Chris Kane
Sub-Prime Shakiness!!!!
I'm curious what other members are thinking of the recent sub-prime debacle ( New Century etc..). It's inevitable that there are going to be some lending constraints, it actually already seems like it has begun.. Thi...
Sidney S.
Assistance with Analysis of Property in Bronzeville, IL
Hi all!I am new to BP and have a pressing situation.My husband and I are interested in a property in the Bronzeville Chicago neighborhood and are teaming up with someone local to the area for this potential deal. Thi...
Derek Magdziak
Valuation of Multifamily Apartments - No Tenants
When evaluating a multifamily property (5+ units), one would determine the actual property income (the total income the property generated in the prior 12 months) and use this calculation as part of the calculation fo...
Andrejs Duda
Market In Atlanta
I've read a few articles about best markets to invest at in the States, and I thought Atlanta, Ga was up there, but the results I am getting here are all over the place. Please comment on this as I want to know invest...
N/A N/A
Question to ask the seller
When reviewing a investment property (rental) what initial questions should ask the seller? Current rent roll? Review W2? etc....
Thanks all
Linda Mason
Fannie Mae Nightmare
Need advice. Purchased home from Fannie Mae that was stickered WINTERIZED on every piece of plumbing. After closing a plumber told me all the lines were busted. The walls had to be ripped out throughout hse and pipe...
Matthew J. T.
Wholesaling deals listed on the MLS?
I've read you could do it, but just a little curious how that goes. As far as I know, these sellers are listed on a flat fee (because they need to move quick, and need money and it doesn't show a picture of the REALT...
Richard Duane McClellan
Seller Knowingly Didn't Disclose Flood - What should I Ask For?
Hi Everyone,I purchased a condo in Arlington, TX in late February. The SDN stated there was no prior flood, flood damage, or flooding at all on the property, and my inspection did not find any of these details either...
Morgan Bentley
4 "Condos" on a single tax parcel?
Hello All, I am currently under contract on a 4-plex, however I've run into an odd title/lending issue. In the title report, the property is listed as a condominium, yet all 4 units are associated with a single tax p...
Suzanne Chan
Roofing Question - Decking Material calculated before or after?
Hello BP community, I have a question about a roofing invoice. I had 2 roofing bids for a complete tear-off with a new TPO roof. I got a bid for $27K and then I asked another roofer to match it, which he did. I chose ...