Late last year,
partnership company acquired a multi family property that help I manage.
Rents were ok but all utilities
were included per the lease. Net income is low because of this reason. As soon
as each lease...
Hi All,I am a first time real estate investor approved to buy a property that is about $1MM. I am from West Los Angeles, CA, which is a market where cash flow is hard to come by. I have decided I may need to invest ou...
What do you think about using the listing agent to help facilitate a buy?
For the last three months, I’ve been using a seller’s agent to make offers on a SFR.
But have been outbid on three houses.
For my next...
I am often asked this question: "What is my biggest financial risk in buying/owning a short-term rental property?"
Lots of things come immediately to mind: Septic problems, a new roof, HVAC failure, lower-than-proj...
Hi BP Mortgage pro's,
theoretical scenario: a doctors loan was used to buy a primary residence rental portfolio piece, while talking with the loan officer @ big bank name about how it would be used as a rental portfo...
The mortgage on my personal residence was just sold by GMAC to Ocwen. I'm pretty nervous because there's tons of horror stories on the web about Ocwen (saying the payment wasn't sent in when it was, and many other mis...
Hey guys! Thanks to all the inspiring stories on this forum and the podcast, the hubs and I are taking massive action getting our finances in order to qualify for the best possible mortgage on our first rental propert...
I don't want to spend unnecessary money on upgrades in rental properties so what is the standard upgrades in rental properties?
Hi BP, I recently purchased a REO property in Georgia. The occupants who are currently living there I suspect are squatters. I've seen the house and it's a total mess. Police have frequented the property on many occas...
Do any of you know the law on whether or not landlord can ban guests from visiting their tenants apartment? I recently visited my mother, who rents the apartment, and I got into an argument with another tenant. The te...