Hi there BP! I've stumbled across a package deal to acquire 3 Mobile Home Parks. The seller will carry 50% if I purchase all three parks. The prices are right, and they all cash flow with tenants owning all but 2 of...
Hello everyone, hope you all are staying safe and in good health. I need some advice regarding a cash out refi. So I currently own a 4-plex in Phoenix and currently have a loan balance of $295k. My current rate is at ...
My family is in a weird spot right now with my grandmother and her estate. She is not in good health and needed to go to an assisted living facility. My mother has been managing her estate and is getting tired of ma...
Hi folks,
My wife and I are planning to buy our first property in Seattle. The property is around 50k over our budget but we plan to offset the additional cost through Airbnb. Anyway, the question I have for this gro...
Hello,I was wondering if any of you have had a situation like this arise. I own a college rental property with 6 students renting for a yearly lease. They came to us as a group of 6 and signed the lease without ever d...
Hi BiggerPockets. I'm looking for some advice regarding the transfer of property from my in-laws to their 3 adult daughters. I will, of course, seek advice from a legal/tax professional, but recall from time that I pr...
After purchasing multiple parks and managing them over the past few years here's my synopsis of the pros and cons of owning a park. What has been your experience?
Pros:
Steady Income: One of the biggest advantages ...
My friend Ted will receive a house as his uncle is passing away soon. The house is in North Hollywood Los Angeles County with a $525k reverse mortgage, property valued at $950k. Ted has poor income and 670 FICO and wi...
I'm thinking that I might do best if I purchase a mailing list. I've tried (on a small scale) mailing to the owners of properties I've driven by that look run down or abandoned with so-so success (4 calls from 73 let...
Hey guys,
Still renting until I'm in financial shape to buy but I recently need some renters advice. I just moved out August 3rd because my place was burglarized. My sons room had a chalk board walk so I primed it a...