Nick Dillaha
How to negotiate the old, not the broken...
HEY BP! Looking to buy my second home (owner occupied primary residence) and rent out my current townhouse and I need a couple negotiating tips to help me with my offer.The asking price is $249k (150/sq ft), the owner...
Jeffrey H.
Land Home Deal where Owner is not the Same - what would you do?
I am looking at a property this week that is waterfront and has an older doublewide mobile home on it (24 x 60). Needs complete rehab - even the ceilings need to be redone - probably 25k of work to make it nice and n...
Swetha Reddy
Need advice on First fourplex please
Need help analyzing first fourplex. Asking price:$165,000Our offer:$ 150,000All 4 units are rented. 2bed, 1 bath units and they rent for $450 each.So total rent:$1800We live in a very small Midwest town, properties ge...
Ken Wang
Capex for MD, DC, VA
Dear All, If we are looking at specific property type such as townhouse at range of 150k to 400k, and SFH at range 250k to 500k in MD, DC, or VA. What is the CapEx number you would put in? is $200/month a reasonable...
Tim Gallegos
Newbe with Questions, hoping to avoid a fiasco.
Hello,
My mother recently passed and left me her 1968 mobile home which is in good condition.
I have my own home which we found to have issues with mold recently. Because of the extent of the mold damage I filed mul...
Matthew Allen
Insurance for Flip
I recently got my first house under contract, and expect to close in 8 days. I need to get Insurance, but don't really know where to start. The Seller will live in the home for about 7 days after closing, then I will ...
William Zhang
Should I create a company for my rental properties
I heard some people have their own companies (LLC) for their rental properties. Is it necesary to do so? Is there any tax or other benefits by having a company? I just began to learn real estate investment and becomin...
Jairo Freyre
Building a multifamily home vs multiple homes
Hello Everyone,We are in the process of acquiring an old home that is currently on 4 lots (teardown). It is a smaller town that is in great need of rentals. Our plan is to have the lots re-plat into 4 separate lots an...
Aaron Vergason
How to Structure Selling House to Existing Tenant
Hey BP Community. I have a 5 year old tenant who would like to purchase the house they are renting from me in New York State. We verbally agreed to a "Sale Price". The tenant would need me to be the bank for them due ...
Mike Stefanelli
1st time buyer - Exterior work advice.
Hello BP community!First time home buyer here. I am buying a house to live in, fix up and either sell or rent out in the next 2-5 years. I had an inspector look at the home and it looks like it’s going to need a new r...