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Listening to BP podcast Episode 60, with Serge Shukhat, raised the following question. (Great podcast BTW) My market, South Florida, has experienced similar conditions to what Serge described of his market; i.e. price...
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Wanted to post my experience in trying to 'wholetail' a property last month in case it's helpful for others. Also ask for any tips from people who have done this successfully.So wholetailing is when you buy a beat up...
Houston TX- I obtained all my landlord insurance through Matic, with their partner being State Auto. Last year, after a storm, my tenant reported a crack in the wall and floor. I contacted State Auto, and they initial...
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So just got an appraisal back on a renovated duplex I'm financing. The appraisal came in lower than I was hoping for and upon digging into it, the appraiser used 3 comps. The breakdown consists of:Comp 1- A property w...
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I'm looking at a property that would cost about $75K and needs about $30K of repairs for an ARV of $125K. The tax rate is about 2.9%. Most recent tax appraisal is $92K. Year 1, I should be able to appeal based on t...
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Hey all. I could use a little feedback here. The situation:
I purchase a 6-unit MF property under market value and increase rents, currently $100-$150 under market. There is no deferred maintenance. Units could maybe...
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I bought a thrashed REO and have nearly turned into a beauty.I am considering borrowing against my homes equity to buy another house.If my house gets appraised at a much higher value than I bought it for, will that af...
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Hi Newbie HereConsidering purchasing a 3br 2 bath (1136 sq feet) to rent in the Texas area (rural area near Beaumont, TX)Price = $59900Down Payment = 10% (through finance company listing it for sale)Interest rate = 6...
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Hi all! I wanted to get some opinions on our situation to see what others would do.We acquired a duplex in Queens, NYC in the beginning of April with inherited tenants in one unit. The other unit is vacant and we'll b...
Long story short I purchased a home in an overinflated environment for $500k. I got the 5% downpayment from a HELOC.The mortgage and hold cost is a lot for me (over $4k). I struggled with getting property manager sinc...