Ben Corby
I messed up buying a property at tax sale in PA
Hello everyone, this is my first time posting on BP. A little about me, I have been investing in RE for about 11-12 years now. I have 22 rental units, mix of SFH and multis. I have done a bunch of flip properties.I...
Gary Marcotte
Is REO inventory overpriced everywhere?
I am a rehabber dealing mostly with REO properties and I am having a miserable time finding deals. I am up here in New England (northern MA/southern NH) and for the past 6-8 months the prices on REO properties have i...
Mike Williams
Don't rent to strippers, hair stylists, or people on disability
Just a tip for you all starting out… Don't rent to strippers, hair stylists, bartenders etc… If they are in the cash business, they are uncollectable. You need to find someone with a good job that is not worth leavi...
Paul Staszel
NO GUNS ALLOWED!!! sticker... should I put it up or not?
Concealed carry and gun laws are becoming growing topics. With that being said, should a landlord of a multifamily unit (5 plus units) make his/her building a Gun Free Zone (if the state law permits)? Should the lan...
Marie Skaggs
bad tenant, eviction, appeal, what do i do?
OK so we bought our 1st rental property... spent about 10 months of hard work and sweat to completely gut it and put it back into great shape on our own. Got our tenant and she had a good background check, a job, pr...
Luke Stewart
Downtown Chicago Midterm Rentals
I am looking to buy a condo in the city using a second home loan. I know all the second home loan requirements so no need to hash that out here. I am more interested in people who do midterm rentals, anything over 1 m...
Marcus Griffin
Buy subto sell via wrap question
Im closing on my 1st subto deal at $300K(240k mortgage balance, $60k Partial claim balance) Seller interest rate is 3.4% payment is $1900. I'm looking to wrap this to a end buyer for $350k at 9% interest 10% down. Sho...
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, fr...
Dustin Calgaro
Cash-out or partner on my 4 unit property in Costa Rica
Hi BPers
I bought and completely remodeled a building with three side-by-side, 2 bed 1 bath apartments and one small, 2 bed 1 bath house on ~1.5 acres in Ojochal, Costa Rica. I added a pool and did some landscaping a...
Robin Hines
WARNING: Matt Motil of Cleveland, OH
TL;DR Matt Motil is a fraud. Do not invest with him.
Warning, this is a long post. My purpose here is to save some of you from the experience I now find myself in after providing a short-term loan to Matt Motil of C...