Mike D.
A question about old houses
Say a house was built around 1910 and is in a college/low income area, so it takes a beating. How much longer can these houses really stand for? Won't they have to be torn down soon?
Drayden Morgan
How do you make money from a subject 2 deal?
Can someone help me understand how do you make money from a subject to deal if the mortgage is already the same amount as the areas rental rates?
Eric M.
Has anyone flipped a house with an indoor pool?
I am in the Chicago area and am looking at a house with an indoor pool. Not an area that pools are common, even outdoor. It is not particularly high end like you might expect. It's a regular house in a regular subdivi...
Sean McMannis
Security Deposit Withholding?
I have tenants moving out this week. I've been in and out of the unit over the last couple of weeks and noticed that there is an area of the vinyl flooring that is bubbling, presumably due to water (the spot is in th...
Giganni Lopez
Do properties need to be in "good" condition in order to be financed?
I'm a Miami realtor looking to purchase out of state. First time home buyer wanting to use FHA 3.5% or conventional 3%. I'm finding a lot of properties in Ohio & Illinois for less than 100K. They need a lot of wor...
Ryan E.
Older duplexes needing major repairs - Is there a deal?
I'm hoping for suggestions on ANY possible way to make some money on a packaged multi-family deal I've just inspected (off-market, but broker involved). At this point I am leaning to walking away from it. The deal i...
Alex Vela
Multi-family Initial Inspection
Hello,Is it typical for multi-family sellers to require a signed contract prior to walking through a multi-family property? I understand the lack of desire to bother the tenants every time a prospective buyer wants t...
Jonathan Tang
How much is a full demo and reuild in bay area?
Hello BP,Just asking for some advice. I have a seller who Is wanting to sell 5 properties as a bundle. This five properties are all right next to each other and makes an "L" shape. What makes the deal a little more co...
Account Closed
Need help with FHA appraisal problem, 1st was over asking, 2nd was really low.
Currently have 2 appraisals (one when i purchased the property) showing a 140k+ value. Buyer has a contract at 140k with heavy seller concessions. The first appraisal came back with a 145k value. Because the p...
Maria Malliou
Analyzing 2 interesting rental properties
I looked at two different 2 flats today. Both in established areas with many desirable amenities (public transport, good schools, grocery stores, jobs etc). Both properties were once (most likely) SFH that we’re conv...