Jocelyn Canfield
legality/fairness of higher real estate taxes for investor owned
My son recently moved to South Carolina and I was looking to buy a long term rental property in his area but discovered that the real estate property tax is TRIPLE for non owner-occupied homes. How is this even legal?...
Aidan Mollahan
Leak in roof after closing
I recently closed on my first house and after about 1 month the first rain came and it was discovered that there was a leak due to a water stain on the ceiling. Prior to closing I had a house inspection and it was not...
Brian Porter
Buying foreclosures on the courthouse steps
I have been a professional Realtor for 7 years and a real estate investor for 10 years, and I just recently discovered the secret to buying properties on the courthouse steps. You have to join a team. You can't do i...
Seth Baumgartner
How do Bridge loans work?
I'm just starting out, I have never used a loan and I'm having trouble understanding what's normal for loans. I'm Specifically interested in bridge loans and what is normal for them.
Anthony Janke
Newbie: Action or wait?
Hello BP Members,Sorry in advance for the long post.So, for some background: I have been diving headlong into the material of the site as well as books and other material to get started in REI. I have settled on the s...
Matthew Vance
Denver Airbnb Tiny Home RV?
I came across a very interesting Airbnb host located in Denver who has a very successful tiny home (on wheels, which would classify it as an RV) in their backyard.After a little research on DenverGov this seems like i...
Jen Narragon
Long-term rentals versus Airbnb
We own a quadplex in the heart of San Luis Obispo, CA. and for about a year and a half, we've been running our rental business. One unit we rent on Airbnb, we live in one unit, and we rent the other two as longer-ter...
Herm M.
Closed first short sale...trying to catch up on things.
I closed my first flip, and my bottom line is between $51,600 and $57,300*.
Anybody who hasn't closed one, here's the most important things I learned:
1) TRY TO HAVE YOUR OWN FUNDS TO CLOSE THE A-B.
2) ALL YOUR PRO...
Asher Anthes
Estimating ARV... Factor out distressed sales?
When estimating the approximate retail value that I should get when the house is fully fixed up, isn't it necessary to not use the "distressed sales" in my comps? Obviously, in today's market there are a good many fo...
Tim Bryant
New member from Indianapolis, Indiana
Hello everyone, my name is Tim Bryant and I currently reside in Indianapolis, Indiana. I was a mortgage loan originator from 2005-2008. Being an originator was very satisfying. I enjoyed helping and protecting people ...