Ben Corby
I messed up buying a property at tax sale in PA
Hello everyone, this is my first time posting on BP. A little about me, I have been investing in RE for about 11-12 years now. I have 22 rental units, mix of SFH and multis. I have done a bunch of flip properties.I...
Ray Reed
inherited 85 year old tenant but rent is way below market
Hello BP,I recently closed on a 5 unit property where all of the units are way below market. With the current rents I am operating at a $200 monthly deficit. All of the residents are on month to month leases and this...
Tim Greenfield
Using 50% rule on TK properties_barely cash flow
I am a newbie but I have 1 rental property in Albuquerque which only breaks even. I currently live in Arizona and I travel a lot overseas for work so I am looking at TK providers. My primary residence is paid for in f...
Phil Mcnally
$400k, 1 to 4 unit property with 1% rule. Anywhere?
Hi AllConventional loans for residential property cover single family, duplex, triplex or fourplex. If I want to maximise each available loan without going into jumbo loan territory ($424k limit) it would be ideal to ...
Dustin Palls
Found a Fannie property I want, possible"Meth Lab"
I found a great deal on a Fannie Mae property. I am concerned because both neighbors mentioned "there were lots of drugs done in there" when I visited the property. All of which is speculation, so I decided to contact...
Jason H Orahoske
I have 16 Late mortgage payments on my credit report, what now?
I am in zero danger of losing the home I own, and am actively working to get ready to buy my first rental as soon as possible. But... I have this nightmare to deal with. I worked my butt off at a second job to drag ...
Nathan Walter
NPNs for a newbie
Hey there.. Since this is my first post let me introduce myself a little. I've been a RE investor for many many years. I started with a singe SFR and worked my way up to multiples and then into fix and flip and gen...
Eric M.
Any tips for knowing if there is a sewer line issue?
When you are just getting a cursory showing/walk through are there things I should look for to see if there is a problem between the house and the street? Or with the water service from the street for that matter?Hous...
Brandon Cao
Philadelphia Rental License -- Still Rent Without?
Hello Everyone,
I have a property in Northeast Philadelphia, I bought it around Mid-September last month. As soon as the deal closed, I submitted in my application for the Philadelphia Business Privilege License (wh...
Cathy T.
current tenant wants to move in a girlfriend...I need advice...
He is an excellent tenant, and I want to keep him long term and happy. But he has a new girlfriend, and wants to move her in. She filled out an application and I did an online background/credit check. The good news is...