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Choosing An Area - Where to Buy Rental Property?
Reprinted with permission
When choosing an area where to buy a rental property, there are several things to consider including, distance from your home, supply of potential tenants, average rents you can collect and ...
Shane Benner
House with Railroad(tracks) behind house
I have a question that I would love feedback on. I have found a property (3 bed / 2 ba SFR) that I have the opportunity to purchase for $150k and it will rent (great school district and highly sought after area) for ...
Lucas A Davidson
Landscaping and Adding Equity
Hello there!I'm eyeing a potential new brrrr. I have my full estimate from my contractor forthcoming, but am asking about landscaping and just how much equity can I really expect out of "minimalisation" of it.The home...
Jesse M.
Need advice on our current situation!
Hello BP members, I am looking for some perspective on a potential real estate transaction. My fiancée and I are in the early stages of REI and are focusing on learning the fix and flip strategy. We are currently rent...
Ramon Moreno
what legal docs should be required when lending private money
I was asked if i would like to be a private lender on a flip and im considering jumping in on the deal. Im just wondering what legal docs i should require.
Bienes Raices
Lead paint and rewiring (rental built before 1978)
I've been to see an REO that's been sitting on the market (built in 1970). It's in reasonably decent shape but it does have aluminum wiring, which I would need to have replaced for insurance (and safety) reasons if I ...
Manuel Sarabia
What happens if my apt building burns down and someone dies. How screwed am I?
Just saw on the news that a nearby apt from mine burned down and resulted in one death. Sucks for all parties involved but now its got me thinking it could happen to me. I have the place insured but something tells me...
Morgan Klein
Tenant wants vape clause removed in contract.
I have a new tenant that wants to vape. My PM has a no smoking/no vaping clause in her contract, and he (tenant) wants the vaping part removed. Does anyone have any experience with tenants that vape? Will vaping ca...
Doraine Warner
Renting a mansion, w/ugly burning pile there, my husband says OK!
It is on an 85 acre horse boarding farm, the house is about 5000 sq. ft, and would rent (when fixed up) for around $4k/mo. It has a horrible "burning pile" used on the "farm", with old furniture, metal, carpeting, woo...
Jonathan Olcott
Can an Owner Carry financing option work when the seller has an existing Mortgage
I found an off market deal yesterday. While attending an open house yesterday a neighbor and I began chatting and it turns out he wants to sell! He is house hacking a 2500 sqft 6 bed 3 bath with current rents at $6000...