Sarah Johnson
Buyer's agent listed property for rent before closing
A day before we close, we found out that the buyer wanted an extension. We have been in closing for 6 weeks already and they are asking for another 2 weeks. We found out that 8 days ago the buyer's agent had listed ou...
Bill S.
Three offer outcome - owner carry 100% financing at below market
Just wanted to post the outcome of my successful 3 offer approach. I offered $175k all cash, $185K with 10% down and the balance for 2 years at 3% and $195K with 0% down for 5 years (30 year am at 5%) and they took th...
Edward R.
Renting to Fire displaced people & Insurance PAYS 6 months above
Wow.! Just listed my really nice flip here in the suburbs and having some offer activity. THEN a real estate company in NYC (6 hours away) emails me. offers me $500 above my $2100 rental listing (I put up for sal...
Art Maydan
Duplex Water Metering
I bought a duplex that was a gut rehab and I was told everything is metered separately, and the gas and electricity are. I got the first water bill and it’s $900 for 6 months. I called and they said that if I get a bi...
Jeff Howard
First rental property last year, how can I write off more than 5K
I bought my first rental property last year and I am trying to write off as much of the expenditures as I can. We had a lot of expenses going in, closing costs, repairs, and improvements. Our total expenses outside ...
Lathan Cram
What was your first investment?
1.) What was your first real estate investment?
2.) Pros and cons of the route you took?
3.) Would you recommend a beginner investor take the same path you took to get started as a real estate investor?
Thanks i...
Edward Ray
Do you pay yorself a base monthly salary?
Hi BP'ers,I'm working on my first property.It is a city property that I own free and clear.I purchased it for 8K ,will put 40k in rehab(60% gutted). ARV might be about 55-60k Its a 3/3 duplex.Projected rents $625-...
Account Closed
FSBO vs Agent, or rent
My house has been listed on the MLS for about 5 weeks, and on Craigslist and a number of other sites for the same time. There have been few calls from realtors, One rejected offer, and only a few from internet sites. ...
Eric Teran
Contacted Owner of rental property to sell me his house, now what
About two weeks ago my wife and I were out for a walk in the neighborhood (Alexandria, VA) and we noticed a house for rent that was not that well kept. My wife told me to call the number on the window so I did. I told...
Roxanne McClain
Is this too good of a deal to pass up?
I have been looking to purchase my first rental property and have kind of drug my feet a little, but mainly because the market where I live is overpriced for rentals on the MLS listing. I was talking to a contractor a...