Tyler Myers
First purchase - update to electric heat, or see what happens?
Hi BP Community,First purchase in the works, closing June 29th! Found a 4-plex in residential area (population <3,000) about 45 minutes away.Purchase Price: $92,000 (MLS) Bank Appraisal: $99,000 (appraised "sale" v...
Daniel Lehman
1st investment
Hello, I will be going to view a potential property for my first investment in a few days. To make this post short and sweet it's a duplex with one unit rented out and I plan to live in one room in the other unit and ...
Melvin Jones
My current situation , tracked owner of vacant house down knocked on door and he pretty much wants nothing to do with the house
Ok this particular house in Memphis tn is 3/1 with little over 1100sq.ft, its in a very good area with goods schools school bus comes directly to street which I see as a plus the house needs about in my conservative o...
Kris L.
What makes for a great contractor?
One of the things that makes me nervous about RE in contractors. I hear so many bad instances with an RE investor or homeowner about contractor problems, though I have never hear the other side of those issues. My q...
Jacob Coffman
My First Fix and Flip House that became a Rental Instead
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $50,000
Cash invested: $75,000
Sale price: $124,000
Single family house that had a tenant months prior to my pu...
Matt Slease
Insurance for rental property
About to close on my first rental property (SFH)! Do I need any special insurance other than homeowner's insurance to cover my rental? Should I look into a separate umbrella policy to protect myself as it will not b...
Natalie Kolodij
What disqualifies a house from financing?
I know that a house needs to be livable for most FHA financing ect....I'm looking for my first live-in flip and I'm basically looking for the crappiest house that will qualify...Is there a list of specific things that...
Mina G.
How to determine offer price?
I saw a house today that is a short sale.2 family house on a double lotSeller put it up for 295k but as I said its a short sale.House needs some work I estimate around 10-20k. check the issues below and let me know if...
Matt Romano
Home Inspection Reveals Material Deficiency!!!
To material deficiency, or to not material deficiency. That is the big question. But really thats just the subject title. I'm pretty sure I have a decent understanding of what is and whats not considered to be mater...
Daniel Alfandre
As a GC, which materials do you let the subs purchase?
I'm going to build a house. When I worked as a construction manager for a homebuilder several years ago, we ordered the lumber, windows, doors, stairs/railings, garage doors, trim, cabinets, lighting, appliances, van...