Hi BPers,I have an off market property, let me show you the numbers, please tell me what YOU would do in my shoes... :SFH 2/1Acquisition: 185,000Rehab: 20,000ARV: 250,000Potential Rent: 1800/monthTaxes: 5,000 (yeah, N...
Hello, I just purchased my first rental property in December and I'm in need of advice. Keep in mind I'm new to this and I'm 18 years old. I bought a home at below value at about 32k and it is worth 45k. I currently h...
Hello, Im a young kid and I read the real estate book by bigger pockets. I was drawn to the idea of wholesaling and I understand that I am unable to do it until I am 18. So I want to read a wholesale book so I can hit...
Is anyone having any success with removing tenants during COVID in an area where eviction courts are still closed? I have a few tenants who were in the eviction process prior to the COVID shut-down and courts closed...
Hi BP,I am set to close on a 12 unit apartment building Aug. 1st. The rents are a little low compared to the other rents in the area. What are your thoughts on raising the rent with everything going on? The rent raise...
Hello, everyone!I have been reading a lot on comps lately. (Thanks to Steve Babiak's post "Finding Comps - FAQ") but I have come up with a question. Which talent would you rather have: estimating comps or estimating...
there is a mixed use building in my hometown that has been open for three years. I found out threw two friends of mine that there is two businesses that have asked to lease it but the current owner wont lease. they...
I've been called cheap by most of the people in my family. But when they say cheap...all I hear is smart. I love getting the most value out of my money. So, when I hear other landlords say they use all wood cabinets ...
I believe we will see the market crash back to the recent years in 2 or 3 years (I'm thinking 3 years). Here's why:
1. Too many people are still behind on their mortgages & too many homes are already in foreclosu...
This strategy will help your customer to pay off their loan and avoid damage to their credit rating.
You customer may qualify if:
Owner-occupant (rental or vacancy considered by lender on a case by case basis)
...