Hey there. We currently have a 2-1 residential property under contract. The property is a rental and has had the current tenants in it for roughly 5 or more years. My question is there is no formal lease in place and...
Bed/bath: 3/2Garage: NoYear built: 1974Purchase date: Oct 2003 for $120,000sqft: 2,264Zestimate: $107,506Tax Assessed value: $103,600Repairs: Yes (rough estimate: $4,000)Seller owes: $86,000Seller PITI: $934Seller PI:...
This is my first time posting so take it easy on me! I've been getting really interested in real estate investing, in case my presence here didn't give it away, and I've been doing the typical newbie reading and fina...
Greetings BP Community Members,I am relatively new in this forum and to real estate in general. I have a question here, if there are any way we can convert tiny single family home sitting in 0.4 - 0.5 Acre to duplex/ ...
I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property. I currently possess several properti...
What is the best time frame to inspect household of tenants? How long should inspections go for? Tenant needing to be present, if notified in 24hrs? Inspection check list?
I'm always still nervous when making an offer to a homeowner. I sit down, work up my numbers, got my comps and repair estimate together and I'm ready to go. Still, I'm always nervous when I present the offer. I know s...
I'm just starting out in the property buying business. My goal is to start out small. Acquire --> flip small/medium sized properties and build from there. If I'm a novice, which I am, should I try to take a cou...
We recently learned that an investment property we were intending to buy requires flood insurance. This was not disclosed at the sale. With flood insurance it still reaches our cashflow objective but obviously reduces...
We are looking at buying a new primary home and either renting or selling our current home. What is my best option? Here are the details:Purchase: $92kSell For: $190kLoan:-15 year loan (9 years left on loan)-2.9% inte...