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Results (565)
Marcus Welson Complex Exchange Scenario for Rookie Investor
27 July 2024 | 4 replies

Hello everyone.
First time poster.
General Background
Newbie investor
No credit available (poor credit and repo due to major health issue).
Multiple tax years of returns due (nominal to no income)
Unplanned ow...

Account Closed Kansas City vs Chicago
6 June 2017 | 22 replies

Greetings,I've been exploring a few different hybrid markets for an out of state investment (considering possibly a turnkey property). So far, I'm deciding between Kansas City and Chicago. From my research:- Kansas Ci...

Nicholas Judd Before buying, estimating cash flow & expenses on MF properties
20 March 2017 | 10 replies

Hello BP, it's my first post so go easy on me. How do some of you estimate what a property will cash flow and what your expenses will be before you buy? Is there a formula or perhaps a "rule of thumb"? I'm currently a...

Hannah Taylor FIRE/passive income via out-of-state landlording?
30 October 2020 | 10 replies

Background: We (me, 25F, and husband, 28M) are semi-low earners for the FIRE community and the urban area we live in and have hit a point where it's hard to reduce expenses much more. We'll work hard to increase incom...

Moncy Samuel Tenant move out date
23 July 2018 | 11 replies

Hello BpMy tenant in the duplex property was defaulting on rent and after eviction filing,  we came to a mutual agreement which was signed by Judge to make the rental dues (900) and leave the property on 7/21. Morning...

Tracey Hamilton Foreclosing on a private wraparound mortgage
9 July 2019 | 4 replies

Getting ready to do our second "owner carry" deal where we are the sellers.  We own the property with an existing HELOC with a balance on it against the property.  No other encumbrances.  We are selling the property o...

Mark Graffagnino Prospective Tenant has a Miniature Pig
6 October 2019 | 27 replies

I had a prospective tenant ask today about keeping their pet miniature pig in the house. It weighs 30 lbs, which is right at the limit I use on dogs. She claims it is litter trained for when they are not home and is...

Karen Margrave HELP NEEDED - REVERSE MORTGAGE - EVICTION PROCESS
26 February 2016 | 11 replies

I have come across a lady in northern Californna that is 76 years old. In 2008 she and her husband were taking out a reverse mortgage on their house, through Capital Funding from Texas. Apparently there was a telemark...

Rick Baggenstoss How would you handle this tough landlording scenario?
14 June 2015 | 9 replies

I just purchased a house as a part of a package.  The bad house has a bad tenant with no lease, she's impossible to reach, and a ton of people are living in the house.  The house is in disrepair too.  I don't have key...