I'm under contract for a duplex in Dallas, NC, and I'm a little nervous. They asked 419k, I'm under contract for 365k with a 3.5% seller concession and a 1.5% commission (I'm a new agent). Rental market says 1200 to 2...
Here's my situation: I have 2 rental properties. The First is in Crestview FL with a long-term military tenant. Cashflows ~ $800 monthly. Mortgage is $180k. Home is worth $330kThe Second is a Townhome in a student hou...
Hello Bigger Pockets,
I am new here and would love your help.
I am about to close escrow on a house in Santa Barbara CA for about 33% below the tax assessed value. It is trashed on the outside and inside (all cosmet...
I have two tenants who receive their paychecks/disability funds after the 5th of the month, so I extended their grace period by a few days. This results in extra effort each month because of multiple late fee structur...
If you have a minumum multiplier to qualify people on income, e.g., income must be 3X rent, how do you make the calculation for a tenant using a section 8 voucher?Also, if you are using one standard set of criteria to...
Just bought my first duplex here in Norfolk VA. I'm using a 203k loan and my plan is to live in one of the units for a year and then turn both units into mid term rentals for nurses. My hope is to get rid of PMI when ...
Hi all, have been binging on BP podcast these days, I keep hearing Mr. Greene mentioning whenever he gets into a project with a partner, he prefers a "loan partner" rather than an equity partner. I am wondering how do...
A little back story- It has come to my attention that my renter, who is on SSI/disability, goes through a silly/expensive process to pay her rent and other bills. Her monthly payment comes to her via a debit card. She...
I am new to real estate investing. I’ve been listening to biggerpockets podcast, and reading books for a while now. At this point, I’m just ready to take the plunge and start creating passive income. I have approx ...
So we are evaluating a property and our agent is attempting to set up a showing and the tenants won't respond to the sellers agent. The rents there are very cheap now $325, should be around $550 in the current market...