Leona N.
Renovations without rent increase
We have an older cash flowing rental house that we've owned for about ten years. The time has come that if we want to keep the house we will need to start fixing it up. We have new tenants moving in August 1st and rea...
Jacob Dimick
Underwriter denied loan 1 week before closing
So I was a week out before closing on 2 unit in South Portland and the underwriter denied my loan. First of all I feel like the bank I used should have never had me pay for an appraisal if the suspected my loan wit...
Joseph C.
Short sale ???
Hello BP,
I recently got a property under contract that is a short sale. Just wanted to hear from some BP'eea on how long it is taking to get bank approval these days?
I would love to see everyone's thoughts.
Benjamin Cowles
How about making offers "minus repair costs" when in doubt
As a newbie wanting to get a property under contract, how about getting a tentative offer 'minus repairs tbd(by contractor/inspector)' accepted? Have any of you lacking rehab estimation knowledge done something like t...
Sandra Roddy
Mohave County Arizona
Does anyone hold investments in Kingman, Lake Havasu or Bullhead City? If so, how is the market in your area?When I look at listings from these cities, I always find smoking deals. Yet, since I am a buy and hold inv...
Benjamin Chavez
Transfer taxes from business to personal.
Has anyone transferred their property from their business to their name? If so what are tax consequences?
Account Closed
Seeking Southern NH realtor to bounce ideas off of
Hi BP,I'm an investor in southern New Hampshire looking to buy three multi-families by August. I'm looking for any real estate agent to help me establish rent averages for certain areas (specifically the Derry / Manch...
Joe Trinsey
Analyzing a HUD Listing
I got a new MLS listing passed on to me by my agent. There's some things I recognize and some things I don't. I thought it might be informative to parse out some listing information. I'd imagine some people might have...
Jimmy H.
Structuring a partnership
A buddy of mine had his father pass away about 3 months ago and has inherited his entire construction business. (He was planning on being a CPA but sometimes life has other plans) My friend grew up doing construction ...
Thomas Hickey
Online rental payment ?
There are some older threads concerning this but due to rapidly changing technology wanted to see what luck people have had with online/ electronic payments?
- cost to landlord or tenant?
- ACH option?
- credit card ...