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Hi BP Family,I have a very pressing situation that I'm facing right now with one of my tenants. The tenant is section 8, and all the rent comes from their voucher, they don't pay anything themselves. We inherited them...
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Hi, I am a complete toddler when it comes to investing and buying a house in general…Just learned what refinancing was a couple months ago. (I am 20 yrs old) Investing has always been an interest of mine and after a c...
Hi All,Long time lurker on BP and have gained alot from this site! Looking for anyone who wants to chime in and let me know what they think of this potential buy. Looking to make my first real estate purchase.- Multif...
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Hello, I am under contract to purchase a triplex in Kentucky. The Seller has declared Chapter 13 bankruptcy and the property has 24 liens on the title. Most of the liens were addressed in the bankruptcy filing and the...
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Hi,
Been lurking for a while and reading everything I could. Initially when I read about the 50% rule I thought that my two rentals were bad deals, however for some reason I completely missed that escrow is part of ...
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I just had an unfortunate experience with a rehab I’ve got going right now out of state. The contractor called to tell me there had been a break in and both brand new water heaters were stolen (it’s a duplex).
My que...
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Folks, I have a question about a scenario. Bought SFR at $235k (Depreciation base: $200k) in 2016. The property depreciated for 7 years Loan on property: 200k ; Current market price: $360kIf I do 1031 exchange...
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So I have a duplex and a tenant had 4 friends over and one of the younger ones was playing with a gun and shot his friend in the head and killed him (all early 20’s) unfortunately. The tenant is moving out because o...
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Aloha all,I am in an interesting situation and really want to move towards my dream of renovating/flipping homes.I am currently a project engineer for a GC. I was recently (2 months ago) relocated to Maui, bought a co...
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Hi BP members. I would appreciate your opinions on this matter. I’m not familiar with vacant lots. I’ve read a lot about analyzing properties but not much about analyzing vacant lots. I came across a vacant lot in an ...