Alan Asriants
What are some renovation mistakes that hold new investors make?
Would be interested to hear from new and seasoned investors!I can start and others can add as well- Under improvement - I think lots of people try to get away with doing the bare minimum but expecting top dollar rent...
Shelby Pracht
Removing Squatters in Alabama
Hey there y'all, I'm considering putting in an offer on a property that I know has squatters in it. Ideally, I'm planning on using the cash for keys strategy to get them out quickly and painlessly. However, if that do...
Jamie Bateman
Condo as rental - good deal?
Foreclosure - 1 BR, 1BA condo in good area of Baltimore County, MD; needs maybe 10k in work. Listed for 90k, can rent for $950, but $265 condo fee. Offer would be cash. Thoughts?
Vishesh Shah
Would you buy a flip in a flood zone?
I am a newbie investor that is currently looking into a house flip in Northern NJ. I have a specific house that I like, it is off-market and seems to be a good deal. The only issue with the property is that it is in a...
James Tatlow
Lender and flood insurance
Hi BP -I have encountered an odd situation that I want to run past the community. I have 2 duplexes under contract. They are right next door to each other but are on separate APNs so the sale is being treated as two...
Aaron Smith
Utilities
Hey BP gang,I'm looking at a 15 unit property in Detroit. The price is decent, as is the rent. However, the landlord pays for everything but electricity. So last year, the utilities came to $17k!!!! Which of course, k...
Jean De la cruz
Deposite cash while qualifying for a mortgage
Hello BP,
I am in the process to purchase my first investment property. Already have a pre-approval and the house I want to buy. The only problem is I only have a portion of the down payment plus closing cost in my ba...
Chris Wang
Rental property risk averse
As a new rental property investor, I totally agree with Turner Brandan's statement in <Rental Property Investing>, you would be sued sooner or later. Though we can control the risk by screening the tenants care...
Vanessa Peters
Rookie Mistake with Insurance and my uninsurable FLIP
ROOKIE MISTAKE!!! Just telling my tale hoping someone will give me some advice or hoping this will help someone else. We bought our first property. Yeah!!! We've been planning on doing this for awhile. I contacte...
Tom LaRocque
Higher deductible killed conventional and FHA - Now what?
My condo is an HOA that is suddenly non-warrantable for conventional financing. To save money, management raised the wind and hail insurance deductible from 5 to 10 percent. That exceeds the 5 percent max allowed by ...