Colin Smith
Would you flip a property with SEVERE foundation problems?
Let me descibe the situation...Property conditions:The house was built on a steep incline and appears to be falling down the fill. So much so that cracks are all throughout the house, it feels slanted when you walk th...
Able Waller
Newbie with a Lease Purchase Scenario
I'm wondering if the group here would see this as an opportunity, a loser, or a break-even headache.
Subject property is highly updated (electrical, central AC, etc.) 1928 build wood frame home in an undeniab...
Chris McCormick
Keep as rental or sell with 275k cash to invest
Hello BiggerPockets gang,
Just wanted to start by saying hi, and reach out to hear from investors with more experience and creativity.
I currently live with my wife in N Portland in our first house that I bought in...
Collin Hays
A quick reminder about insurance for your vacation rental
If you are a new investor, make certain that you have a commercial policy specifically for overnight rentals. A standard landlord policy, or homeowners policy, will likely not cover you if you have a claim.
Claims d...
Colin Hudson
How big a project is TOO BIG for a first timer / 203k?
I'm a first time buyer looking for a 3-4 unit property to house hack in Chicago. In the neighborhoods I'm targeting, buildings that would meet the FHA guidelines (i.e., ~$566k for a 3-unit and ~$703k for a 4-unit, inc...
Brie Schmidt
Baseboard Heat?
We have a unit that currently has baseboard heat (electric) The tenants we had in there years ago never complained about the cost of heat, but the tenants we have had for the past 2 years say that their bill goes up $...
Robert Rodriguez
carpet and padding advice needed
I have a rental property in Woodbridge, Virgina. I'm renting out a 3 bedroom townhouse for $1850. I bought the place brand new in 2012. This will be the first time I will need to replace the carpet in the house due to...
Mindy Bowden
Water damage to floor - what would you do? What type of flooring?
The 1st floor toilet on my rental flooded the other night. Most of the first floor currently has laminate. My tenants mopped up the water as soon as they realized but some time had gone by before they had even realize...
Skyler Mckinney
Determining the ARV in a tricky area
So this house has been on the market for 80+ days and I am about to make an offer on it but for the life of me can not get an ARV. The house sits next to 3 other houses that are in the same shape or worse off. None of...
Michael Z.
How much time to pick up an apraisal order in SF BAY area?
It is known that there is a big appraisal backlog in sfbay area now. What is the usual time to have the appraisal order picked up and completed from the time it is being placed?My lender says that the order was placed...