David Zhang
My First Rental Investment
I have stumbled across BP a week ago and is amazed at how we as a community so willingly share our real estate experiences and opinions. Needless to say, I wish I had found this site before I bought my first renta...
Eli Moore
Advice on repairing basement and potential structural issues
I am looking at a property built in 1890. There are concerns with the basement/structure. There is water intrusion and potential structural damage, as detailed in the inspection report that I received from the seller....
Jeremy Namen
Is a buyer that is named on the purchase agreement / sales contract to be the owner of the property when closed and titled?
Sounds like a moronic question but I have a deal in which my lender required myself and another one of their customers(former biz part) to form a sales contract on a property that i wanted personally. The sales contra...
Kevin Aljic
Real estate lawsuit
Hello, I am looking for some advice before I start reaching out to an attorney. This is full disclosure and will tell my side as best I can without writing a book.
I am a real estate investor and sold a property ful...
Joshua Arsenault
Should We Sell a Cash-flowing Rental?
Hi All, Looking for some advice here. We currently own 3 rentals - 2 single families in the Philly suburbs and a condo in Boston. We bought one of the single-family properties in 2022 right when interest rates started...
Robert Hursey
Investing in Missouri vs Illinois
I would like to start a discussion over the pros and cons of investing in MO vs IL. I am considering both. Topics to discuss could be asset protection, landlord/tenant law, market stability, honestly anything.
Pratheek Lakur
Deductions for repairs following move out
Hello,
Our first tenant is moving out early next week and I have had a chance to walk the property and have noted several damages. I have scheduled a contractor come assess how much the repairs would cost but wante...
Ryland Taniguchi
Mistakes I Made In Construction This Year
A little bit my background. I run 3 hedge funds currently and have worked 3 years as a framer and finish carpenter. I have done more than 300 construction projects and development projects. I also studied for my certi...
Kevin Beres
Put my first offer in on a great prop and... I didn't get it, How can I strengthen my future offers?
Hello,Last week I put an offer in on a duplex in Richmond, VA. The numbers looked great, I was planning on utilizes the rent hack method at the place and it was close to my job. I put an offer in that I thought was fa...
Jared Sanderson
4Plex Analysis - Need Opinions!
Evenin' BP! Looking to purchase my first rental and found a 4plex I'm interested in. Rents are $800/unit...probably fetch a bit more with updated units but using $800 for my analysis. C- neighborhood, only looking ...