Hello BP community! I am looking to buy my first rental property. My goal is cashflow. I want to buy a multifamily property, although my local market (Houston, TX) isn't really known for having a bunch of 2-4plex pro...
Ive had about 50 or more inquiries on my rental over the last two weeks. After I pre-screened, Only 5 of them have actually showed up for a showing, and a few filled out the online application that I had to kindly dec...
So I bought a 3 family in NJ and have gut renovated all apartments and have had great luck thus far but have run into my real first issue. Here is the situationI gutted one of the units (3 bedroom 1 bath) with a new k...
I need some help/advice. These are the highlights... Tenant had bad credit which he explained (540-570); I wanted to rent the apt for the winter so I wrote a 6 month lease and explained we could extend if all goes wel...
I am under contract on a short sale with Chase and have a very tight deadline for settlement mandated by the bank. My title insurance company did a search and came up with 6 open liens on the property, all but two I ...
Hey BP,How much do you budget when getting an estimate from a contractor? Once again, I’m in a situation where I’m spending more money on my contractor who is over his estimate. (Shocking, not.) I’m sick of being hose...
Ok so a co-worker and long time family friend of mine is also a successful commercial real estate investor in my area. When he learned about my plans to begin investing in real estate he wanted to get involved. I am ...
The market is primed for sandwich lease option investors. People are losing their jobs, listening to the news (chicken littles), or are simply looking to cash out...selling would mean losing your shirt and pants and f...
I'm writing this in hopes to find some guidance on why a single family property I have is not selling. A little information is below.Location: 8 Faulkner Avenue, Wilmington MA 01887Days on Market as of 4/27 (47days)Cu...
All,
I have been watching the housing market for the last few years and it has always been something I have wanted to dive into. I have owned other businesses and I had clients that owned rental property. They gave m...