Billy Amberg
The 203K Loan - Open Discussion
BiggerPockets Community,This is directed at those of you who are interested in the 203K loan. Done one or more 203K loans? Great! Share a success or horror story!Never done one? Also great! Hopefully my post can get...
Franklin McGuire
How to specify penalties for breaking lease on lease agreement?
Hi all, I'm new to property management and trying to get a lease signed for the first property I've picked up to manage. I'm in Charleston, SC and am using this residential lease agreement. My question is: I see on he...
Mike Jones
I smell a deal, but... (probate question)
ARV = $110,000 * 70% = $77,000- Repair Est: $30,000 = $47,000- Wholesale Fee: $12,000 = $35,000 -------Mortgage: $21,000+ Back taxes: $7,500 = $28,500+ Cash to seller: $4,000 = $32,500------Problem: the house hasn't b...
Elena Pech
What form should tenant sign in MASS for early lease termination?
Hi, I am a new landlord in Massachusetts. My tenants signed a 1 year lease and after 2 weeks want to move out because of some family reasons. I am OK with it if they pay till I get new tenants. Is there any form/docum...
Account Closed
Lead disclosure vs umbrella insurance
Hello,my rental property was built in 1960.I got the standard lead disclosure form that says seller has 'no knowledge' of lead based hazards in the property. I tried getting umbrella insurance from Geico.Geico is sayi...
Sheri Ulm
Purchasing Real Estate in Ohio
I own rental property in Ohio but when I bought them everything was handled by the seller and I currently have a deal in escrow that is a land contract on a property owned free and clear that was done thru a real esta...
Hen Ley
Is an inspection necessary for a 500 sq. ft. condo?
Looking to purchase a condo purchased in the 70's- The seller would like a quick close and I'm looking for ways to facilitate that. Is an inspection necessary for a small, 500 sq. ft. condo?
Damon Snyder
Passive Income In Year 2 or 3 on Rental Properties
I have been buying single family homes for rentals the last 7 years. The question I have is everyone always talks about all the passive losses that come with properties. I typically experience a loss only the first ...
Austin Mudd
Do I bother calling back cold leads?
Did the google voice -> podio lead set up so I have a few VM's off my first marketing campaign. One call was warm, and we're working on a few options to go into contract on this seller house.The other 4-5 VM's I've...
Ricardo Meza
203K Loan & Fees?
I don't know where to begin in assessing whether these fees are reasonable. So why not start with BP. I've applied for a 203K loan for our next residence in CA, and the following is what I got back in fees...This as...