Greetings everyone,So I’m one week to closing on my first home. I’m purchasing a Duplex with a 203k FHA rehab loan (Property 275k). 1. The first unit needs repairs, nothing major (Estimate 27k). Second unit is occupie...
Living in NJ we've been looking at a few properties and it seems the 1% rule doesn't really work because of the high taxes.. Example:$130,000 property. Owner had cats so it really just needs new carpets to get rid o...
I have a client who bought a home at the cuyahoga county sheriff’s sale (located in city of Cleveland). I noticed that the Occupancy Class in the county records is two-family, but its set up as a one family includin...
Is it because probates are hurtful? Foreclosures are embarrassing. There’s a forum for that. There’s a forum for taxes. I’m guessing that hurt crosses the line.
Is it because it sucks? There’s a stigma and it’s not...
Hey BP fam,We have been house hacking for a year now everything has gone great it is my wife and I +3 daughters. As the market corrects i was saving up to grab another house to hack. Unfortunately my wife is not on th...
This might warrant some raised eyebrows but I always asked myself the same question: If real estate is a great way to become wealthy, why isn't everyone doing it?Now I'm not saying investing in real estate is easy, be...
This quote says a lot about me. First let me begin by saying I am new to the world of real estate and have been learning so much this entire month. I stay up late and wake up early to make time to learn. My inspirati...
Hi Everyone,I just made a few offers on a home I came across today and the seller came replied back with the following:"I'm assuming that you are aware that my home is located in a manufactured home community and does...
Why doesnt everyone invest in apartment complexes if they are so profitable?
While driving through a neighborhood looking for seemingly abandoned homes, my wife and I found one we thought we should check on. According to the county's property records, the title is held by American Home Mortgag...