Dominick Adolfo
New to BP from Chicago South Suburbs
Hi Everyone,
While trolling the internet I cam across Big Pockets and man was I surprised. I had no idea such a community existed and have been glued to it the last week.
I guess I'll start at the begi...
Lee Mankin
Lease Option or "Subject to" Property
Hello,
I have a potential deal where the owner is open to a lease option or allowing me to purchase the property subject to the existing financing. We are both concerned about triggering the due on sale clau...
Edwin E.
Use VA or Owner Financing
So I am recently new to the BP forum, yet I have already found it extremely helpful. So I decided to post my first question related to an investment. Currently deployed. looking to make the most of my remaining ...
Felix D Menendez Jr
FHA bust Lender backed out after pre approval need help
So I applied for a FHA 203(k) loan and was pre approved for $325K I only wanted $250k. So after giving the lender all my documents upon first visit I waited a couple days for a rejection or pre approval. Great I was p...
Douglas Orr
Flipping tax options
For almost 3 years I've been purchasing buying and holding rentals. I've recently decided I want to flip some homes to escalate my ability to purchase more rentals.
The question I have is, if I haven't identified pr...
Lois S.
Service Animal question
I have a SFH for rent. It's been advertised as a No Pets property.During a phone screening, caller mentioned a family member who doesn't currently live with her, will be moving in with her because he has a disability...
Bienes Raices
Mortgage was sold to Ocwen--what to expect?
The mortgage on my personal residence was just sold by GMAC to Ocwen. I'm pretty nervous because there's tons of horror stories on the web about Ocwen (saying the payment wasn't sent in when it was, and many other mis...
Alan Brown
ideas on tenant pet liability insurance for pitbulls?
She's a pretty great tenant other than the fact that she didn't disclose she had a dog. NOt only a dog but a Pitbull, who is on my insurance co's list of dogs they won't insure. She's also 6 months pregnant (the ten...
David VanWinkle
Strategy for inheriting 2 (long term) underpaying tenants?
I'm about to close on my first multifamily property in 2 weeks! I am buying the property because it is a growing area and current rents in 2 of the 3 units are much lower than they should be, but the catch is that all...
Douglas B.
Estimating costs of repairs
this is a post for the SUB30kCLUB and anyone else who can help.
When buying a property in need of some rehab, what do you estimate for cosmetic rehab costs vs major rehab costs? I know that costs will vary w...