Inna Young
Illegal Tenant in the Property Purchased
On August 29, 2019, my friends had a closing on theirs new investment property. Right after the closing they tried to get in and discovered the original lock had been removed. They found parts of the old lock on the...
John Thomas Robinette III
The Gentrification Issue
I did a quick search in the forums and couldn't find a discussion about gentrification. I live in New York and this is a HUGE issue because basically the only "affordable" real estate is in primarily minority areas. T...
Leilah Davis
Should I try to hire a "Bird Dog"?
We do spec home construction, NO rehabs or flips, so all we are looking for are vacant lots. We are aiming to do 8 properties this year, currently working on our first one of the year. By far the BIGGEST issue we are ...
Charlie MacPherson
Universal Rent Control? Cynthia Nixon has proposed it for NY!!
I try to avoid political discussions, as they never lead anywhere good in the business world - but this one strikes at the very heart of REI. Former "Sex and the City" actress, Cynthia Nixon is running for Governor o...
Jonathan Satizabal
Purchasing properties with "illegal" units
Would you purchase a property in Chicago with a non-conforming or illegal unit? What are your exit strategies if an issue comes up? What are the insurance or legal risks? Would you purchase the property valuing it wit...
Matt Leber
Rental Property #7 - Melbourne, FL
Just closed on our 7th rental on 2-14-2020. The property is in Melbourne, FL. For the last year, I was having a hard time justifying market prices in our area and how thin the margins would be on properties I was an...
Ben Hughes
Advice on Evicting in Texas
So my tenants have not paid rent yet this month when due by the 3rd. I went by the house and the mailbox is completely full but there is still furniture in the house. Mail dated August 31st is still in there. Th...
Dominic Franco
New Member Introduction
Hello BP family my name is Dominic Franco! I am currently in the process of selling my house over here in the Fort Bragg, NC area and looking to relocate the Charlotte area. I'm looking to kick off my real estate inve...
Account Closed
Fourplex in San Jose, CA
Hello everyone, I would love your opinion on what you would do if you were in my situation. So the quick breakdown is I live in the SF Bay Area, I have a lead on a fourplex, where the owner want 1.5mm (I'm set at 1.45...
Gurjot Grewal
Seller wants me to waive inspection
I have a duplex I offered on. It went under contract twice with both buyers backing out due to inspections. The LA provided both inspection reports, and to my very untrained eye doesn't look like anything major. They ...