Jeff Modjeska
Should I jump into a major rehab with the cost of materials
I want to brrrr or flip properties and was super pumped, ready to jump in but I'm seeing the cost of rehab material out of control... Curious what other BP investors are thinking about these issues? I know you want to...
Hernan B.
Mice problems
I have a tenant that has been complaining about mice. Just wondering what the typical course of action is to get rid of them. The tenants are not very clean people which makes think this will be an uphill battle. Do p...
Steve K.
Non renewal of lease on Senior problem tenant with heath issues
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...
Lance Knapp
Where Should I invest for 7% Cap Rate and 3% Annual Appreciation?
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...
Steve A
Using the Listing Agent as Your Buyer’s Agent?
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...
Andrew Pierce
Doctors Loan/Conventional Loan = You Must Occupy the Property forever?!?
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...
Collin Hays
Your biggest financial risk in owning a STR
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...
Bienes Raices
Mortgage was sold to Ocwen--what to expect?
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...
Dr. Jordan E Smith
What was your first investment property?
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...
Tony C.
Bought REO with existing occupants who created fraudulent lease
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...