I am looking at a duplex with a monthly mortgage higher than the rent being received. One tenant has a lease until next July, and the owner wants a 6 month lease after selling with a set price, and none of that is inc...
Hello BP,When it comes to repairs where do we draw the line on something that we need to repair vs something the tenant is responsible for at move out per the security deposit? I have a rental that’s being managed by ...
Hey community! New investor here, pardon any noob questions and appreciate your input.Working on structuring a seller-financed deal that would include a balloon payment at the end (say, after 10 years). In that 10th y...
So I am looking at a new insurance provider. And for one of the insurance, I found it is $1500 premium with a downpayment of $400. Do I need to make the down payment myself? Currently, my insurance is in escrows with ...
Hi everyone! I purchased my first duplex last May and am house hacking it. I have learned a ton over the past year, and have been bitten by a few maintenance issues that have cost some big $$. Since I am only a year...
I currently have an opportunity that will need around 15k in rehab but I do not have the cash. It seems the best way to get this deal done is through a 203k loan.
Question#1 Would you recommend a 203k loan fo...
A prospective buyer wants to get a non-confirming loan (due to attractive 7 year rate). But they want to pay 10K less in purchase price as we are splitting some remodel cost. If the purchase amount is reduced, that wi...
Have a question here. I have 2 loans, each are 30 years fixed @ 6%, with 25 years remaining. I can keep paying on them or refinance to 30yrs @ 4.875% loans and save total of $280 monthly after refinance. New cl...
This 1850's era 4-unit popped up on MLS one morning last winter for $80k. It wasn't a foreclosure but could have passed for one - vacant for years, no heating system, everything banged up.Within 2 hours of it being li...
My poor neighbor has a really crappy landlord and I'd like to help her but I have no idea where to start. She has had one hole in her ceiling for months and now has a hole from a tree coming through into her bedroom. ...