James Andrews
How do lenders define "habitable" for a property?
I'm under contract to buy a house for $140k, that needs $50k ("high" guess) of repairs, to bring an ARV of $220k ("low" guess). I had a 3y balloon loan lined up for $100k, but the local bank backed out after seeing th...
Diane G.
Broken pipe under the ground - nightmare !! / ??
Hey - I am in need of some advice.. Thank you in advance
So I have a SFH that has been having frequent plugs in the kitchen in the last 1-2 years.. Finally, one plumber told me pipes might have cracked/broken under t...
Benjamin E.
Residential HELOC's at risk?
Hey all. Just wondering what your thoughts are on lenders closing existing/open lines of credit, especially given what we are seeing with the markets. Anyone have experience with this from 2009?
Joseph R.
Value of a realtor on high end spec homes
Hey guys...I work/invest with a spec builder in single family residential construction not far from NYC....most of our builds are listed between 1-2M - he's a realtor with a brokers license so he lists them all on MLS...
Stephanie York
Out of state landlord needs to sell
Out of state landlord has owned the house for less than a year and wants out, but tells me he can't get in touch with his tenants for us to see the inside. He has no pics available.
Account Closed
Copper Waste Lines
I’m interested in a property that has what looks like copper waste lines. Some has already been replaced with pvc but not all. Should this be a concern?
Andy Wilson
How would you define Over-leverage?
Hi BP,I realize again the importance of avoiding over-leveraging especially in this unforeseen recession crisis. I thought I would never leverage more than I can handle (pay them all back) in the worst situation, but ...
Eric Rossi
Neighbor's Sewer Backing Up on My Property
Hello,I bought my first rental property 3 years ago, which was an old (1886) single family home in the city. About a year after buying it, my tenants started complaining about smelling sewer gases. After doing a cam...
Nima Lama
plumbing issue found right after I purchased this townhome
Hi BP Team ,
Is there any window for the buyer to go back to Seller if any major issue is identified in the house but was not identified during the inspection ?
I bought this house on September 2017 and seller was ...
Reagan Stephens
New Investor
I am so glad I found this forum. I am new to investing in real estate and found out about REOs from a neighbor who is paid by banks to get them into selling condition if need be.
I have been searching for REOs in ...