Jim M.
Deductions for a newbie
So I am a brand-newbie at this, have not done a deal yet. I realize that the very first thing I need to do is educate myself, which will probably take several months (which will put us into the next tax year) before ...
Account Closed
Baltimore Deal Analysis
Hey BP,In my electronic housing search, I've found a property that seems like the type of deal I'd like to invest in. Please take a look and let me know if I've missed anything.This property is in the Woodbourne-McCa...
Lucas S.
Advice For Dealing With Squatters In Adjacent Property?
Would appreciate any advice on this situation or if anyone can point out other options I might have to get the squatters out of the property next door?.
Background: I purchased a forclosure townhouse (used a...
Larry Ames
How much to put in an ad - Chesapeake, VA
I have a question about the appropriate amount of information that should be revealed in an ad regarding the credit scores and exposed incomes requirements we seek. I wish to reduce calls and meetings with folk that d...
Kevin Fonda
Evict or not to evict. That’s the question.
Looking for peoples opinion on this. I’ve owned a duplex for a year now in Orange County NY which is about 65 miles North of NYC. I have both apartments rented to single individuals that both keep the place clean and...
Adam Dassie
How much trouble am I in?
Hello, I am new to BP and have been reading posts for the past month.I am currently active duty military and set to be relocated in the spring. I bought a house here and some things didn't go as planned. The military ...
Christopher Hunter
Working with an agent
Buyer's agency agreementCompensation. Buyer shall pay firm compensation as follows:$3,000 to be paid up-front$1,000 to be deducted off of the first three properties that are purchased. (may be negotiable)Is this the ...
Cody C.
How much is reasonable for a coach?
Is 8000 too much for a coach? One who says their plan is to get you away from your day job within a year, and be making money in REI in about 30-60 days? He seems pretty knowledgeable, seems legit on his success, and ...
Stephanie Bell
Tips for first time landlord in Buffalo
Hello, I'm closing on my first investment property in about a month. It's located in Buffalo in the Five Points area. I live out of state (out of country, actually), and have never lived/rented/landlorded in the US. I...
Elizabeth F.
LTV and NOI. How do I find out Property Vallue of Mobile Home?
I am looking at a MH in ohio. I am from NYC. Currently 18 units rented, 11 empty, owner offering seller finance 5-6 % with balloon in 5 years.
Not sure how to determine LTV or NOi, cap rate 11 percent.
How do I a...