Chris McDonald
Pay off my rental or buy my 2nd
I recently purchased my first rental property (Duplex) for $65,000. I had to put 25% down for a 30 year mortgage so I still owe just under $49,000. I do have an investment mortgage on this property because I do not li...
Tommy Mckeown
Where should I put my money while saving for Real Estate
I’m 20 years old I want to buy a rental property by age 25 I’m saving right now but I’m wondering if I should put this money into a mutual fund while I’m saving. or keep it in a savings account I feel like I’m losing...
Michael Dunn
HUD ..... Property Arraisal Repair question(s) ....
I found a house on the HUD website that I am interested in, and it does show that the house is IE ( Insured Escrow )Under the Property Arraisal Repair , it lists about ( $4,900 in repairs .... Replace damaged Exterio...
Byron Bohlsen
Security Deposit and smokers
I just bought an occupied duplex with long term tenants (Since 2008). Tenants decided to give notice at time of purchase. Tenants admitted there is about 3-4 years of smoke damage to the unit as they started smoking i...
Joshua Bautista
Limited Partner Syndication / Funds
As a limited partner, what are the things you want to hear from the sponsor?Plus, what parameters and specific numbers you look for in an offering based on location(Ex. San Diego - 8% COC ; Illinois - 12% COC etc. etc.)
Will Barnard
Rehab estimating as a new wholesaler
A new colleague of mine here on BP has asked me some questions via PM and I thought it was best to present his questions and my answers in the public forum for all to benefit from. This will also give him and others t...
Terry N.
Security deposits and early lease termination
Can a landlord request that the security deposit be forfeited if the renter requests to get out of the lease a month early? I want to work with them but don't think I have anything in the lease that states that they ...
Daniel Kent
AS IS clause but I still want an inspection
Hi All,So I put an offer on a single family home that I am planning on rehabbing and renting out. The sellers stated that they are unwilling to negotiate anymore on the price and will not make any repairs that we may...
Sophie Mia
Agreeing to buying foreclosed house before inspection?
Hi everyone,
I'm in the process of buying a triplex (foreclosure). It looks like it's in very good condition and should be move-in ready. I will be using FHA Financing.
The problem is that the bank gave...
Berry Starnes
Spread on Cleaning Fees per turn
What is the average spread (difference between what you are charging your guests and paying your cleaner) for your turns? $25? $50?Can we not create a poll in here to make this more anonymous?