Jack Srimani
Post inspection strategy
Hi
I am in the process of buying a property that is a bank owned (REO). Initially I gave the offer for thirty two thousand though the asking price was forty four thousand. The bank accepted the offer.However yesterd...
Nicholas Weckstein
Eviction appeal from tenant in PA.
Hello friends here at BP !
So I filed an eviction against a tenant. I served him the proper notice and we had our day in court. The judge ruled that the tenant is to pay me the amount owed and to leave the property....
Anuj Khosla
Moorestown, South Jersey- 32 Unit Complex
Hi BPers!I am currently analyzing a deal in Moorestown, New Jersey (08057). I have a few questions about the market, the numbers, and the deal in general. I'll start by giving some background on the market, or the lac...
Jeff Tumbarello
Uncle Ben might get the helicopter out yet?
http://www.bloomberg.com/apps/news?pid=20601068&sid=abINDLzbaE54&refer=home
Dec. 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home fore...
Syed Khan
FHA Loan
I have been trying to do some research about the FHA loan, it may require a lot of paperwork and research to make sure you don't get screwed over by the Mortgage lender and other parties. However, anyone here in Mass ...
Peter Jetson
STVR - Waikiki or Maui?
We're just back from a few days scouting in Waikiki and are about to give up. A $500k 1 bedroom condo would generate approx. $40k/year, and after tax, PM, HOAs and loan, cashflow is negative. I know some of you are ha...
Mikael Lickteig
bank won't let me transfer to LLC
The bank holding my mortgage has informed me that they have made a business decision to not allow properties to be transferred to LLC's. I have gone back and forth wether or not an LLC is needed, but after doing some ...
Jerry Evans
I need another pair of eyes, please, help analyze this deal
(11 unit complex)Asking Price: $80k 25% down: 20kMonthly rent(s):5k Property tax: $282($3,380, 2015 tax year)Estimated mortgage: $250 (20 year loan)Utilities: $425Vacancy: 10%= $500Repairs: 20%= $1000PM: 10% = $500To...
Grant Cox
Underwriter keeps finding issues day of closing
I've been under contract on my property since June 25th, and underwriting received all of their info on July 1st. They then wait until July 23rd to tell me that they want me to be employed in my field for a year befor...
Joel Fine
"Complaint resolution" clause: would like feedback
Hi,I'm looking for some feedback from the Bigger Pockets community.I'm looking for a Property Manager to manage a rental property I'm buying in Texas (my first).I found a local Property Manager with a stellar reputati...