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I need some advice. I just placed an offer of 75000 for a 3 family house. I really feel uncomfortable investing so much of my own money. I have the cash to do this but I'm thinking about getting a HELOC off of my 1st ...
Looking for advice with sublet situation. One renter (renter1) has moved out for a new job but is still paying rent. Renter 1 would like to sublet to offset expense. Renter 1 and renter 2 (renter that still resides...
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Hi All - I have a problem tenant in Swampscott Massachusetts. She is currently halfway through a 1-year lease, and after a relatively quiet 1.5 years this tenant has become a problem, being a nuisance to both the neig...
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I am a little skeptical on using this lender for a property I found. They are willing to finance 100% of the purchase price (35k). Is that unheard of? All iv had to do was give them a form of ID, tell them how much I...
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I bought a condo at 200 N Dearborn in 2010 at price of around $250K, my cap rate is only around 3%, I hoped the condo value would go up over years, unfortunately, it actually went down. If I sell today, I might need t...
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Looking at buying a small two bedroom rental. The stairs to the basement seem to be a little steep but have railing in both sides. I don't think there's room to make the stairs less steep. Is this a liability I have t...
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Newbie in need of some timely advice. I just purchased a Triplex in Bristol Borough (two units in main house; one detached unit in rear). Main house is 100 years old. Inherited tenant in 2BR/1BA first floor unit whose...
I am new to real estate investing. I am interested in real estate because uncomfortable with the volatility of the stock market. I would like to invest for my retirement in about 15 years. My area of interest would be...
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I just received the following email from my property manager. How would you respond? I'll let a few people give their opinion and then I'll share mine. I just purchased this building 3 months ago so these are all inhe...
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I am 73 this year. I was a real estate agent for several years. When I got my commission, I bought a new pair of shoes, and put the rest in the bank. My back up job was RN. When I retired in 2000, I moved to the poo...