Jake Fahey
Turnkey vs. DIY Deal Hunting
There seems to be a common sentiment that buying turnkey rental properties means you are leaving money on the table. I understand this viewpoint because the turnkey company does have to make money somehow and their pr...
Edgar Diaz
NJ first time home FHA Multi Family
Is the owner occupancy requirement for FHA loan verified or is it simply a rule that is not enforced after purchasing a home, especially now with Covid?
Lois Johnson
What is simultaneous close? Is my role in the process legal?
Hello,I am hoping to gain some momentum in the real estate investment game. I am currently in the process of educating myself to avoid scams.I have been introduced to a group of investors and I've been told that if I...
Zana Blue
Appraiser wants the water on
I had the water on for the inspection and appraisal period and had it turned off after that time. I did this because I had a vacant house with burst pipes and the damage was over $22,000 so now water is off in vacant...
Wayne P. Schoenberger Jr.
What does a "Specialty Contractor License" mean to a customer?
If you are in the market for anything construction and you're on the path of finding the right contractor to perform and complete your project, whether that is (i.e. electrical, plumbing, specialty contractor, concret...
Albert Plawinski
Chicago Gut Rehab Flip & Hard Money
I am a total beginner here. Before I even start thinking about investing, I want to make sure I have a well rounded knowledge of all the moving parts as well as hear real-life experiences from other forum members. At ...
Theresa P.
Tenant Consent For Background Checks in SC
I am reevaluating the background check process for a mobile home park. Instead of using a site such as Cozy, I'd rather perform the background check myself. In South Carolina, is consent for background checks required...
David Davidson
Self Directed SEP IRA
Hi BP community. I've been reading about the pros & cons of self directed IRAs, and looking to see if anyone has a recommendation for an expert that is familiar with the differences between a company based SEP I...
Stan Hrincevich
HOA Manager Licensing Empty on Content and Enforcement
HB 13-1277, requiring HOA property managers (PMs) to be licensed by July 1, 2015 has fell victim to special interests. As implemented, the law has turned into more of a fees collection, license testing and issuance b...
Murali Vempaty
Limit on number of mortgages
Hi,
Is there a limit to the number of mortgages that one could have as an individual investor ? In addition to my primary home, I own other (5) rental properties. I am looking to add more but I am being told that I e...