Luke Miller
How to buy rentals quickly as DTI is increasing
I know everyone has their strategy, but I am trying to decide how best to proceed.
1.) Local market: rentals provide 17-21% annual returns for single family detached priced between 40k-70k. The market is great for b...
Tom La Rosa
New House, Broken Sewer Line, Legal Problem, What to do ?
To make a long story short . . . .I bought a house 2 months ago, I just had the sewer line video scoped. There is a break in it, with tree roots inside.It has become apparent the previous owner knew about it and did n...
Pat Hamilton
Violations & License and Inspection
I own a property in Philadelphia which is managed by a professional management company. My tenant had not been paying rent for months due to maintenance issues. The property management company says that the tenant a...
Chan K.
Buying - Multifamily - Rental Transfer
Hi BPer,I am in the process of closing a 6-Unit multifamily. I would like to seek your opinion on the following scenario:The seller won't share any tenant information with me, except the name of each tenant for all 6-...
Phil James
Need some advice...thinking about letting my property go to foreclosure.
I purchased an investment property 3 years ago. At the time of purchase it appraised for 96k. Over the last three years I have been losing about 10k a year on the property. I recently had it reappraised and the app...
Nancy Roth
Must expired contract be honored if escrow has not been released?
Hello, friends,I'm going to describe a dispute without revealing my role in it. Truth is, the side I'm on is really not important, and I think I'll get the best and most unbiased advice if you consider it from both po...
Jake S.
Private Lending Questions
I have a potential deal in the making, and have a private lender lined up.I, and the lender, are new to the private lending game, so what sort of paperwork/contracts need to be in place before the deal happens?Really ...
Account Closed
Canadian Turnkey Deal
Hi I'm Looking to get into Real Estate Investing I got this Deal from a local turnkey company here in Canada from the looks of it the deal isn't good. What's your opinion?2 bedroom CondoDeal Selling Price : $269,9001s...
James Denon
Lead paint with inherited tennants
I have a 3 family under contract in massachusetts. The closing date is end of the month. It is a house built in 1914 and I just received a disclosure from the seller indicating that "seller has no knowledge of lead pa...
Josselyne Lugo
Wholesale Owner finance.
Hi BP!I have a question for the more experienced wholesalers out here. I have a home under contract and my seller is open to owner financing. I have a cash offer on it but it is taking a bit longer for me to sell this...