Mike Warder
Foundation crack on (quasi-permitted) addition
I'm looking at a short sale house that has a permit for a glass rear porch built in 2002. Listing agent says permits were not gotten for subsequent updates to that porch and the foundation on the porch now has a crack...
Anthony Cosgrove
called a "for rent" 4Plex...interested...What would you offer?
Well, I picked up this tip in the podcast. I was driving around about an hour outside of Omaha, NE and saw a very nice 4Plex with a for rent sign in one window. I thought, what the heck and called... I introduced mys...
Nikki Stoddart
$600 Late Fees in Texas
Hello all,I recently purchase a Texas MF with tenants in place. The lease that the tenants signed with the Seller states that rent is due on the 1st of the month. On the 2nd, a $50 late fee is charged, plus a $20 pe...
Jacob Bolinger
Requesting Seller Financing
Hi BP! I am looking for some advice on making a deal happen and hoping that someone might have some suggestions.An owner of 3 duplexes in the Minneapolis area recently contacted me, knowing I own a duplex a few doors...
Nicholas Duncan
Best option for financing owner-occupied?
Hello everyone,I'm currently a student going into my final year of college, and I've been looking at buying an owner-occupied multifamily home as soon as possible. The area I'm in has quite a few options that are with...
Trey Gartner
FHA Loans on Multi-Family Properties
First-time poster and general REI noob here.I recently went through the process of getting pre-approved from one of the many online loan sites. The initial approval was for $450,000 with just under $25,000 as a down p...
Margaret Rodriguez
New Owner of FHA tenant occupied duplex. Need advise.
Hello all!
I'm in the process of purchasing a Montgomery County, Pennsylvania property with an FHA mortgage (owner must occupied)
Need to move in within 60 days of closing.
Two current tenants with the same lease sta...
Tim Porsche
Is This a Terrible Idea?
So, I have about 400 - 500 sq. feet of roofing that needs replaced at a rental. Some of it is asphalt and some is shingle. There are about four different sections...three of them are porch roofs and one is just a very...
Christopher Giannino
Vacancy or focus on M2M tenant?
I'm looking into purchasing a duplex strictly for investment purposes (not going to be a owner occupant.) Currently, one side of the duplex is vacant and the other side has a tenant on a month to month lease. If all...
Andrew Acuna
Question for Lenders
I'm curious what types of things are attractive to you or would make you apt to lend to someone for less. If I were to present an awesome deal for a buy and hold 4plex with a lot of monthly cash flow why insist on 20%...