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Hello,
I made an offer on a REO with 20% down and the rest is being financed. I was told that no inspection would be possible after accepted offer. My loan officer qualified me for a renovation loan to fix whatever...
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Hi Chicago BP peeps, this is my first post here so I’m still getting my bearings straight haha. Here’s our key question; is this a purchase and rehab you’d do or are we crazy for trying to take this on?Im attempting t...
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Happy Friday! Cheers!So my wife and I are both teachers in NY. We grossed $251,000 last year on our w2s and we file jointly. We purchased 2 rentals properties (2 duplexes) last year and with the work/renovations ...
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Hi BPs!Well, here I have another off-MLS bite. This is about to foreclose and comes with some luggage. I am wondering how to approach it. Any help is greatly appreciated. The City filed Lins Pendeds against the pr...
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I've brokered lots of rental deals where the tenant is requesting the landlord to do extra work or make improvements. Could be installing a dishwasher or laundry, refinishing floors and painting, or even more extensiv...
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We inherited a vacation home/cottage in Bluemont, VA a few years ago, which is in need of full-rehab. We made plans to renovate as it is located in gorgeous wine country, and perfect for an airbnb; however, zoning con...
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Hi all!I'm looking to get some advice on my next real estate endeavor in Los Angeles.My current goal is to not only make a wise investment, but I'd also like to upgrade my current living situation (I currently live in...
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Has anyone out there ever had a successful transition between raising rents SIGNIFICANTLY after buying rental units? I expect in essence to ask some very nice, elderly people to give up their "homes" and would lik...
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I purchased a duplex a year ago with inherited tenants. One moved out immediately, and I took that opportunity to fix up that side of the duplex. Now it is fabulous and rented. The tenants in the second side smoke ind...
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Happy New Year BPers! I'm looking for best practices advise/help. I recently purchased my first rental units back in May and all has been good. I have a single fam and a duplex. The tenants in the SFH called me th...