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Bank Ownership vs. Mortgage Co. ownership of REO Few Q's
Just joined great site. 1st question: I have seen several references that banks are not allowed to keep investment property/buildings unless they are used in the course of their principle business. Therefore they mu...
Jerry Peng
Wilmington, DE, the Cash Flow seems great, am I missing something
I've been saving up some money since leaving college and now have enough capital to deploy in buying a SFH/Duplex property. I'm interested in Wilmington after analyzing rent to cost ratios. I've realized that most top...
Aman Kaur
Structural inspection making me reconsider buying property
During the inspection, a crack was discovered outside the building but no crack inside. There are signs of some water damage. My reliable contractor says 10k in expense. My fear is will the building collapse down th...
Albert D.
Closed first motel deal...made front page on local news :)
Closed the deal earlier this week. Onsite manager forwarded me the article today. Unexpected but happy to have the free coverage. :)Grand Prix Motel now under new ownership
By JULI WATSON NEIL Staff Writer 18 hrs ...
Christopher Smith
California Draconian Rent Control Proposition 21
California will once again have on the November ballot a massively draconian and destabilizing rent control measure. The current measure PROP 21 is very similar to a previous measure that was soundly defeated in 2018....
Calvin Jordan
The Po Po (Police) called to my first rental property
So I have my very fist tenant. She passed screening and was the only applicant on the application. Long story short her first night in the property the police were called out for a domestic disturbance. I feel like I...
Colin Reid
Civvl - Has anyone heard of it?
I just heard about Civvl today, visited their website, and I'm still not sure what they actually do. They claim to be "the Uber of evictions." Basically it's a gig app to recruit process servers, workers to clean out ...
James Chiu
New from NYC
Hello all,
Just heard about BP last week and currently reading as much as I can about REI and the different investment strategies. I am currently leaning towards buy and hold of out of state turnkey properties to sta...
Dorian Weber
HELOC came back less than expected - now what?
Numbers
House appraised for $350k
Owe $150k
HELOC based off of credit (740), appraisal of house (350K), No credit card debt only a car payment ($350 a month) and house payment ($1600 a month)
$33k
I changed indus...
Jim Bentley
Rejecting tenants based on their appearance
This question came up from reading http://www.biggerpockets.com/renewsblog/2013/01/27/tenant-screening/ on this site:
In that article, it advises landlords to check out a potential tenant's appearance, attitude, car...