Account Closed
hard money success story
I wanted to share this with the forum for a few reasons...first, to show newbies how possible it is with hard work and determination...second, to thank everyone on Bigger Pockets who has helped me so far..i know i wi...
Mike B.
noob question about adjusting comps
I'm currently looking to purchase my first home as my primary residence. I've been looking at single family homes in the Chicago suburbs, mostly 3 bed/1 bath ranches. Most of these are beat up REO's that are selling...
Tim Wilderbeeste
Dealing with a witheld check from a tenant
Though we have owned a number of properties for a few years, we only recently came across the issue of a tenant having a check deliberately cancelled on us on their way out of the home. In this particular instance the...
Blair Syme
Sell, or borrow against home to purchase 2nd investment prop?
Hello all! I am fortunate enough to have one of those good problems on my hands and would love any advice or feedback I can possibly get...please forgive my neediness/density as I'm new at this and I've had quite ...
Kyle Mack
Sold! 18 unit purchased on land contract. None of my own money!
Hey Biggerpockets! I wanted to share a recent deal and how the numbers worked out from start to finish on an 18 unit apartment building.Towards the end of 2015, I was on the hunt for a multifamily building. At the tim...
Mark Paes
Pre foreclosure confusion
I have a son of a friend who has come to me with a pre-forclosure. He's 4 months behind on a 1st and 2nd mortgage.
Looking at the numbers, it does not seem to be a good property to flip to an investor. But I would lik...
Guillermo Perea
AB -1842 potential new rental property ?
Hey everyone, I decided to buy a 3 unit building in Los Angeles not currently on Rent Control (was built in the 80s) Will AB-1482 affect me ? The existing tenants are paying way below market rents.
Mary Ann Casey
Insufficient Rent Payment
I have a tenant who has paid insufficient rental payments for a few months in a row (rather than the $1,900 rental payment due, he pays $1,800). The remaining and late $100 is paid very late in the month. For the...
Daniel Warren
100k down payment on park?
my supervisor is owner of a mobile home park. I hit him up for some eyesores that he would let go cheap to get fixed up and turn into lot rent for him. He ended up offering me the park if I was interested. He bough...
H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
I looked at a loan request today. I know the area very well in Philadelphia, without seeing anything my first thought was the property was worth 350k or so. The appraisal came in at 640k, the comps they used were out ...