaway but also as a short ...
My question is, how long will it take for single family homes to produce $1M of CASH into my bank account?Not asking about “wealth creation” I mean until actual cash is in the bank?Thanks in advance!
So I am closing on a multi-family at the beginning of June and the place comes with an inherited tenant. Here are the facts:- Elmhurst neighborhood of Providence, Rhode Island.... I will be house hacking and it is sor...
Hi everyone,I just wanted to write a bit about house hacking in NYC. I started in 2013 buying a multifamily using an FHA loan with a sellers' concession included. My total out of pocket for that house, that cost 400k,...
Hello,Any advice, suggestions, tips for a eviction court date? Renters owe rent for last month and this month. Keeps saying that the bank lost their money, will pay me soon, husband just had major surgery so he is n...
I am eyeing a 47-unit MHP here in SC. I'm seeking feedback on this deal, primarily is this a good deal and price? Details below:$700k**(I'm aiming for $625k)Seller Fi, with 20% down.Will finance for 25 years at 6%47...