Lois Ginter
Getting Tenants before Closing
Hi All - My first BP post.I will be closing on my first properties in Illinois in February 2016. There is one vacant unit that can be rented immediately. Can I start advertising now, or do I need to wait until I clo...
Rick Reed
Distressed houses?
Generally speaking, what is a "distressed" house? Whenever I hear this term I think of something that sells for around $30k and needs about as much in repairs (if not more) just to be rent ready.
What major r...
Anthony DelVecchio
Am I ready to house hack?
I am 22 years old. I just recently graduated from college and I am making about 40k a year doing personal training. I have enough money saved up to pay for a house using an FHA loan but I feel like I would be screwed ...
Sandy G.
Non-paying Holdover Tenants
We have tenants that signed a renewal notice back in October agreeing to a rent increase and continue their tenancy. Current rental agreement was set to terminate on November 30. New rental agreement was prepared an...
Carl L DeCesare
What would you do with 100K?
I did the house hack thing, bought a double unit which I lived in the lower unit and rented the upper (which i'd recommend for anyone to do). I recently moved do Raleigh, NC leaving the investment property, now fully...
Don McIlmurray
First deal - does this look good
I am ready to pull the trigger on my first deal - nice 3br-1b Cape. Rehab is about 14 days labor estimates my contractor and I'm allowing a month to knock it out pending the usual unforeseen circumstances. Here are my...
Lorraine Joffe
Enforceable Purchase Agreement?
We signed Purchase Agreement for a duplex in Probate requiring court confirmation. Covid19 comes along and I'm worried about cash and other rental property and new law where we cannot evict for owner occupancy. We gi...
Akshar Patel
Tax implication of sale
Hi everyone,Newb RE investor here. Had a quick question about the tax implication of a recent sale.So I had purchased a single family home in Aug 2015 for 370K. We lived in it until end of March 2017 (20 months in tot...
Nicholas Trusty
Rent or sell current home to purchase first investment?
Hello,I’m new to BP and to real estate! I purchased my first home in May of 2016 with the VA loan for 173k at a 3.375% rate in Sanford NC. I believe it is now worth 205-210k. I’m currently deployed and have been using...
Noah Taylor
Hard money loan with $0 down + line of credit
So I have been watching a couple YouTube videos on hard money loans and how they work but I was wondering is it common or even possible to get a loan for 100% LTV and a credit line to pay for the repairs on a fix and ...