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I just bought a 4 plex that is old but in pretty good condition for a C+ neighborhood. I know that the rents are lower than what I could probably get, but I have decent tenants in place since before I purchased the p...
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I went to my first ever tax lien auction on May 20, in Franklin County, Tennessee (my home county). TN is a "hybrid" state -- if you win the auction, you get a first lien on the property, and if it's not redeemed wit...
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Hi guys, I recently went to buy a rental property and after inspections were done the house only had a 60amp panel which means I can not get homeowners insurance for it. Since I can’t get homeowners insurance I can’t ...
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Yesterday, I just closed on our second multifamily deal. I can honestly say that almost every part of this deal was influenced in some way by what I have learned on this forum, in the webinars and, especially, on the...
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Hi guys first post in the forums, forgive any naivete. I'm twenty eight currently working as chef who "likes" but doesn't love what I do. After listening to almost all of the forums I'm quite convinced this is what I ...
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bought a short sell back in Jan 2017 using all cash 175000 plus all other short sell fee and closing expense. Title has been transferred to me not long after the closing. I immediately rehabbed the house to where it h...
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A very unusual situation here.
2nd deed of trust trustee sale opened at $218k
At the same time the 1st deed of trust opened at $27k
No subord agreements - no other liens.
In NC we have a 10-...
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Well I was the high bidder on the 2 family property at 46 Harrison St. in Morristown. While the sale was still in attorney review, the attorneys for the auction house tried to impose a contract with all kinds of odd ...
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Hi BPers (and, I hope, helpful lawyers),I have read online that one can secure traditional financing while getting asset protection by getting a traditional residential mortgage in one's own name, putting the title in...
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Last month, my company (Boardwalk Wealth) closed on a 138-unit apartment community in Jacksonville, FL. After closing on this deal, I like to reflect and extract lessons that I’ve learnt along the way. The overarching...