Hey there. I am in the process of closing on my first rental property, a SFH in Detroit. I ultimately found the property through my Property Manager, who had another client that was looking to sell it.When I asked abo...
I have the high bid on a $60K foreclosure property. Scheduled to close in a couple weeks. My RE attorney turned up a weird thing during title search. He has been doing RE searches for 40 years and said he has never ...
Hello BP community! I'm looking to buy my first investment rental and I came across what I think is a great deal in Jacksonville, Florida. The concern is buying a house during COVID where there is a chance the renter ...
Hello BP!
I’m a new investor working on my first deal and need to do a little bit of rehab. The bigger items on my list include some plumbing, electrical, and replacing kitchen cabinets/sink.
I have bids from two g...
Ok so we just bought a house in Fruit Heights UT that has a mother in law apartment. We are living in the basement (1bed/bath) and renting out the main floor (3bed/2bath). It is zoned as Single Family. Should I be wor...
Hey BP Folks,So I am just trying to understand why I've seen so much debate on why some people would rather get a non recourse loan vs a recourse loan...Especially when non-RC are worse terms, higher rates/fees etc..A...
Hello BP'ers,Wanted to ask all of you a question regarding a recent situation with a contractor that I'm dealing with.Back in May of 2013 I renovated a kitchen in one of my rental properties. I hired an electrician to...
I've seen this comment floated around a few times, especially when I was in the market to purchase my first investment property. I've seen it thereafter and I'm curious what is the logic behind it? In my mind, if I ...
So I have a duplex under contract
- In a C - area, - All Brick exterior, - Cpvc updated, - Electrical looks good, -Both AC are 8 years of age, - Roof looks good, - Tile floors, - Rent should be around $1200 gross mon...
I recently wrote a blog post on my website that covers the proposed changes in the new Tax Bill and how they could affect homeowners in Texas.I know we haven't been introduced to the final version yet , but I'm curiou...