Tyler VanDerzee
HUD Appraisals
Hi all, I'm a new investor working on my first deal. I am going with USDA funding and I am at a point where they want to send the HUD appraiser out. Since I've already had the home inspection, I have a laundry list of...
Account Closed
How to deal with uncooperative seller during due diligence
Hi all...Thank you for all the help you’ve contributed on this project...This will definitely be a victory for the BP community when all is said and done. Here’s the situation:I got the inspection report back and have...
Ryan Adams
Insurance clause - burst pipe in parents vacant rental
Hey BP,
Long time reader first time poster! (Wish it were a more positive topic)
My parents own a rental property in Freezego, I mean Fargo. Today they were notified by the property manager that a pipe has Frozen ...
Lionel Johnston
How To Factor An Equity Pull-Out in Cashflow Calculation
Hi Folks,
We have a SFH that we are refinancing with an appraised value of about $350,000. We will raise rents again in a year but our calculations currently show only $22 in monthly cash flow.
Notes:
- 5% Cap-Ex...
Chris G.
High Energy Bill For Tenants
So the shared living units we manage mainly for students they are 4 bed 4 bath 1200 sqft. We include $200 of utility charges a month. Anything over is split among the tenants. Lately with electric costs rising we’ve ...
Monique Davis
Home inspection concerns
Complete newbie, under contract for my first property and the home inspection is showing some things that seem to be concerning for me. Hoping for some guidance on whether these things are as big of a deal as the seem...
Stanley H.
Seller wants a piece of the earnest money......
Guys I wanted your opinion on the situation I am facing currently. I was in contract on a duplex property on 7/9/2014. I had an inspection done on 7/18. In that inspection it came out that the duplex had common utilit...
Jessie Harrison
Consolidating Duplex to one unit or Keep as two units
New to BP and first time post. I have purchased a rental property that includes a 2,000 sqft SFH and a stacked duplex (both units are 860 sqft - top floor is a 2/2 and bottom floor is a 1/1). The bottom floor of the...
Jared Stroebele
First deal househacking a 3plex. How does it look?
I have been lurking on the forums and looking a real estate near me (Davenport, IA) for a few months now. I have a steady job(60-70k yearly) and a good credit score(730). I barely spend any time at my apartment curr...
Michael Schaffer
Gas Station Purchase - Newbie advice
Hello, my name is Michael. I'm new to this community, and new to investing in general.
I've recently saved enough resources to purchase my first business, which I'm considering to be a gas station.
I've done many o...