James Friery
Need advise on this 21 unit pocket listing
Hi all!I'm currently looking at a pocket listing in Troy, NY. The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,...
Terrill Clark
First Time Home Buyer
Hello Everyone,
I'm currently living at home saving money as I'm looking to purchase my first home/townhouse by the end of the summer. From my research so far, I see that I can put down 3.5% with an FHA loan. I was a...
Cade Andersen
First Flip Offer Accepted
Just got my first offer accepted on a fix and flip. It will mostly be cosmetic work no major renovations. Any tips or info anyone can pass along for my first one? Closing in about three weeks paying cash. Doing all t...
Dominic Scheck
Advice on big plumbing issue in Minneapolis
Hi, friends,Water started coming up from the drains in my duplex. A Roto Rooter technician managed to clear the main line after a ton of work and resorting to a 1-inch blade (apparently, they usually use only 6- or 3-...
Erik Boltman
Stopping Frivolous Lawsuits BEFORE They Happen?
My company has been inundated with frivolous lawsuits and governmental complaints. We own a property management company and really try to do good things. We work with the VA homeless veterans program, mental heal...
Michael Greenberg
How to manage and list a "flexible" vacation rental space
I am looking to purchase a "flexible" vacation rental home. One I am considering is 3,000 square feet, 5 bedrooms, 5 bathrooms, a large entertainment area and a pool. I am considering sectioning off two of the bedro...
William Allen
Inspection on New Construction
I have a close friend buying a new construction home and he asked me about a home inspection on his house. He asked me what I would do and I told him I probably wouldn't spend the money on an inspector but I would ce...
Account Closed
NREIG
Hi everyone,
Considering switching to National real estate insurance group. I like the ability to be able to have the policies in one place grouped together. I noticed a few threads on here complaining about reasonab...
Steven Norton
Mechanic's Lien of Flip Property
Hi Everyone!I've never actually introduced myself on BP, so I feel I need to do so before I start posting questions :) My name is Steven Norton, and I am a structural engineer and real estate investor in the greater D...
Harold Osmun
Remote Landlording in Virginia
Hello everyone,I had a question regarding Remote land-lording in Virginia. I currently reside in Northern Virginia, but I am looking to invest in an area where the housing costs are lower. I spent time in the Navy and...