Mike Schorah
How difficult is it to wholesale a property in excellent condition?
I have a property where the seller wants $175k for it. It’s in excellent condition. No work is needed to it at all. It’s been completely updated. The comps put it at $285k in excellent condition.How difficult would it...
Kim Wendland
Your advice for a poor condition property that is 100% owned?
Hey Fellow BiggerPockets Landlords, Most of the materials I've been learning about from Bigger Pockets assume you're buying a new property. But what if you've owned a BRR and didn't do the last RRs (refinance or repea...
Andy Chen
Advices on a deal with an old owner with memory condition.
I am looking at an off-market deal and the owner is old and seems having a bit memory issue. He also wants to lease back which is fine by me.Do you have any suggestions? I am a bit concerned that he will come back and...
Reagen Natho
Handling of Guest's Inability to Reach STR Due to Road Conditions
How would you handle a guest that was unable to reach your STR due to road conditions or their vehicle's ability?My STR is located up a steep road on a mountain outside of PForge. My last reservation was my first one ...
Mike Nelson
New air conditioning system ideas for 100 year old single-family
I would like to have a new central air conditioning system installed for my 1,800 SF 100-year old single family victorian-style residence in Oak Park, IL. The home is a two-story, with a full basement and a full att...
Account Closed
Cheap dulpexes in rent-able condition. Possible bad tenants. (and other issues)
Hi,
This past six months I've saved 10Gs to begin real estate investing, but since I'm new to investing I need some sound advice on some questions I've asked myself while considering what to buy.
A little about me:
...
Loc R.
4-Plex deal in critical condition. Plan B: anyone connected at Chase?
Summary of my 4-plex deal:
1. Seller buys house for $30,000 in 1969.
2. In 2004, seller takes out a $350K 1st Trust Deed against what was, at the time, a free-and-clear 4-plex.
3. By 2010, seller has let property ...
Edwin De leon
Under What Conditions Can Investors Deal Direct With Bank With Short Sales
Now with the new laws going into effect as of april 5th that real estate agents must handle all short sales, but under what conditions, this is not clear to me.
Questions:
1) can investors under the new HAFA and HAM...
Nick Latanision
Property is not in the same condition as when offer was submitted
Working on my first deal.. Not going so smooth. I recently made a cash offer on a bank owned property, 5 k deposit, they accepted my deal. The property had a small roof leak on the back 2nd story roof. Along with ...
Robert Steele
At what point is tenant not responsible for paint and carpet condition
I had a tenant move out after 5 years and the carpets are absolutely trashed. They were brand new when they moved in. I know the IRS assumes carpets are only good for 5 years so I am thinking I should not deduct this ...