Lou Farese
Condo Complex Issue
Ok, so one of my BRRRRs is a condo in a complex that consists of 16 buildings that each have 4-5 units within them. There’s a long, twisted road of lack of communication, a “property manager”, a tenant (not mine), a l...
Arron Paulino
How do Subject To Offers work for the seller? Won't the loan be called due?
Does someone mind explaining subject to offers? I ask as I have received offers from buyers that want to do an assumption of the current mortgage via trust acquisition and provide a down payment due to the seller. The...
Romar Watson
Dud or Deal #1 (Cost/Profit Analysis)
Deal or Dud? I've been working on my analyzation skills when it comes to finding deals and seeing if the math makes sense after looking at the numbers for Buy and Hold properties. I found a property in Petersburg,...
Christopher Hough
Refinancing Home and HELOC Help
Hey Everyone.
Question: I'm currently on a 30 year loan and about to refinance for a 15 year loan. At the same time, I'm about to apply for a HELOC to leverage the 150K equity on my home to secure some funding for my...
Tom J.
LLC's and Bank Accounts for Property Management Company
Hi All,Currently I am a Property Management Company with 20 units that I manage. At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LL...
Lauren Elise
Do You Flip Properties that Have an Underground Oil Tank?
So I came across a house that has a motivated seller. Basically to the point where the person reduced the listing price around 60% and still hasn't been able to get a buyer. So, my question is would you buy a house th...
Daniel Suarez
All bills paid vs non-paid
Hey All, We have a 16-plex that we are remodeling by improving the appearance and removing window unit and replacing them with mini splits. We're trying to rent them from $575 with no luck, but it's much easier to ren...
Bradley Auclair
Questions about managing a property long distance
Hello BP,Does anybody have any input on managing properties long-distance? I’m 21 years old and active duty military. I own a duplex with my wife here in Beaufort. I plan on buying another multi-unit somewhere in Sout...
Account Closed
Spending money on homes inspections?
So lets say i get a deal that costs 200,000 but i got it for 180,000 under contract right?Then i do my due diligence. And i pay 2,000 for an inspection. And i find out there were 15,000 in repairs. So it means my real...
Stephen Lynch
Sewer main line replacement
Hello,I purchased a STR that was built in 1966 and has cast iron pipes on a crawl space. The tenant moved in and said the water was backing up. I had the line checked / hydro jetted and inside the crawl the pipes look...