Greg W.
Balloon payment due on building
Hi,A few years ago I purchased a 7 unit building with seller carrying the mortgage with 2% interest for 3 years that ends with a balloon The price was $310,000 and I put down $30,000. I made a mistake of not getting a...
Nima Lama
Found plumbing issue right after I found townhome
Hi BP Team ,
Is there any window for the buyer to go back to Seller if any major issue is identified in the house but was not identified during the inspection ?
I bought this house on September 2017 and seller was ...
Sean Kollee
inner city duplex post 17-20
A significant amount of detail work has occurred and I have elected not to post it here. Lets try and get this project moving a littlepost 17 - roofing After a few extra days of snow and harsh cold, the roofers were ...
Brandon Y.
Lead inspection when purchasing a new home
I m purchasing a home in Massachusetts and my offer just got accepted for my first multi-family. The home was built prior to 1978 and it is a two-family side-by-side. Currently, there are tenants at will and both unit...
Jeff Pauls
Non-Renewal of Lease in Los Angeles
I have a lease that ends 4/30 and I am not planning on renewing. I have already submitted my 60-day notice to the tenants and am already being told by them that I can’t evict them due to the state, county, city morato...
Robert Chen
Burst pipe within 3 months of purchase
Recently I purchased a 4 family multi in Providence, RI and I have been listening to Biggerpockets podcasts and reading people's stories like I am addicted. The property I purchased was at a good price because if the ...
Chris Politylo
Business Plan for Vacation Rental
Greetings investors. I'm curious if anyone has ever developed a business plan which outlines the potential vacation rental income for a short term rental and presented it to a lender or fellow investor? Was it succe...
Jeremy Porter
Navigating Community Harmony: Understanding Resident Sentiments Toward the HOA
Understanding what residents think of the Homeowners Association (HOA) is crucial for property managers and landlords as it allows them to gauge the satisfaction levels of the community members and address any concern...
Levi Perl
Cash out refi now at 70% LTV or season and wait to do 80% LTV?
Hi,
Curious if anyone has what to say in terms of how to calculate which one is more worth it: to cash out refi on a Long term rental now at 70% LTV, and walk away with X amount of positive cash AFTER paying all debt...
Lance Turner
LTR with an STR ADU
I'm working on a new investment property. It has a standard 1600 SF 3/2 LTR but it has a 600 SF ADU 1/1 studio that I want to use as an STR.
Looking for advice since this will be my first STR.
1. What are the bes...