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Okay, so I currently have 2 properties. One is leveraged at 90%, and the other (which I live in and just bought 3 months ago), has a mortgage balance of $175,000 and a value of $215,000.
I have a third prope...
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I heard that in Texas, after a mortgage foreclosure auction, when unsold properties go back to the banks, they wait 10 days before hiring realtors to sell them in MLS or via another auction. During this 10 day period,...
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Hi all,I'm a new poster to BP, but not a new investor. I have a small building in Chicago that I have the opportunity to take equity out via quick sale and move to another market. My basis for doing so is to leverag...
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Hello BP family,
Looking to scale quickly and obtain cash flow in a smaller market where homes are around $100k. I know the market and type of homes I would like to invest in as well as understand the infinite BRRRR...
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Is it possible to ask each County Recorder's Office for the pre-foreclosure listing? or do I have to be physically present and extract them one by one on the County's computer?
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I was looking at some properties and I found one owned by the Secretary of Veteran Affairs (SVA). From quick research the owner of the property is transferred to SVA after a VA loan has defaulted. I cannot find anywhe...
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Hello,
Curious to know what you'd do in this situation. Rent is due today (October 1st). Tenant asked if we could work with her to avoid late payment fee (assessed if rent not paid prior to or on 4th day of month) si...
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We've been presented with an off-market Fixer in Tarzana for $620K. 1362 sq ft 3 + 2. 7000 sq ft lot. Detached 2-car garage. No pool. Built in the '50's (like most of the Valley!) Haven't been in it yet, but it l...
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I am very familiar with this rule of thumb, however it seems so misguided and arbitrary and takes into account almost nothing other than a base rental assumption.Say you've got a 10 unit building and most tenants are ...
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I told my tenants they would not be charged a 4% late fee until 15 days from the time payment is due. The 15-day grace period is state law which I will abide by. So now tenants do not pay me until the 13th or 14th of ...