Connor Maxwell
A newbies first fix and flip project
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $190,000
Cash invested: $66,000
Sale price: $292,500
My first real estate related investment I completed ear...
Kalyanii K.
Post and beam foundation
I'm looking at a 4 plex that is distressed with post and beam foundation. I've heard that some lenders don't want to lend to units with post and beam foundation. Has this been anyone else's experience?
Wayne Mack
203K Tenant Occupied Unit
Hi,I am a relatively new investor, I haven't closed my first deal yet. I am looking in my area to purchase a property using the FHA 203K loan as I don't have a ton of cash for a down payment.The issue that I am encoun...
Nick Wehrley
Sell One to Build 2?
I have a 4/2 1550sqft rental (1945 build) that I’m considering selling to potentially build two 2/1 ~700-800sqft houses. My first rationale is the smaller homes will attract the type of tenet I’d prefer compared to th...
David Gruszka
Potential Candidate in Class B
Potential tenant in question and this is my first time renting tenants in this area. It’s a Class B maybe B- neighborhood right across the river from a Class C town attracting opportunists that steal if you leave some...
Trevor Kolb
Tagging and the BP app
After fiddling with BP on Google Chrome, I think I've figured out why sometimes the @tagging doesn't work. When responding to a post, I tried typing the @Nname and I typed the name incorrectly so I backspaced to corre...
Marisa Post
Short Sale Negotiations --- am I being taken advantage of?
Hi BP! I've been in the short sale process for about 6 months now on a home in Southern California. We're getting close to the finish and are now talking about closing costs, etc. with the listing agent / short sale n...
Charlotte Dunford
Broker playing mind game with me?
Have you ever been under contract, and doing your due diligence, and you find a bunch of problems. You ask for a concession, but the seller's broker keeps telling you that they don't really care if you back out becaus...
Hope N.
Inspector found mold. Should I cancel the deal?
The bank accepted an offer on an REO condo in Chicago, but the inspector found a small patch of mold (probably the size of a fist) on the bathroom ceiling. I know 5-7 years ago the HOA paid to patch the roof because t...
Colin Reid
Real Estate Professional Status
I have a question about Real Estate Professional status as it pertains to taxes. I've been an investor for about 4 years since I moved out of my first home and rented it out. Since then, I have bought two more homes, ...