I have a hypothetical question: Say you purchase a duplex for 100k using private money and after repairs/maintenance (10k on top of 100k) over 2 years its worth 150k. Can you use that equity of 40k for closing costs?
Hi group. Im trying to get an rental property but biggerPockets offer me a higer price for the rent in the area than rentometer. Which one should I go with? Thank you in advance
Hi all, I'm looking to open my tenant pool to all kinds of MTR tenants, but I'm curious as to how to screen tenants received through an insurance claims contract? Do you still screen these types of tenants? I assume t...
Help! I'm in WA state and have invested in residential real estate for several years - all management is done via a 3rd party. I just caught wind of some changes to the tax code that might make issuing a 1099 requir...
I am trying to close on a 4-unit multifamily property using FHA lending through Lender A. My W-2 income alone qualifies me for the purchase of the multifamily property. The Self-Sufficiency Test does not pass the requ...
Hi Everyone, first time poster here and my guess is, you can tell why by the topic of this discussion.My longtime tenants, computer engineers, who have stellar credit and no criminal background, were apparently arrest...
My partner and I are in the process of evaluating a deal in Upstate NY and see some value add opportunity through RUBS implementation (specifically looking to bill back Water/Sewer, Gas, Electricity). This building is...
Hi BP,I heard from a motivated seller who wants to sell a multifamily property.They report there are 3 units on the lot - a 2/1 and 2 x 1/1.In doing my due diligence I've noticed that only 2 buildings appear on the ta...
Hi all,
A former tenant is being investigated by his former employer for property theft from the company. The employer has an internal investigator who has requested I confirm the tenant's name and contact i...
Do you know a good property manager for Lawrenceville well enough to recommend them? We need a good property manager for our house in Lawrenceville, GA. The current one keeps hitting us with a few hundred here, a fe...