Account Closed
Foreclosures are coming back
U.S. Foreclosure Activity Continues to Increase Despite Government Moratorium
Highest foreclosure rates in Delaware, Illinois, and Florida
Nationwide one in every 4,078 housing units had a foreclosure filing in Q1 2...
Levi Gale
Who does not use the 50% rule?
Hello,
Who here does not follow the 50% rule when analyzing/purchasing a property for long term hold? There are a few reasons I can see someone not using it i.e. they are relying on appreciation (not my cup of tea), ...
Seth Mosley
ASSET PROTECTION PODCAST
Hey all..interested to hear some discussion surrounding the recent BP Podcast on Asset Protection (the "YOU WILL GET SUED" issue)So far I have 7 rental properties all multi unit having several units each, and they are...
Justin S.
What would you do? Hold or Sell?
I believe I may already know the popular vote, but here is my situation: I purchased a brownstone in Brooklyn in 2014 as a shell and the house underwent a gut renovation. It is a 3 unit building that my wife and I occ...
Jimmy Watson
250K appreciation in 5 years with $400+/month CF. Time to exit?
Hi all,I purchased a 3 bed, 2 bath condo in Oceanside, CA with a VA loan for 0 down in 2017 for $336,000. My mortgage rate is 2.75%, I owe 300K on the property, and the unit right next to me just sold for $530K a few...
Ricardo Murph II
New landlord - Current tenant has a Pitbull, best way to proceed
Just closed on a Duplex in Cleveland Ohio. When setting up insurance with a broker the company with the best rates does no allow for pitbulls. Well my tenant has a pit and two chihuahuas. He is on month to month payin...
Daniel Ortiz
Reserves - How much cushion do you need?
Hi All, My goal is to purchase a multi family rental in 2018 and house hack it. I'm curious to know how much you all budgeted for reserves when you purchased your first deal? Would you take your 401k into consideratio...
Luke H.
No one with good enough credit
Hello all, hope all is well. This rental has been on the market for 15 days and after 48 leads no one has qualified. Due to no one having 600+ credit score. There is a married couple, with 2 kids that claim they have...
Patrick Philip
How to invest $10 million?
At some point in my life, I will be getting a huge inheritance. $10 million or more. How to use this in real estate? What provides the greatest returns? I know that even large firms make their greatest by purchasing v...
Alan Clarke
Wholesaling Contingency
I just finished reading this article:
http://www.biggerpockets.com/renewsblog/2006/11/25/wholesaling-real-estate-basics/
“If you end up not being able to sell the property before you are expected to close then you u...