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Purchasing Occupied Units
Good morning BP,I've looked at quite a few duplexes recently. Some are already occupied by tenants. I realize this can be both a good and bad thing. How do you go about dealing with this? What kind of problems have yo...
Sandeep Majumder
Fire Damage / Probate / Foreclosure Property in Houston
Hi everyone, I have direct contact with a seller in a unique situation and I was hoping for some guidance. Her father's property took on heavy fire damage early last year, and before he could go through the process wi...
Richard Parseghian
Operational Underground Oil Tank (Do I replace it after purchase)
Hi Everyone,I'm currently in negotiations on a triplex in Monmouth County, NJ that has an operational underground oil tank. I have a contingency in place for the soil test to ensure there is no contamination, but as i...
Sam Leon
Too many vehicles
For a multifamily building with limited parking spaces, how do you allocate parking spaces?I have a fourplex with six spaces, all 1/1s, so I limit 1 space per unit with two guests. Thinking if necessary I can allocat...
Michelle S.
Who has done a new Residential home build on their own?
Have you done this on your own without contractors and a builder? What did it cost you and/or how did you successfully cut costs? Permits or no permits?
I'm in Texas, and have acquired a nice piece of 1/2 acre of lan...
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Meeting with RE Attorney - What questions to ask?
Hi all,New to biggerpockets here - I am setting myself to get into wholesaling in Maryland. Little to no prior REI experience.One thing I do have though is a good network of resources to get myself studied up. I was a...
Tyson Scheutze
Dude, Where's My Resident?
All the emphasis and effort on renovations and inspections is ultimately an attempt to control the controllables enough to create a desirable home for a future resident. Once a home is “rent ready,” it signals the bat...
Brandon Snyder
Why assume a lien or loan?
Hey everyone. I'm continuing with my real estate education, and I have a basic question someone could probably answer.Sometimes when buying a property, there's an encumbrance on it, a lien. Why would anyone want to ...
Eddie Knoell
Auction.com - Special Warranty Deed and Title Insurance question
Hello everyone, I am actively looking to purchase a home on auction.com ...the home I am interested in buying will receive a Special Warranty Deed and I will be able to get Title Insurance. My question is: if I have a...
Judy C.
Wind Chase Village Abilene TX
Investment Info:
Large multi-family (5+ units) buy & hold investment in Abilene.
Purchase price: $4,200,000
Purchased a 170 unit apartment community in Abilene, TX. Rents were well below market and ...