How important is cash flow when analyzing real estate deals? Many rookies zero in on this familiar figure when crunching the numbers, but there’s another metric that is FAR more important: cash-on-cash return. This si...
Marc Shin
Sewer scope inspection revealed a cracked pipe underground
I'm under contract on a property and the sewer scope inspection report said "The service was observed for approximately 82 feet, and the termination was not visible or and condition was not determined. This appeared t...
Dave Chow
How to handle sewer line system issues
Hi BP members,How would you handle a nice deal with house having potential sewer line issues?We are buying a rental property seems to be a good deal. But its house with age of 75+ years. Our initial sewer line system ...
Sara Siri
Close of escrow for 1 week; home has major sewer line; should seller pay for it
Hi,We just purchased a home and closed the escrow recently. We moved in 3 days after closing. After living there for 2 days, there was a major sewer line issue. Both toilets and both bath tubs were also clogged (the h...
Ada Li
Should I be worried that there is a major issue with the gas leak
Hi Biggerpockets community! Happy Holidays!
I am a first time home buyer and am currently conducting inspections for the property but found that the property has a gas leak.
Question: Should I be worried that there...
Chivas Miho
Underground Freezing Pipes Not Disclosed by Seller
Hey BP, so I landed my first OSS rental property a week ago in Michigan and while I'm celebrating my victory as a new RE investor, I find out yesterday that the main water line to the building froze and the tenants ha...
Nolan Connor
Seller disclosure fraud
This past Friday I closed on my first rental property. After all documents were signed the seller told me to not flush toilet paper down the toilet bc it backs up and she doesn’t want what happened to her to happen to...
You’re working hard to build generational wealth. But have you thought about a succession plan for your growing real estate portfolio? Today, we’re going to show you several ways to create a better life for your child...
Christopher Davis
Having a hard time making sense of "closing costs"
So, I'm looking at various loan options. See attached jpgs. I'm working on my first deal. I am talking to a local lender who was referred to me. We had a good meeting, and he is giving me different options. We broke t...
Brandon Riley
Just Moved in.....Sewer Backup. Anything I can do?
Hi,
I am looking for some advice/input here as I am at a loss. I purchased a home recently and roughly two weeks after moving in my basement sewer drain had overflowed into my basement. We had a plumber come out and ...