David Miller
Question about comps, appraisal, and home value
Hi all,I am under contract for my first long term rental buy. It is an off market as-is deal. The purchase price is $81,000. Comps around the area are around 100,000-130,000. This house is in very good condition, bu...
James C Wright
Short Term Rentals in New Orleans, Good Idea?
Hi All, I've been going back and forth trying to decide if purchasing an investment property in New Orleans is a good idea. I've read a few articles about how the city is trying to crack down on short term rentals suc...
Lynn McGeein
1031 Qualified Intermediary recommendation Virginia Beach VA
Can anyone recommend a qualified intermediary for a 1031 exchange in the Virginia Beach, VA area? I'm also looking for a good closing attorney who can handle real estate transfers with potential estate issues (possib...
Account Closed
Who's investing in California?
Preface: Having lived (rented) and managed multifamily property in California, I know it is extremely tenant friendly and sometimes feels like crazy town.I recently came across this article (Yes its from February) abo...
Christopher Wall
Raising rent as a New Landlord
Hello everyone!
I'm closing on a house in a week and the seller inherited the house and didn't have to pay a mortgage so she kept the rent prices under market value. For a three bedroom in East Orange NJ , the marke...
Terra Twymon
PROBATE IN ALABAMA
Is anyone familiar with the probate process in Birmingham/Alabama. Can a property be purchased while going through the probate process?
Thanks
Burt L.
How to Proceed If Another Investor At The Property w/ the Owner?
Looked at a property today and I was the first investor to arrive. I viewed it with a relative of the owner, and in the meantime another investor had arrived and was speaking to the owner outside the property. When th...
Nicole Richards
Drawbacks to classifying a loan as a 2nd home vs invest. property
I appreciate some advice here. We are attempting to making our first purchase of a rental out of state where are kids are attending college. Attempting a college house hack. ($10K savings yearly vs living on campus)...
Jason Johnson
Who is the owner of this house in Utah?
I've found a great deal here in Utah but I need to know who to contact. The home has been abandoned for 3 years and taxes haven't been paid in just as long. Looking at the tax records, it was owned free and clear by o...
Alice C.
Quit Claim Deed
Hi Experts,I loaned money to a borrower to purchase a property via a private lending mortgage broker. The loan was secured by 2 properties in Chicago.In the closing documents, there's an Escrow Agreement which says th...