Boomer Creed
Wholesale Habitat Home?
Hi All,I recently spoke with a potential seller who is in pre-foreclosure. The home was a Habitat for Humanity home and is 10+ years old. She is the owner of record.When asked if she was aware of any back taxes, she...
Tom R.
listing a house for rent above market estimates
I've just listed my first investment property for rent. Zillow and Truilla estimate the rent to be $950 but I put it at $980 because it is a fresh remodel and has all new appliances, flooring and energy efficient wind...
Mercedes Smith
Condo test positive for Meth
Hi everyone, I have a condo under contract that just tested positive for meth. 8.3 over 3 samples, so relatively low contamination. Where I am in the state of Utah, once you have remediated the meth you no longer have...
Maxwell Kaplan
Refinancing out equity
I've heard and read multiple sources talking about refinancing loans when their equity goes up and pulling out cash. In Massachusetts, this seems relevant with properties growing in value at 3-5% year over year. When ...
Marcus Kuhnert
Rental Property Business Structure
Hello All - new user, first post so please bear with me.Two friends and myself are looking to purchase a rental property together. We will be contributing equal amounts into the down payment, duties, etc. What is th...
Account Closed
All of My Financials - Rent Out or Sell it?
I want to give the best picture of my financials and everything involved in among big a decision to SELL or RENT OUT my Philadelphia Suburb one bedroom condo.First the financials:-Purchase Price: $119,000-Money Owed: ...
Josh Sartori
Loan Approval: Sweat Equity Report
Good Morning BP Community, I'm currently working on getting approval from my lender to purchase my second property in Chicago (Logan Square) and will be doing so using a loan with 25% down, 10% percent being cash and ...
Mike R.
banks not taking cash rent deposits--now what
Hi all and thank you for your time!We just found out that several of the large banks (Chase, Wellsfargo, etc) have or are about to implement new policies that basically say they will no longer take cash for deposit in...
Keaton Reiners
Vertically integrated property management vs third party
Hi all, looking for some advice as I try to get started out. I am looking to start a rental property portfolio, and I would ideally like my investment to be as "hands off" as possible, while still having agressive gro...
Joe S.
A neighbor used our water to fill their swimming pool.
A neighbor used our water to fill their swimming pool. So we have a rental property that the tenant just recently moved out of. I went and checked on it today and the neighbor has an above ground swimming pool with a ...