Rigo Medina
Selling a Rental While it is Tenant Occupied
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...
THU NGUYEN
Creative Solution for this tie deal?
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...
Jason Clark
Discovered Mold After Tennant Moved In
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...
Paul Ellington
Question about Terms of HELOC
My wife and I are scheduled to close on a HELOC this upcoming week and throughout the process banks advertised interest only payments during the draw/advancement period of 10 years. When I received the final paperwor...
Matthew Egan
How to be sure an HOA will allow me to be a STR
Hi there!
I'm getting excited to purchase my first STR property. I've identified a nice little 3bd 2ba in a local summer destination that I may want to move in on. The property is also on a resort/golf course neighbo...
Obadiah Roszman
A Seasoning work-around?
My Situation:
I purchased a duplex with a business credit line and will be paying for the rehab costs from my business account. (Technically I contracted my company to do the work, a theme for another discussion.) W...
Lance Schaefer
Help with a prohibitive clause with Fannie Mae
I am making offers on Fannie Mae REO's through Homepath.com. In their offer to purchase contract there is a clause that says it is not assignable. Does anyone have a way around this?
I want to wholesale to rehabbers...
Thomas Staub
What’s going on in Cale Coral, Florida? Good market?
I’m considering buying a rental in Cape Coral? Any advice on what is happening in that market?
Samantha Klein
Inheriting duplex tenants you want to leave
I'll be closing on a duplex in a week and will be getting 2 tenants that come with the purchase. I plan on non-renewing them both. They are on M2M leases right now and I have plans to renovate one unit and I have tena...
John Terwilleger
Appraisal Valuation Metrics
Hello,When a bank is doing an appraisal to refinance a property what are some of the major metrics they look for? Also what are some small/inexpensive things you can do to bump up the appraisal a little?