Account Closed
How long is your SFH lease? Am I overthinking this?
Thanks to all the wonderful advice I have found by lurking around on BP for the last few months we are now under contract for our first rental property! It's a 3/1 SFH and we should be closing within the next 2 wee...
Tiffany Drahonovsky
1st month owning a SFR, tenant tells me today she pays the 3rd wk
Hello folks! Thanks in advance for any help. My first few weeks as an investor have been exciting to say the least!I took a contract assignment and closed on this SFR Jan 16. The prior lease had expired back in Nov. H...
Mark McGarry
Baltimore Ground Rent
This is very Baltimore specific - fellow Baltimore real estate owners, what is your experience with ground rent? Do you pay it with escrow or just directly to lease owner? I just found that a ground rent owner is re...
Sant S.
First Multi-Family Property Acquired
Hello all,
Just over one month ago I finally closed on my first multi-family property. It is a 6 unit property in Jersey City. Below are the income / expense numbers & acquisition costs...
Jim J.
HELOC delay.
How long should it take for the application to close process take? The facts:Credit score 800Home appraised by bank: $300KHousehold income: $100KHome equity: $240ishNo debt8 weeks so far!Thanks
Michael Jackman
Up to $100k withdrawal of IRA tax free?
https://www.marketwatch.com/story/coronavirus-stimulus-package-tax-relief-withdraw-100k-from-your-ira-and-repay-in-3-years-with-zero-tax-liability-2020-03-27?reflink=mw_share_email
Just read this article and might b...
Nathaniel Loeffler
21 unit deal analysis for NC property
I'm looking at my first potential multi-family deal and was hoping that some of you with more experience can tell me if this deal is worth exploring further:
21 Units in Charlotte, NC
Asking price - $649,000
NOI - $9...
Chris Low
Why do banks delay on short sales?
Just curious why banks can take so long to make a decision on a short sale? What are they waiting for? We have a property under contract that is a short sale. We made the offer on 11/10 and the seller accepted it. It'...
Emmett O.
Quirky Tenant Screening Scenario
Hi Everyone,I have an interesting question regarding a potential tenant. A guy came around the property over the weekend and seemed like a good, upstanding dude. He was open about having a dog, only smoking outside, e...
Aiman Bennroua
Got my first property what now?!
What’s up guys. I just bought my first rental and I’m almost done getting it rent ready. How do I screen tenants? and what’s the best software for managing the property?