Mark Forest
Second mortgages
Why would a bank or anyone take a second mortgage? If things go bad wont the first lien holder get everything? The only thing I can think of is that the market value of the property hopefully increases past the ...
Antony S.
Does anyone believe the condo market is worth the investment?
I know of some condo high rise properties, that are transitioning from leasing to selling. I also have notice that price per square foot for low rise condo communities are considerably lower than SFRs, though that m...
Joel Hutchinson
Should I send a notice of default?
My tenant and his wife are teachers and have 4 kids. He has good credit (>700) and she has poor credit. They have been paying on time for the past 6 months and now are requesting to make half the rent payment now a...
Ryan Rubel
Rental Question - Help needed, please.
After running the numbers I decided I'll be selling my rental property once my current tenant moves out April 1st. This is a property in a suburb of Chicago.Our Property Manger called saying they need to send a plumb...
Lawrence Snipe
Should I use hard money or traditional lending with clear title
I Currently own over rental property with no mortgage. I'm looking to use said home as collateral to aquire another rental.my credit score b is 500. I've been denied twice once Navy Fed and once by a local bank here i...
Daniel Pena
Very high light bill!
Hello BP,I just got word from my tenant that her gas/light bill was $500 this month! I know it has been cold this past month but I think that is way too high. I did go by to look at a few things last month and notice...
Nicholas Daniels
Review My Gameplan :)
Okay, so I'll be graduating with a business degree next year around mid-May 2021 (I'll graduate just before I turn 22). I estimate I'll be making ~$50k/year and my credit score is currently 750. And I've been doing a ...
Ray Tapay
Fairfield City Connecticut CT
Hello CT BP members. Anyone really familiar with the rental properties scene in the City of Fairfield? My wife and I just went to see this property which if it worked out for a lesser price we would live in for a year...
Shane Bracewell
First duplex purchased, seeking advice on my plan going forward
BP Community,First I just wanted to say how grateful I am to have found this community. Without all of you, I would not have had the courage to build connections and pull the trigger on my first investment property. ...
Brian Degener
Renting homes in Bankruptcy or preforeclosure until bank takes it
Has anyone heard of this strategy where you find a owner in bankruptcy or pre foreclosure and you get a quit claim deed and rent out the property until the bank forecloses? What are your thoughts?Brian