Nathan Gesner
Mortgage foreclosure, $400,000 in state/federal tax liens
We rarely have foreclosures in my area and there's never enough meat on the bones. I finally saw one that looks promising, but it looks less promising now that I've researched it.ARV is $400,000, house is standing and...
Rick Hernandez
Four Plex- I want to pull the trigger on this one but should I?
Good morning,Here is my background. I am a newbie investor who purchase first home about 5 years ago. Since that time I have acquired a total of 8 SFH in my area. All of the homes cashflow well, are located in good...
Raj Kissoon
Need Financing Advice - First Timer
Hi Everyone,I am new to the game, but have been studying up on everything real estate for a few months now. I need advice on how to fund my first project. Here's the situation, there is a multifamily on the market f...
Thomas Blees
Subsequent (junior) Tax Liens
Hi,I am new to Tax Lien (TL) Investing and have a question:What exactly is my risk when buying a "subsequent/junior" TL (e.g. a TL from 2014, when there are still TLs from 2012, 2013 which haven't been redeemed yet)?A...
Aaron C.
Smartest way to buy a multi with FHA?
Due the quality of home FHA allows most available 2-4 multi in that range are renovated, listening to Brandon Turner he always says to “buy smart.” How can I make a deal out of a property where it would be challenging...
Kaiya H.
NJ Tax Liens -- What's the law say?
Hey All! I am interested in investing in tax liens. Several years ago I read Michael Pellegrino's book on Tax Liens but unfortunately I cannot find it anywhere in my home! I *think* I remember that in the book, he ...
Gillian C.
Chicago: Rules on tenants who are MTM after expired lease
Hi Chicago folks. Could you shed light on the following scenario:
- Tenant on a year-long lease that ended August.
- Tenant continued to pay rent September and November.
- No new lease was signed.Two questions (on...
Steve Velez
Rental Increase Advice (NYC)
Hey BP, I'm looking for guidance/advice on how to raise the rent on an existing tenant. Some history... I have a long time tenant renting for almost 10 years for my coop rental property (first rental) in the Bronx. ...
Sebastian Sovero
Non-Disclosure by Seller and by HOA during Escrow. Is my deposit at risk?
Hi, I'm in the process of purchasing a condo. My escrow and inspection period are over, closing in two weeks. Deal: Purchasing property for full asking, and also agreed to pay $13.5K due to association for concrete re...
Tom Server
Sec 8 increase to fmr wants to see rent roll
I have a triplex with one Section 8 tenant. Pays $950
Since I inherited the tenant, and the prior owner never raised the rent of section 8.
When I emailed DCA agent with the increase, I told her i wanted to raise it...