Jonathan Stone
Leaping Hurdles to Close My First 2 4 Plexes 100 Miles From Home
BackgroundIn 2010 I bought a bank owned 3 bed 2.5 bath single family property using an FHA loan which required a 5% down payment. The purchase price was $73K so this equated to approximately $3,700 out of pocket. Dur...
Deandre P.
Refinacing a free and clear property/Seasoning Requirements
Hello All,Hoping someone may be able to provide some information. I have a property that I am currently in the process of preparing. The deed was transffered to me a few weeks ago, it was a family property that was s...
Donnell Jackson
Looking for advice on how to start
Hey BP Family,i recently joined this site based on a book I came across about real estate investing and it pretty much said this site is a wealth of information and experience. All of my real estate experience has bee...
April Clegg
Won bid but auction.com pulled out of the deal?
I recently bid on a home through auction.com for the first time. We won the bid! As I waited a week for the documents, my realtor called to inform me the seller pulled out of the deal? How can a home be listed on auct...
Steve Wilcox
Buyers Bank Demanding my HUD1
I am in the process of trying to close on the sale of a property, and the bank has been a huge hassle. The home was under contract for $155 per sq-ft which is totally in line with all comps and lower than some provide...
Oscka Flocka
first time landlord!
I'm looking to become a landlord in the near future. I've already looked into a duplex with tenants in place. any tips? what to do and what not to do for beginning landlords? I've talked to my realtor friend and she g...
James McGovern
Any reason why I shouldn't open source my building plans?
Before getting into real estate, I dabbled in Information Technology where the concept of open source software runs strong. I am thinking about creating an open source project focused solely on building plans. Has thi...
Ryan Sauer
First time landlord as of Friday. Tax questions. Any tips?
Hello everyone,I became a landlord for the first time ever on Friday. My property is a 4-plex in Welland, all units 3 bedroom, 1 bathroom and a basement. Each unit is fully rented, so I provided each tenant with a new...
Reed Lambier
Finally acquired my first property.
Probably a terrible time to buy a house but I just purchased my first home. It's a 3 story, 3 bed, 3 full bath townhouse in Vancouver WA. It is set up perfectly to rent out but I have to do some light work on it first...
Brian Plajer
How do you verify rent roll?
Hello, When reviewing a multifamily property and the current rent is listed how do you verify that the current tenants are actually paying their rent? Anyone can create a spreadsheet. I often hear about the rent roll ...