Tim G.
Trials and tribulations of my first flip!
Welcome to my thread! I'm going to use this thread as my blog on my 1st rehab property. I ultimately want to get into rental properties and plan to use the profits (hopefully) from this flip to purchase the first ...
Eric M.
Lenders, do you have borrowers pre-sign DIL?
I have heard of the technique of avoiding potential FC problems by having a borrower essential pre-sign a Deed in Lieu which basically says, if the loan defaults this Deed in Lieu becomes enforceable.
Sounds too good...
Mindy Jensen
What is the WORST thing a tenant has done to your property?
I've heard the horror stories from landlords about how the tenant they were evicting poured cement down the toilet, played hammer darts in every room, ripped out the copper, or left piles of garbage for the landlord t...
Michael Baybut
Bank REO purchase strategy
Hi,
This is a bit of a follow up from my previous post. I'm very interested in a REO property that's about to come on the market soon. I tried to buy it as a SS but it ended up at foreclosure. The bank had accepted my...
Christian Rojmar
Tenant going through hardship
Good morning BiggerPockets,
Would love to get your input on how to deal with the following situation.
My tenant for the last 7 months whos lease will expire at end of May next year just called me and told me that on...
William S.
Would you take $100/m?
Thinking about buying a rental that works out to be $100/m after I run my numbers. It's a SFH in a good school district. I'd say B+ area. I am self managing this but still factor in PM expenses incase I move. Although...
John K.
What can I do with $140K cash?
Hi, I want to get into real estate but don't know how and where. I have a remote job living in Austin and $120K cash and $20K on my employer 401k. If you were me, what would you do? My goal is to work for myself and s...
Sean Tippens
$8000 paint quote for a 750sq ft home???.....
We have a small 750sq ft single family home that we have completely renovated. Started getting quotes for paint and I was shocked!!!! This does include interior and exterior with trim. But still, $8000!!!!! How do y’a...
Trevor Murphy
How do you guys go about Popcorn/Asbestos Ceilings?
Do you guys pay to get popcorn ceilings with asbestos removed? or do you guys do it yourself?Is there any advantage or benefit to having it done professionally and providing paperwork to an appraiser during a re-appra...
Danny Duran
Buying a Property with Mold in it
BP community--I went under contract on a north side Chicago multifamily property (4-flat) this week (thanks @Brie Schmidt ). Basic inspection (thanks @George Foster ) and mold inspection occurred on Wednesday. There ...