Austin Enman
First Rental Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $74,900
Cash invested: $4,000
This is my first investment property and I plan to put it up for rent this weekend. I...
Amy A.
The bank REO department is full of clowns.
For years I've been trying to figure out the pricing strategy of banks. Will they reduce the price 5% per week? 10% per month? Will they counter with a 3% reduction? What is their strategy? Surely large, sophisti...
Ben C.
Make 4 offers and all accepted
What happens if you make 4 offers and all are accepted... You are making 4 offers in hopes of getting one property? Are you stuck with all 4 or can you get out of the 3 you don't want??
Cassidy Burns
Offers?? Current numbers or projected numbers
Hi BP,Just curious how everyone is structuring their numbers?? Are you basing it off of the current rents being collected? Or are you using the numbers that you will eventually raise them to due to being under marke...
Minhaj Choudhury
Inspecting a Property As an Out of State Investor
Hi-
If I’m a buy and hold out-of-state investor making offers on properties, at what point in the process does it make most sense to send a contractor or an inspector to inspect the house in order for me to determine...
Christopher Deforest
Seller demanding release of EMD and Finance contingency
Hi all, So I've encountered a sketchy predicament while trying to make an offer on a SFH that is currently rented on a month to month lease due to the tenants one year lease expiring. I made a simple offer and the co...
Tracy Uscinski
Paperwork to keep on file when raising rent
We are about to raise the rent on our rental unit. The tenants one-year lease expired in 2021 and they have been on a month-to-month lease ever since. We are sending a letter notifying them of the rent increase. What...
Account Closed
Advice on Offer for My First Investment - $25k above asking price
Hi. I'm just starting out in real estate and trying to learn as fast as I can. However, I'm not letting the fact that I don't know everything stop me from moving forward.I found a 4-unit property. I used the bigger...
Jerry DiJoseph
First BRRRR- Rowan University, New Jersey
Hi everyone I wanted to share my first BRRRR. Location is in Glassboro, NJ, a few minutes off the campus of Rowan University. I chose this location because Rowan University has been expanding rapidly over the past 5-1...
Kevin Phu
How to make this seller financing work
OKAY! So, landed myself in an unplanned opportunity...potentially.Run down, I have a counter offer from a motivated seller for 417K. I am under contract on a different property that I have chosen over this but have no...