Susan L mann
property in bad area with little potential for profit
We are a non-profit in NJ that was deeded a property in East Chicago, IN. We are being told by the attorney the area is known for water quality problem & gang violence and the house is in bad shape. There appear...
Adam Peacock
Good/Bad? HELOC per property for emergency repair costs
Greetings BP fam,As I continue to build my portfolio, I understand investors should be baking a cash reserve into the cost of a rental's cash flow equation to cover planned/expected costs such as roofing or water heat...
Andrew Grieb
Bad Experience with Paradigm Property Management in Baltimore Maryland
BP,I have used Paradigm Property Management for two years and I just decided to let them go last month. You are truly hiring the person and not the company, because a great manager can make or break your business. T...
Alex E.
how bad should the condition of the property be?
Hi,
I have been wholesaling for a couple months now and I initially thought that properties should be in terrible condition for a rehabber to be interested. But, I have talked to a few rehabbers and they say they wil...
James De Silva
Purchasing an property with tenants with bad history - Advice?
Hi BP. I'm looking at duplex property in Oakland county, Michigan which has tenants in it. The tenant has been there for 3 years and they have been consistently late at paying the rent. I would say at least 75% of pay...
Susan W.
New shopping mall - good or bad to rental property
I'm purchasing a 2-family house close to NYC. The town has re-development plan. Currently, there is a warehouse in front of the 2-family house. The warehouse will become a shopping mall or retail space on the ground a...
Anthony Gale
the property across the road in a bad area
there is a part of the city extremely well off with houses from 125000 2/1, to 1000000 houses, with two schools running three blocks on one streets a buffer. On the other side of the school are mill homes(smaller 2/1...
Victoria Coleman
Investing in multifamily properties in areas with bad winters
Hi Everyone!I am originally from Erie, PA. For those of you who are not familiar with the area, the winters are pretty harsh. Extremely cold weather and LOTS of snow. I am considering what to do for my first investmen...
Wesley Childers
Getting started with Cheap properties in a bad market
I live in a unique area. It is very poor. Average rent is around $600 a month for a 3br home. With that being said it is not uncommon to find homes for under $40,000. Most of the time they have some minor cosmetic pro...
Blair Syme
Home warranty for rental property recommendation?? 2-10 = bad!
Hi all! Thanks for being such a wonderful community of helpful and willing guidance counselors! Just want to know if anyone had had a positive experience with a home warranty company...I had 2-10 for the two years I p...