Chris Barry
First REI in a potential flip
Hello to all. This is my first post in this forum and I am looking forward to being around a long time.
I have been a home builder for 25 years and a real estate broker for 30. As you know the market has been VERY fl...
Danielle Prendergast
Buying Townhomes/Condos for Buy and Hold Strategy
Hi BP,
I know for the most part that buying SFH and mutli family homes are better for long term investing strategies due to the appreciation and HOA/rental factors. However, granted you find a property with decent ca...
Matt Markel
former flip turned REO @ 49k
In my area, there is a listing that just came up at 49K. It was flipped by a guy i know and trust his work back in 2009, sold then for 99k. just went through foreclosure and is listed as REO at 49K. I know it needs ...
Sean Yan
How should I improve an SFH that I want to hold for 5 years?
Background
- Location: Bay Area Peninsula
- House Price: ~$1M, Mortgage $700k
- Rent with similar square footage: $4000/month
Running the number, it looks like it marginally break-even.
But I re...
Jeffrey Gordon
Removing a Unit from Section 8 Voucher Program
We are looking at a attached Row House that is SF rental by current owner and in Section 8 Voucher program.
From reading a few articles here on BP it seems that Local Housing Authority probably supersede ...
Laura Levine
NJ Inspector missed major issues, options for legal recourse?
Hi All,My husband and I recently bought a 90 year old 2 family home in Northern NJ. We had what we thought was an extensive home inspection completed, including a termite inspection. We planned on doing renovations,...
Dan Schweit
Opinions on MLS properties??
What are your thoughts on MLS listed properties (Redfin, Zillow, Realtor)? Does anyone find good deals this way? As soon as I find what seems like a deal I pause and wonder why, if it is a good deal, was it not snatch...
Tricia Brock
Need Advice: Bought a house with an unmarketable title
Hello All and thanks for stopping by to help.I purchased a SFH in 2019 in Saratoga Springs, NY. I purchased a fee title insurance policy on the property. No issues arose regarding the title when we closed on the prope...
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Do I need a license to broker private/hard money loans?
I heard that there is no license needed to broker private/ hard money loans, Is there any truth to this? I know that you don't need one in the commercial sector. Is there one needed in the residential hard mney sec...
Brian Cowan
Are there loans that do not show up on credit report
I am trying to purchase a property but do not have enough for the down payment yet as I just purchased another property recently. It is a smoking deal with tons of cash flow potential so I am about to lock it up in a ...