Jim Stevenson
Rental Market Red Flags
What are some warning signs you look out for in a market you're investing in? Schools, vacancy, unemployment? I'm looking at a smaller rural town of about 13k people with a lot of small multi-families for sale and the...
Jairo Zapata
Tenant Screening red flags
Hello, When looking for the perfect tenant, what are red flags you must pay attention to during the application process? I recently had to evict a tenant and that was not fun to say the least. Thanks in advance for sh...
Kevin Hoff
Inspection report red flags
Hi everyone,
First time home investor here. I have a single family home 3 br, 2 ba home that I've been looking at in the Kansas City Metro area that is a good value, solid ROI, great neighborhood, and good cashflow...
Raj Kumar
Any red flags here ?
Hi, I am the first time landlord and this is my very first property for LTR. I just listed a new construction single family home for rent, and I signed the lease with one of the application and lease starts from end o...
Account Closed
Schedule E Red Flags
Hi,I looked on my returns this year on my schedule E and on one of my rentals my CPA didn’t put an amount in my utilities section. Would that be a red flag for the IRS for audit? The building is a multi family 6 unit....
Minh Nguyen
Mortgage Broker Red Flags
I spoke to my very first mortgage broker today (referred by a friend) and as soon as we got on the phone I was immediately bombarded with questions about my situation while any question I had about our relationship wa...
Chris Mandle
Attorney review red flags
I am in attorney review on a 3 plex in Newark NJ. This will be my first investment property. Couple things are turning me off and curious if I am justified:
1) Property is fully occupied, but the seller does not have...
Troy Fisher
Another Seattle Red Flag
http://murray.seattle.gov/murray-constantine-city-council-declare-emergency-announce-new-investments-to-respond-to-homelessness/#sthash.DTi5L6ea.dpbsMayor Murray Declares an emergency granting him some pretty powerful...
Kristi K.
Too many RED Flags!
A wholesaler contacted me about this house they have under contract for $205,000 that they want to close on within a week for $220,000. The house is in my hometown, I'm very familiar with the area. The house is easily...
Anthony D.
FHA RED FLAG Issue!!
Hey BP community! So recently i was trying to get FHA approved through a broker for a SFH then I was told there was a FHA red flag for a foreclosure on my name in a database. The foreclosure was on my first house wi...