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Results (1972)
Account Closed Hostile Tenants - Need Advice!
11 November 2021 | 64 replies

Hello BP Community!
I have a rather bizarre situation and was hoping for some insight. I have a duplex (two units, one address) and rented out one unit to tenants and was keeping the other unit for myself. The tenant...

Account Closed First REI deal looked promising but rehab costs keep growing
22 November 2020 | 53 replies

Calling out to all investors...How many of you thought you had at least a base hit on your first property and then, in the end it turned out to bite you (financially speaking). I am in the process of buying a foreclo...

Nicholas B. Mortgage Underwriting Guidelines & DTI - (@Bill Gulley)
14 March 2017 | 29 replies

In another thread, @Bill Gulley and I had a brief discussion on underwriting guidelines. Rather than take that thread off topic, I created this one to hopefully further the discussion. The main contention was whether ...

Jestin Sorenson prospective tenants with high debt to income ratios
1 May 2017 | 36 replies

I have a couple applicants that are married with a newborn baby. She plans on staying home with the baby. They both have mid 700's on the smartmove application, which I think is really good. They both are college educ...

Carlos N. Need advice: evict tenant in Philadelphia
7 October 2017 | 38 replies

Hi All, New member here.  I have came across BP when googling about tenant eviction, will need your advice regarding eviction in Philadelphia. In short, I own a property since 2005 and have been using a real estate ma...

Mark Douglas Quadplex Analysis
20 April 2016 | 49 replies

Hey BP!Considering my 1st purchase...  I ran it through the BP rental calc and it cash flowed $28...  I'm hoping I did something wrong!Anyway,  what do you think???  Here are the numbers:Property - FHA Owner-occ QuadP...

Fred Damali pay off properties or use money to buy more?
10 December 2011 | 32 replies

My goals are to own enough real estate property that can produce 100k a year after all expenses and after having paid the ALL OFF. This will facilitate early retirement.
I am in mid 20's, and have 160k salary. I am ...

Ralph Miller Tenants Asking for Me to Subsidize Their Electricity Bill
4 August 2018 | 59 replies

I have tenants asking me to subsidize their electricity bill bc it more than doubled in the month of May-June.....this is the story.  Please provide input.About two weeks ago their AC unit broke.  I immediately had a ...

Charles Norman Note purchase questions
15 July 2013 | 16 replies

I need some help on how to find the right people at the bank and how to present a compelling offer to purchase a NPN. We have done the financial analysis, tracked the foreclosure and bankruptcy processes, spoken with...

Jeremy Henry In a pickle... Default on 5 properties, or hold out?
18 March 2018 | 42 replies

Let's say you have 5 properties that - due to economic and job market conditions in the area - only command enough rent to barely cover mortgages, insurance, and taxes.   Nothing left over at all for maintenance, repa...