Linda Young
Do I have to use new appliances?
Hi all,I just found my potential flip and now need to decide on appliances. Can I get by on "like new" or should I pay up and get new appliances for the kitchen. I was thinking everything except the frig since most ho...
Jordan Archer
What experiences have you had when bringing a contractor to inspect a house with you?
Hey BP,I want to know if people have had good experiences bringing a contractor out to look at a property for the first time.I'm really interested in bringing one so they can give me an estimate for repair value.Do th...
Anthony Walker
House Hacking in a Triplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $150,000
Cash invested: $20,000
We live in one unit and rent the other 2.
James Barnes
Tax Implications of a Intra-Family Loan
It's been brought to my attention that a intra-family loan may have tax implications if not done correctly. The current deal I'm working on is going to go down like this:Bank loan: 120k Conventional 30yr Fixed Rate. 8...
Erwin U.
Landlord Responsibilities on Repair
Hello, Frequent visitor to this forum to learn about landlord for the last few years and have a few rental properties in DFW area. However, this time I need some feedback from other landlord. I understand that landlor...
Marcia Maynard
Move-In Inspection Checklist - streamlining the process. What do you do?
When moving a tenant in, it is easy to skimp with the move-in inspection check list (or "Property Condition Report", as we call it) yet it is a critical document. I'm looking to improve my process for getting this...
Justen Ashcraft
Received this email today
Received this today from a tenant who has been a few days late in the past. I've been gracious. I moved their due date to the 15th so they didn't have to pay a late fee because they were always late. Today is the 2...
N/A N/A
Is there anything important to know about condos?
I plan on buying a place that I'll live in and I'll rent out the other room to a roommate to help pay off the mortgage each month. I am in NYC so there's no shortage of roomates here. However, it looks like the only t...
Harshad Jog
Old open permits on OPRA report
Hello all,
I am hoping to buy a house in Livingston, NJ. The current owners bought the house sometime in the last decade, but there are 3 open permits on the house from the 1990s. I suspect one of them is about addin...
Melissa M Paul
WWYD? Best Strategy to Flip Home
My mother has rented a home in Florida for nearly 10 years and the landlord is finally wanting to sell it to her. The property has gone up tremendously in value over the years and is the perfect investment opportunity...