I have a unit for rent and received a request from an interested person who says that her father will be paying for the rent for the first year since her husband just started a new job and is commission based. They wi...
Hi all - I'm under agreement for a multifamily in MA. The MLS lists 3beds but the city records list 2 beds...its been converted but there was no permit with the city. my approval is based on rental income for the 3bed...
I've been looking at multifamily properties in the greater boston area and try to apply the 2% rule and it seems nearly impossible. I was listening to the interview with Darren safer and he said he uses 1% in the New ...
Hello All! I have been curious about what to do if I find a deal that already has tenants. What if I can't view the units or screen my own tenants? Would you still buy the place? How would anyone handle this situation...
I am the listing agent for a short sale property. This is my first one. The client has two mortgages with one bank (HSBC) totaling approx 110K and a third with another totaling 18K. I've been negotiating with the bank...
I am trying to understand how capital gains would work on the following scenario. I have a rental property that I would try to do a lease-purchase deal for a family member. They will sell their home and parents home a...
We just put an offer in on a Fannie Mae home. After some negotiating, they accepted our offer, and we signed the contract and put 2500$ earnest money down. We are now getting cold feet and not sure if we've made the r...
Hello, BiggerPockets community!
I’m on the verge of purchasing my first property in Winston-Salem, NC, and I’m reaching out to tap into the wealth of knowledge this community offers. My goal is to acquire a primary r...
Afternoon All!
I am located in a great city in the Southeast. I am preparing to make an offer on a small condo to use as a short term rental property. This is a condo, located in the historic epicenter of t...
Hey everyone! I literally just joined BP and became a pro member.
I am fresh meat when it comes to real estate investing but am excited to get my first property. I’ve chosen my niche as rental properties for college...