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I’m looking at an 6 bdrm 3.5 bath duplex in Virginia. Ask was $200k ⬇️ to $184 currently. Needs work. Lots of cosmetic stuff + fuse box appears to be outdated (fire hazard). Question: Should hiring a home inspector be...
A property I like has 1 offer but they listing agent said I can still put an offer in because it hasnt been accepted. House needs a great deal of work probably close to 100k. I am making an offer contingent on inspect...
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Hello,I came across a listing in Hawaii for a condo that is currently tenant occupied. I want to know what Leaseholding means and pos/neg for RE investor. I've read about Fee simple and to my understanding this is a b...
Hello,I am buying my first property. Today I got back the inspection and the radon came back high. I found the property on Craigslist and used my real estate attorney to draft the purchase agreement, which we have bo...
Just 1 week before closing, the survey result shows that the actual plot size is 2.03 acres compared to 3.6 as shared in MLS. The house is in NJ and in a prime location. The house is for 700K. What are my options for ...
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I came across a national chain restaurant for close to 3M. The CAP rateis about 7.25 and has about 10 years of lease remaining. The Cap rate becomes 8% on purchase price in two years due to price escalation. From a re...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Olmsted.
Purchase price: $72,000
Cash invested: $26,000
Top/Bottom Duplex. One rented to Section 8.
What made yo...
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Hi BP community! I am new around here and my husband and I are in the due diligence phase of hopefully closing our first deal! It's two duplexes in a popular area of town that's currently being revitalized. Current...
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Hi All,Curious to get everyone's thoughts here on buying leasehold properties from an investment standpoint. I'm looking to purchase a condo in the $400-$800k range, and plan on making it a STR. Undecided if I will se...
I am new to this forum. I have been using a property management company for almost 1 year. I have found it to be stressful and feel like I need to micromanage them.I came into this situation after my husband died and ...