Chadd Naugle
First Deal - Complicated - Need Some Suggestions.
Here is the deal - Package deal 10 Single Family homes with 12 units total.... the seller is asking $580,000 for all homes.Monthly Cash Flow is $8750Yearly taxes - $15135Motivated seller, but not going to give it away...
Marsay Winder
BRRRR update - underwriting complications (new experience!!!)
I had a recent experience with a lender that baffled me and wanted to share. I purchased a 40K home that was being used as a college rental. Based on doing prior deals with the seller and his motivation to liquidate...
Funmilola Oladini
So its complicated...I need advice!
Hi guys!So I'm a resident physician living in the Bay Area and my fiance owns a 3 BR 2 BA condo in the North Kenwood area in Chicago, a 6 unit multifamily condo building. The HOA was severely mismanaged by a self-mana...
Jacob McCann
Seller finance question a little complicated
Hello! I have a kind of different situation here. Long story short is a older gentleman I use to work with has stage 4 cancer and my mother happens to be his caretaker for now he doesn’t have much time left. He only h...
Tim Richter
The Complications of Inheriting Tenants(Advice?)
Hello Bigger Pockets!I'm happy to say that at the end of April I closed on my very first property. Yay! I purchased a two family in Haverhill, MA and I'm eager to get in there and start improving. Here's the catch, th...
Ana G.
Wholetail Deal VIA Subject-To Complications??
Hey Guys,I'm under contract to buy a house for $143k via subject to. I will then immediately list it on the MLS and resell to an owner occupant for $175k (conventional or cash only). I give my closing agent the green ...
Bryan Davis
Complicated potential free house in Texas
I am currently working with the widow of a deceased homeowner and the situation is a bit complicated. The homeowner and his first wife purchased the house but never had any children but the first wife had children fro...
Sam Leon
Tenant Estoppel Letters getting more complicated?
In the past when I purchased properties with existing tenants all they do is to sign a simple estoppel letter basically acknowledging the lease terms, the security deposits, advanced rents etc...My attorney has alread...
Andrew Hyder
Tax advice on complicated family gifting
I am looking for advice on a situation I am in. I just want to preface this that I am not gloating or bragging in any way shape or form here but seeking real advice. My parents have a second home they purchased severa...
Sam Waitkevich
New property owner with complicated eviction
I recently closed on my first multi family property in Worcester MA. I purchased it with an owner occupied loan, and the property was sold to me fully rented. My second floor tenant is a TAW, I closed on November 30th...