Wade G.
Buy and Hold Forever or Continually Trade Up
After reading some recent blog posts on BP this topic has me at a crossroad. On one hand I can see where continually trading up may indeed build ones empire faster...I think. In regards to trading up SFH rentals the...
Mike Oconnell
Would you rent to a tenant who's income is paid "under the table"
Would you consider a tenant applicant who supposedly has great rental history, great work references, etc., but works for himself and gets paid in cash, "under the table"?This is a red flag for me as I assume if he bl...
Bryan Crawford
First short term rental!
Hello all,After much analysis paralysis on my part, my girlfriend and I have just purchased our first investment property. To mitigate risk, we decided to house hack a 3/2 home with a detached 1/1 MIL suite to rent. W...
Brad Gibson
Rent by the room in Phoenix.
Hello! I am a investor from ohio that recently relocated to Phoenix(surprise area) and am curious about renting by the room. With soaring rents I could see why renting by the room might be appealing. Called around som...
Indy Smith
Questions about subject-to purchases
Hi everyone, Can someone please clarify a few things about subject-to for me? I understand that you essentially take over the existing mortgage from the seller, thus "subject-to the existing mortgage". Does the buyer ...
Joel Oh
Bike rental - Money maker? or Headache?
Hey guys, I am closing a property near one of the best bike trails in the country and this property has a huge ass abandoned garage.I see a serious potential for turning this garage into a bike shop and renting bicycl...
Kurt Gardner
Tenants divorcing...now what?
I will add the caveat, "I know this is not a forum of lawyers, and this in no way constitutes legal advice. For legal inquiries, I should consult a lawyer." There...I am looking for anecdotal stories about what you ...
Sandy Uhlmann
Owner dies, house in FC Is Sub 2 a possibility? Does second mortgage have a play?
Here is the situation: Nice house, perfect location for renters. In foreclosure. The owner died, leaving her sister as the POA according to county records. Property has a first mortgage that is foreclosing but ther...
Dustin Beam
I hesitate to call this a success story
Not sure I can call it a success until I've had sustained cashflow, but I did close on my first properties yesterday. They are three fourplex buildings, basically identical and side by side. They are located in Kansas...
Nicholas Bolcon
Underground Oil Tank Found During Inspection
Hello BP community, Some Background: Currently had an offer accepted on a Duplex in West Warwick, RI. Just did the inspections on Friday and found that there is almost definitely an underground storage tank (for heat...