Donald DiBuono
How high should I insure a property for?
Purchased my first 2 Family home. One insurance agent advised me to insure up to the purchase price (216k). The other agent advised I insure up to 500k as the asset is already depreciated and, worse case scenario, you...
Ryan Wiles
Banking Options to avoid PMI
I am currently looking for a bank that will loan less than 25% down for multifamily units. We plan to buy a 4plex in the Atlanta area and live in it. The loan would be a First time home owners loan and I would like to...
Patrick McCann
How to analyze a house hack deal?
Hi, Is there any sort of calculator for a house hack deal? Rules of thumbs? Based of market analysis?For example I’m going to look at a 2 family in Southern New Hampshire that I would plan to buy with a FHA loan. The ...
Karl Kauper
Water/sewage Fee on Top of Rent
Hi All — I’m an out-of-state investor and own a 12-unit MF in the Cleveland area. My building is not separately metered for water/sewer, so I pay those expenses. Does anyone know how common that is (for the owner to h...
Daniel Paloscio
Contracting a Property
Once I've negotiated a price on a piece of property, how do I work out the contract if I'm not paying in cash immediately? How much time do I typically have to find a buyer? Would I do a double closing in a situation...
George Jones
The Best Way to Track Down An Owner?
Hello BP family, and Merry Christmas!There is an old fixer-upper that has been vacant for years. I have looked on the city assessor's website and the Register of Deeds website and located the owner's first and last na...
Landon Moore
Financing options for $50k Property
Hey BP,I am looking at a single family home with a listing price of $54,000.00. I have the finances capable of providing a traditional 20% down payment, however, as I have learned it is very difficult to find financin...
Bagus A.
Dealing with Eviction and Appeal
Hello all,
I am out of state investor that owns a property in the Pittsburgh area. I am going through the eviction of my tenant due to non-payment.We had the judgment pay and stay from the judge, but the tenant subm...
James Kim
Rent renewal at decreased rate?
Hello,I'm wondering if anyone has been in a situation where your current rent on a sfh is such that when you rented in last year (or prior year for those that experienced this a while ago) the rent was the average for...
Rene D.
Buyer Paid Commission - first time seeing this
Hi All,Wondering if anyone else has seen this. It's an off-market listing with a buyer paid commission of 3%. I'm guessing you can't negotiate that.Has anyone else come across this?Thanks.