Quick question, I recently bought a SFR for rental that upon purchase inspection did not note any mold issues. My tennant, who just moved in in January, just notified me today that she found large amounts of black mol...
Hello BP, I'm looking at buying a duplex. The duplex is in need of updating and maintenance, but has tenants in place right now that are wanting to stay. With the rent they are paying right now the cash flow and ROI i...
Hey BP!Intro:I have always been thankful for the different posts that people have put up documenting their projects from beginning to end. Given that, I decided I would periodically provide status updates and pictures...
Has anyone sold a rental while tenants are occupying the rental?If you did, were you able to sell the home close to retail price or did you have to leave some meat on the bone to the investor.I have a tenant that is 2...
Dear BP community,I need help to see if there is any way I can turn this into a deal?I came across this deal. owner owes $130K on mortgage. ARV $180k. The house needs $15K external update (replace sidings, patio co...
This weekend an update to the automated underwriting system that lenders use is going into effect. It's going to evaluate multiple financed properties differently, and will be removing the restriction on cash out for...
Hey BP,
I’m in the inspection period of my first deal. A duplex with intent to owner occupy. I’ve already gotten the whole home inspection which revealed some things I was expecting (roof with only a few good years l...
Hello all, are any of you familiar with the FHA one time close construction loan? I am looking to get a little better idea of what it requires particularly in the income verification/income requirements area. If you k...
My tenant's lease is up July 31st and I'd like her to vacate. She's always paid on time but is rude. Also, I can update the apartment and charge considerably more for it.
My understanding of Wisconsin law is that...
I've found what looks to be an awesome deal in a great B- neighborhood. The property is in great condition, going to inspect it further next week and get some info on the roof and age of other items, but overall extre...