I am in the process of selling an REO. My attorney says that NO disclosure is needed for the seller because this is not a short sale. It is none of the banks business what I intend to do with the property once it is s...
Hi all,
I am a first time investor currently purchasing a two-family home in Clifton, NJ. I am currently under contract with the last step being to obtain a Certificate of Occupancy from the town. The current Clifton...
A question for you veteran landlords....
I have a very nice condo that is highly sought after by prospective tenants. I had someone who wanted the unit, and called me stating that he wanted to lease it, and would b...
I received a phone call from a tenant who is moving out at the end of the month saying the recent plumber I sent out to the property has stolen his tools. I highly doubt the plumber is guilty of this acquisition, how...
Hello everyone,I'm seeking advise from anyone who is willing to give it. I'm very new to the real estate investing world, but have been interested for a long time. I've saved up around 80,000 dollars and feel like 201...
Good morning, BP.I am in the process of writing a rejection letter for an applicant here in NJ who is unwilling to disclose his financial history. I ran a background check before on another applicant and she submitted...
Hello everyone!I'm a newbie to real estate investing and the quest for early FI. I've been saving to invest in my first property (likely a house hack either multi-family or renting rooms in a single family) in the Por...
My current situation:1 primary, 5 rentals, no additional debt, heloc out (invested in one of the rentals), and cash to buy more, but at 43% debt to income. I am looking for a solution where I can buy more rentals. I...
I have an ocean view triplex in Orange County, CA. Value 3MIL and paid off; excellent location and strong rental market. Just thinking I'm not getting much income as income is about $7,000 per month before expenses (p...
So I'm ready to buy my first SFH rental, but I'm struggling with a few things. I want to know what expenses I MUST account for when calculating rental income minus expenses. (Tax, Insurance, etc.) Also, how do I know ...