Michael Murray
Need to get creative with absentee owner
Hey fellow BP'ers,I need some advice on how to approach an absentee owner.I currently own a single family vacation rental in the White Mountains in NH and one of my neighbors is an absentee owner. It's kind of a stran...
Tyler Jahnke
What’s Your Worst Deal EVER?
Hey BP!One of the biggest draws of this site is the positive and helpful community that I’m now emmersed in. We all see so many amazing success stories of people starting with nothing who are now “financially free.”Bu...
Naga A.
Rats in Garage, Estimate $900!
I own a SFR out of state. My property manager has contacted me that a tenant complains that numerous rats and a lot of rats poops have been seen at garage.
The estimate for taking care of such problem came back with ...
Michael David
Stranger in My House
About to close on a home with an existing tenant. They are month to month and I have the names on the lease but nothing else...A month ago we told them they will need to find a new place (as far was we know the seller...
Whitney Bivins
Should I cut my losses and start over?
I bought a 1960s 355k duplex with an owner occupied loan. 7.5% interest, about 2800 mortgage payment. Since living here I’ve put in a new HVAC in both units and kitchen into one unit, I’ve max out my credit card, and ...
Joel Case
VA with no money down getting beat by all cash offers
My wife and I are approved for a VA loan to owner occupy a property up to $500k but I am losing out to all cash offers. Work history is over 3 years on my job, 10 on hers for the same doctor, my credit score is a 720 ...
Mat O'Grady
Does withholding rent work when the tenant doesn't set up an escrow?
Hello all,I have a tenant that I started the eviction process with and I would like to know if anyone has dealt with a similar situation.My first mistake was letting the tenant move in without paying all the money upf...
Wendy Busa
Rental property purchase sight unseen?
Newbie question, I finally have found a rental property that looks to cash flow, the owner inherited it but wants nothing to do with it. Perfect, but upon setting up an appointment to see it with my realtor buyer agen...
Andrew Taylor
Found a (Great?) Deal - Now What?
Okay, so I've located what appears to be a great deal (see my post on the deal analysis here). I've got my wife's buy-in, and in fact she is taking a day off this week to view the property and meet the seller with me....
Jack Miller
Good tax returns but no job while in grad school
Hello, I am looking to buy my first property (most likely an investment fourplex), but just left my job to start a grad program. Prior to this, I had 2 years of good tax returns from 1 stable job as well as my side bu...