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I am searching for a 2-4 unit to move into as my first purchase. I found a fourplex for sale that is currently tenant occupied. So far I've only looked at vacant properties.How does buying a tenant occupied residence ...
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Hi all,
I have a verbal accepted offer on a house for $48k, with a long term tenant since 2008 paying $625 in rent (subsidized by County). The cash flow is bad at $75 on a 30 yr. But, it's a big 3/2 in a decent area...
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Hello, I close on my first rental property/duplex on Friday!! One of the tenants is a horrible hoarder and over the past 7 years he has destroyed the unit including windows, doors ect. After closing, I plan on giving ...
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I am a small landlord with only 2 properties. And less than 2 weeks ago I signed a lease with a new tenant. There are a few red flags that I see quite clearly now but kind of turned a blind eye when I signed the lease...
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Looking for some insight on buying a foreclosure property where there is a second mortgage on the property. Specifically trying to figure in which order is it best to begin, working with the holder of the 1st mortgage...
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Hi BP community,I’m having trouble structuring a deal between my partner and I. I do not have a lot of taxable income as I’m self employed right now and don’t have 2 years of work. However, my partner has that but is ...
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Hi, Sorry for the length of this post, but I had to fit in all the details. My business is expanding rapidly for just me to handle, and I need someone competent to come on board to assist me. I have already outline...
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A little bit about my situation: I am new to REI but have capital to invest and have immersed myself in the education of finding good deals, executing deals, etc (primarily through BP!). I am looking to be slightly m...
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Question about a tenant payment scenario..My tenant has been struggling to pay the rent recently but has always ended up paying. She recently decided to pay someone to cut down a small tree in the yard. I would have t...
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Hello BP members, How do I close an off market, out of state deal? Assuming I have the seller under contract, what would be the best way to get more detailed pictures of the property without asking the seller and also...