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Hi everyone,I am new to the process of getting renters into a SFH in Minnesota. Getting a lease drafted by a lawyer seems quite pricy, is it normal to just use a standard residential lease set by the state or should I...
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I am a 22 year old student attending SDSU and I'm 2 weeks away from closing escrow on a 4-bedroom house. I thought I'd share my journey and make updates as time progresses. The house is being sold at $380,000, which i...
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Hello all. I'm a property Wholesaler in Florence, SC. My Realtor received a disturbing news letter today from the South Carolina Real-Estate Commission titled, "Wholesalers." The newsletter was informing her that EMD'...
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Dear BP members:Hope you all are doing well. I wanted to get some advice on how to start a property management company. I am currently am a private investor with 10 properties. Most of these properties are managed by ...
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I have a 2/2 condo in Gulf Shores, AL that I owe right at 250K...the condo is probably currently worth 115K...I have a potential buyer that is interested in me "owner financing" the deal, and she basically take over m...
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Hi All,
I'm looking for folks who have assumed a mortgage before and can help me figure this out. Ok. So here's the deal. I've got a mortgage assumption on a multifamily property (4plex). Straight-up assumin...
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I am looking at an apartment and I noticed on the P&L the owner is including the mortgage interest as an expense reducing his NOI. I thought that should come after NOI. Is this a win for me?
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What is a good way or tool to analyze an area (crime, schools, cost of living, real estate laws, taxes) to narrow down the area I want to invest in?Background:I am new to BP and real estate investing and I'm starting ...
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I have a brand new renter friendly $500k 3,300 sq/ft home in the Houston greater area and I am considering renting it out as I work overseas and don’t need to occupy the home. I am curious about others success renting...
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Hey All,Finally just closed on a one room schoolhouse that we are going to rehab and turn into a STR (posted before about it, and its been a roller coaster to finally get to closing).My question is, its currently zone...