David O.
cons of using HELOC to buy investment property
I am thinking about taking out a HELOC (~$1M) to buy rental properties. I do not have any rental properties in mind yet and am planning to apply for a HELOC, after approval I will then look for suitable properties to ...
Ryan M.
Tenant kicked a broken door in. Can I keep the security deposit?
Hello,I just purchased my first renal property about a month ago with inherited tenants. I also kept the property manager on for the first month as I was hoping to ease into management. About a week after I bought ...
Phyllis E.
Can we get financing for flip if most of our income is from mutual funds?
Hello. This is my first post to any of this website's forums. My husband and I are seriously considering buying a house to rehab and flip as a start to a real estate investment business. (Love the helpful podcasts he...
Matt Swartzendruber
Structural Issue
I am thinking about putting in an offer on a property and I am hoping someone out there (Denver, CO preferrably) can give me a general idea of what it would cost to fix something like this (including Engineer, plans, ...
Devin E.
polybutylene pipes
good morning all, I'm looking into a potential property and I wanted to get some feedback on polybutylene pipes because I don't know much about them. The duplex I am looking at has these. should I avoid homes with the...
Mark Beekman
Exploded Cast Iron Radiators -- Cost of Remedy?
I'm analyzing my next rehab, but one big, unfamiliar issue I have comes in the form of 7 exploded cast iron radiators. Some are upstairs, some are downstairs, but all of them have huge chunks blown out of them (presum...
Jessica Hood
Mold and FHA 203b Requirements
I am just wondering if my bank is pushing us into a 203k that we don't need. We are buying a HUD foreclosure. Home is vacant. The basement has two small sections of drywall that are infected with mold. There is no...
Andrew Cameron
Winter Preparation Plan
I live in Nova Scotia, Canada and it's been a tough winter already. I thought I was ready for the winter. I had all of our snow equipment serviced, our bags of salt were all stacked nicely, and snow shovelers were l...
Brandon S.
Analyzing Brookfield, IL duplexes/Multifamily , High Taxes!
I am looking to house hack my first investment property by buying a multifamily, financing with an FHA loan and eventually moving on to the next one after a year. I have found that when looking at properties on the ML...
Todd Heintz
Property that has had the water shutoff - how to protect?
Hello BP team:We are considering a couple of properties that have had the water shutoff for in one case almost 3 years. We are in the northern part of Illinois so freezing pipes are a concern. One is a foreclosure a...