REO on market for 170 days +. The price has been incrementally dropped. Now there is a status change with the price higher than the last price drop by about 10K. Is this the bank's call to increase and why would th...
Hi, I'm just getting started in real estate investing and attended the local REIA meeting this month. I've done some reading but haven't had any hands on experience yet.
My brother owns the house next door to mine...
In New England, we have a lot of older homes with septic systems still. Many of the foreclosure "deals" involve a failed septic system which is intimidating for a lot of investors, including myself. So after ignoring ...
This is probably a stupid question but I'll ask any way. If I have to pay back the loan in 5 years what is the meaning of the 30 year Amortization of the loan and why are certain loans structured this way?
I recently upgraded to Pro and tried to connect with investors/agents in my area and got flagged for spamming. This is the text i used with the connection request: 'I am new to this site and any helpful hints to hel...
Hi everyone thanks for reading. Below is the description I found online of a property. I'm
Working on analyzing it but I found something I thought the current landlord has missed. They are charging $590 a month which ...
Good afternoon from San Diego, I am looking to BRRRR in Kansas City and am wondering what do appraisers look for when valuing a house in the midwest, specifically in Kansas City? Are things like location and walkabili...
Hi All,I am new to BP and just getting into real estate investing. I live in the Boston area and have been looking to purchase a 2-3 family. The goal is to house hack for a year, save up additional capital and either ...
What's everyone's opinion on inheriting tenants? I've heard a lot of strong opinions on "terminate immediately and start fresh." That's usually based around the theory that this way you can screen the tenants, gets r...
Gross revenue of ~$75k, NOI of ~$35k, valuation based off 4.3x gross-revenue, not 5-7% cap rate. Better Cash flow monthly?My realtor called me recently with an interesting investment opportunity - a local car wash. It...