I am sure I will find the answers to my questions on this awesome forum. Ok here is my situation. We manage a condominium association with 80 units. about half are owner occupied and the rest are either vacant or bein...
Hi all - I have an opportunity to purchase one unit of an eight unit commercial condominium. I think it's a great deal. The bad news is that one person owns 5 of the 8 units, giving him majority votes. The building lo...
Good morning!My name is Rollan from San Jose, CA and excited to have access to the wealth of information and contacts on this website. Though I have 3 homes myself, none of them were meant to be "investments", but af...
Being a landlord can be a lucrative proposition, but unforeseen expenditures can put a damper on profits if they aren't calculated into the rent beforehand. The reality is that the costs of a rental property extend fa...
Hello BP Community!I’m a new member to BP community and have no experience in REI. I’d like to transfer 50% of my retirement savings invested in stock market to real estate investment for passive income from rentals,...
A new investment property (town home) was purchased about 2.5 months ago, and a tenant has been occupying the house for 2 months now. During purchasing it was disclosed that there was an HOA on the property, which we ...
Hey everybody,
Quick question on condos, when renting a condo are you basically renting to own? For example a condo at 74k, owner sells, buyer occupies and the monthly fee is the principle towards the 74k till it is ...
There's an MLS listing I was looking at that went under contract, went pending, and is now back on the market. They have now added this to the listing description. What exactly does this mean? "Owner-occupancy base...
Hello Bigger Pockets family!I'm curious for those that have invested in short term/vacation rentals, what the best properties you all have found work the best. I can see that there are obvious pros and cons to all of ...
Hi guys,
I am new to BiggerPockets user, but I have been actively reading the forums about real estate investing. In my scenario, I am looking into buying a brand new condominium with no sold units yet. I am planning...