Hi, I am buying a home in southern california. This home has a bonus room that was converted into two bedrooms by constructing a wall in the middle with a door. There is no permit and also building codes were not...
Not sure if this is an innovative strategy or just illegal but I would like some input. I have a friend who bought several rentals ALL with primary occupant loans (3.5-5% down). What he does is include utilities ...
hello BP in about two hours I'm going meet an agent to look at a 4plex right around the corner from where I live. I'm nervous and excited at the same time. The plex is listed for 200,000$ With three rented out for 105...
We are currently working on preparing our former first-home-turned-rental-house to sell. We are getting a new exterior paint job and touching up the outside (replacing broken sidewalk and fixing negative drainage)....
Hey all,I've listed my first BRRRR property for rent. It has been renovated REALLY well and I got a LOT of inquiries the first week. Now it has dwindled down. People don't reply back once I say that one of the require...
At what point do you come to believe a sloppy seller is being dishonest? The offering document was based on higher rents and lower expenses than the seller's tax returns or the current leases (now produced, mostly) w...
Hello everyone,
This is my first property bought April of 22 @342,000 w/a 3.7% interest rate. I owe $320,798.76. Estimated value is about $404,379 but may not be accurate(it’s the amt that shows on my mortgage compan...
if I said that right... The monthly rent needs to be at least 1% the purchase price - am I hearing this right? I'm shopping rentals with this factor, but I already have one that has become a nightmare, and I'm in the ...
Saw a (newly listed and attractively priced) rental property with tenant whose lease expires 4 1/2 months from now. The current owners live in another state, 10 hours away. Property has been owned by this couple since...