Shane Braunworth
House Hack #1: Success!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Norristown.
Purchase price: $175,000
Cash invested: $21,750
Projected monthly cashflow is $450 after I move out of the sec...
Lee Bailey
Deed/Title Recorded after Death...?
Talked to a seller today, and her exact words were: "I have been advised by the title insurance company that because the deed for the property from my grandparents to my uncle was recorded after their death, I need to...
Craig Osborn
Made an offer - property has a tenant with no lease
I finally took my first action after years of thinking about it. I am hours away from signing a contract to purchase on a three unit house. Two of the units are vacant, but one unit has an existing tenant. I am tol...
Sarah Msuya
My Accidental Wholesale
Investment Info:
Small multi-family (2-4 units) wholesale investment.
Purchase price: $188,600
Cash invested: $1,000
Sale price: $194,000
I saw a small multi in my hometown that needed a lot of w...
Bob Malecki
Dodd Frank and balloon payments using contract for deed & LLC
According to the article linked below, Individuals and Trusts that seller finance one property or less per year (to an owner occupant) can implement a balloon payment. http://www.biggerpockets.com/renewsblog/2014/01/1...
Matthew Bowden
What is my neighbors investment strategy?
Long time listener to both podcasts first time poster (so apologies if this is the wrong forum). I live in Nashville, TN. The house next door was purchased at foreclosure on December 2017 for $734,500.00 by a flipping...
Christina Dunn
Can landlords do periodic background checks on long term tenants?
This question is solely out of curiosity. Let's say I have a tenant for many years who is suddenly being inconsistent with rent payments, or an adult member of the household becomes suspicious, e.g., complaints are re...
Michael Wolffs
Vetting Contractors
I'm in the process of rehabbing/reconfiguring a property. I got names of contractors from various sources (here, other websites, brokers, other local sources.) They've been to the property, and I'm now getting back...
Derek W.
Record Affordability / Numeric Bottom?
There have been many article and posts lately about the faltering economy. We will/are seeing record foreclosure numbers, record descent in home prices, and giant losses of equity everywhere. But with all of the tur...
Christian Hutchinson
Tenant Screening
Doing a Rental to two foreign nationals here. Literally been in the USA 10 days. No Driver's License, Credit, SS#, etc. They have Passports from their home country, and Visas for the USA. They have Medical School R...