Dan Cerempei
Renting or selling my 1st house
I'm in process of buying my 2nd property as my maine residence. Thinking to rent my 1st property. Just numbers don't really add up. So: 1) 1200$ mortgage payment 2 ) extra 100$ a month cause we are loosing homestead e...
Conte Cuttino
When To Start Eviction Process?
I have a potential eviction in Memphis TN! If signs show a potential eviction on the horizon due to tenant not returning phone calls and allowing my contractors inside to estimate repairs and simply dodging me for the...
Andy Bailey
Acquiring rental by QC... best advice for tax purposes?
Hey folks
My wife and I will soon be acquiring a 3/2 SFR before the end of 2017 by way of quit claim. The property is located in NE TN. We currently collect the rent and maintain the property now including all repair...
Jason Smith
When to make repairs or replace damaged items?
I have a single family home that has been leased to the same tenant for 3 years. They pay on time but are extremely messy people. There are 4 broken or missing window blinds, a broken kitchen drawer, molding damaged...
Matt Slowik
Creative finance help needed - first time offering
I have a friend who is deeded on her deceased mothers home. Her aunt, prior to my friends mother passing, was added to the deed. Don't ask. That being said, things are getting pretty tense between the two considering ...
Kase Knochenhauer
Infinite returns on Chicago Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $130,000
Cash invested: $23,000
Performed cash out refinance at 70% LTV with appraisal of $232k. ...
Naeem Kapasi
Termites in potential fix and flip?
Hey guys,I am looking at buying a foreclosure to fix and flip. The house I am offering on definitely needs repair. Now, I am no expert on this, but thought of asking BP nation of your thoughts. Is this an indication o...
Steve S.
Put 2 nicks in my brand new Quartz island!!!
Omg. I can’t believe this. Can someone suggest how to fix? I’ve read super glue. Is there any option that will helpakenit look like new?
Noel Devere-Bennett
Opex / refinance expectation for Multi-family in Memphis (Trigg)
I've placed an offer on a 16-plex multi-family building in Memphis (near Trigg) and was wondering is anyone could give me a reasonable expectation on expenditure costs per year. I plan to fully rehab the building but ...
Santhi Mani
Deal falls through due to events just prior to closing- what next
Let us say inspection went through well but two days before the closing there is a roof damage due to heavy rains and corresponding leak inside the living room.Question:01. If seller unable to fix the new repairs prio...