So I found a property that has SERIOUS potential. The duplex is owned by an elderly couple, both of which were moved into a home and this is an estate sale. Asking price is $27,900 and assessed value is $19,800. The h...
Hey BP! I'm a Texas landlord and recently told one of my tenants that January would be their last month. Since they were on a month to month and I want to do some renovations. Needless to say, they weren't happy to he...
What happens if we buy a house and then it turns out the seller has liens and a HELOC loan / debt that is larger than the sale price?
My mentor recently has been preaching, "everything works, but nothing doesn't." Sure the market HAS shifted, and sitting and watching things develop feels safe. However, if you keep telling yourself you'll wait for XY...
Hey Y'all,I am a new investor, so let me know if I should focus my energy elsewhere. I want to invest in SLC,UT it is what I know really well, and I only see it going up. Initially I thought multi family units, but I ...
To my surprise, after 8 months I found out last week that the 2 people who signed the lease do not live there. Their daughter lives in the house with her boyfriend. I’ve never felt the need to just drop by unannounc...
I have a 4plex in contract now and we are trying to verify all the income and expenses. The buildings held in an LLC and we've been asking for the schedule e but the sellers told us "We don't file a separate tax for t...
This statement (and ones similar to it) is probably the most common thing you’ll hear in Hawaii. I would imagine the same is true in other high cost/low cap rate areas like California and some East Coast metro cities...
I own an investment property (condo), in Ohio. The association has always carried flood insurance. I've found that they decided not to renew the flood insurance. This is without notice or a vote from the condo owners....
Hey guys, I a working with a community bank and a commercial mortgage broker on small (20ish unit) multifamily property. Both of these people say seller carry back with a bank or agency loan doesn't exist... what am I...