I am aware of the potential issues involved with inheriting tenants. That said, when considering the purchase of a property that is occupied, at what point is it customary to inspect the existing lease? Is that somet...
Hello, I am looking into an opportunity to acquire 46 units for my company, the owner is willing to do owner financing, but is demanding us to get Private Mortgage Insurance does this even exist? I have never heard o...
If I buy a property that already has tenants in place, as well as property management for the property must I keep the property management? Or after the sale of the property may I manage the property and get rid of th...
Hello BG Community!
I'm in a somewhat dilemma here and I'm not sure which direction to take: Cash out Refinance or sell SFH. I have a SFH in NYC that's appraised for roughly 650k. I pay roughly $2200/month to an exis...
Curious what the rule of thumb is on screening existing tenants. I currently have no background, credit checks or employment verification for 4 different inherited tenants. We're slowly repositioning the property from...
Hey People - My wife and I own 3 single family homes (including our primary home) they are all in our names, and we are in the process of selling 1 of them in Scottsdale and use the profits to invest in a new property...
Found a duplex that was listed under the single family listings. It has a converted garage unit that is now a 2 bed 1 bath house. The numbers on this thing are incredible its looking like a 2.5% deal.
Talked to the ...
What's the best way/calculator to analyze my existing properties so I can determine which ones are performing the best? Needs to include variables such as refinancing, etc. I'm a BP Pro Member so I have access to calc...
Hello,
I have current loan on a manufactured home $51365 . The estimated value $225,000. If I want to refinance it for 15 years 3% fix rate the closing cost would be $2900. Does it worth it.
Any advice is appreciat...
Hey Everyone,I’ve been considering the purchase of a portfolio of notes on existing seller financed rental properties. They all have different timelines and applicable cap rates. Does anyone have experience with these...