Patrick Desjardins
Failure to pay at foreclosure auction question
Hey guys,I was foreclosing on a 2nd mortgage in Florida and just expected it to revert back to us and end up as a rental subject-to the first. Someone actually bid on it and had to deposit $7,500 but then didn't depos...
Alex Tang
Security Deposit for Sellers who are temporarily renting?
When a Seller wants to rent out the home until their new place is ready, is advisable to charge them a security deposit? Since a walkthru prior to closing doesn't sound useful, would a security deposit offer similar p...
Phil Good
Tree Roots in Sewer Line - Scoped when Bought & No Issues Found
Hey Guys,I bought a duplex in Atlanta (first rental property) in early June 2018. Inspection report showed no major issues that the seller didn't fix. Inspector advised inspecting sewer line. I used a plumber recommen...
Manish Naidu
To Sell or Keep??? Advice please...
Hi All,I bought a 3 bed 2 bath condo about 3-4yrs ago. Purchase price was $125K (short-sale). It rents for $1500-1600/month.My tenant will be moving out next month and I can't decide if I should sell or keep it. The m...
Danny McGreevy
FHA Loan or 20% down on fourplex, first property
I am buying my first property, which is a fourplex. It will be owner-occupied and I will be living in one unit. I can afford to put 20% down and get a conventional loan, but should I really be considering an FHA Loa...
Louis L.
Refinance Vs Sell multifamily rental
Upon completion of a multifamily building renovation - do you usually sell the entire building, or refinance it to get the equity and hold it for the residual cash flow?As far as a business plan, I am struggling with ...
Tom Horan
Partnerships with Sellers
Hey BP - I have a property lead that is a current duplex in the Denver Metro area. The numbers don't look great with an outright purchase at 20+% down. COC, Cash Flow, Down Payment - nothing really looks too great abo...
Cornelius Jamison
Setting up my 1st Rental, New Orleans SFH
I recently closed on my first rental property! A new build SFH in New Orleans, Gert Town near Xavier Univ. I am thrilled to have been able to purchase this property and ready to make it a success. I'm getting the prop...
Curt Treece
Am I in the middle of a BRRRR already?
My wife and moved out of our primary residence a little over a year ago. We got it rent ready (new carpet, paint, replaced the last of the white appliances with stainless, LVP downstairs...). After our first tenants...
Jonathan Darling
BRRRR Method Refinance
Hello everyone,I'm just starting out in real estate investing and I'm thinking about using the BRRRR method. But the one piece I'm still not sure about is the refi. One example I've seen is you buy a house for $70,000...