Naz Hossain
Older property surrounded by newer developements
Hi BP! I have an opportunity to purchase a Tri plex in a really good neighborhood/nicer part of town. This Tri was built in 1946 and it is surrounded by new developments. My question is, does that pose a risk for me ...
Duke Giordano
Partitioned IRR when evaluating a syndication
Hey All,When investing as a limited partner, whats your thoughts on looking at a Partitioned IRR to better evaluate return that is based on cas flow vs sale? What is a typical breakdown in most syndication deals for ...
Miles B.
What does it mean to "get an attorney"
Hi all ... I've seen a lot of posts saying that it's essential to have an attorney on speed dial; or that you need to have an attorney lined up BEFORE the deal get's started; etc etc. While I agree with this, I havent...
Kevin Nolan
Tenant Moved Washer and Dryer without my consent
Oh boy oh boy - So backstory, I just purchased this 2 unit rental property back in October 2020 and it came with washer/dryer that on the contract stated belonged to one of the tenants(who is section 8 and has been EX...
Mark Tomsick
Purchase Agreement- purchase price differs / escrow is less
I signed a purchase agreement to sell a property for 490,000. It was written that my total proceed would be 250,000 less any taxes etc. Buyer stated that he needed to state the higher number so the hard money lender ...
James H.
Mortgage interest rate changes
Well, its taken about 4 to 5 years for interest rates to drop about 3 percent, so roughly .75 percent per year. How fast do you thinnk they will rise? How fast can they rise? I am not well versed on what happened in t...
Robert Carpenter
HOA super lien states
In so called super lien states courts have apparently ruled that because an HOA's CCRs give them the right to put liens on property of residents behind in their dues, and because the CCRs were necessarily drafted bef...
Uday Maripalli
What is considered a reasonable HOA?
A lot of condos and town-homes in Seattle/Bellevue area seem to have really high HOAs. How does one decide if HOA fees are reasonable? We recently saw a town-home that we really like. There are about 20-21 town-homes ...
Bradley Gudim
Costa Rica REI PROs-CONs | Dos and Don'ts asks MagicBrad
I'm working on a project in Coast Rica. It's a hybrid of REI, Vacation Rental, Travel and Event Management.With me being based in the United States (Minneapolis, MN) I'm interested in learning of some of the issues th...
Parker Larsen
HELOC or cash out refinance?
So I’m having some analysis paralysis with looking at a Cash out refi vs a HELOC on my primary residence. To paint a picture, living in a townhome and will rent it out when we move in 2-4 years. I want to take advanta...