I have $50,000 and I'm looking to purchase my first investment property in Baltimore. I'm lost because I don't know if I should purchase a Sub 30k property in cash or should I try to find finance for the property. Any...
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Hello, my renter just called me this morning letting me know that their friends (a couple and 2 small kids) are in a hard financial situation, so they need to move in with them (its a 3 bedroom house and currently onl...
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Hello everybody so I'm having trouble on how exactly I should handle this specific situation. So my tenant was evicted on the 30th of June and has completely moved out without me having to red tag the door prior to he...
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Last week one of my tenants called to ask if I was being foreclosed on. Someone had come to the house (Three family) and knocked on all the doors and told my tenants that I no longer owned the house. I told my tenan...
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Hello BP family, I have a remodeling company. In 2010 I created a partnership with an investor. The investor has 95% of the business because he provided the majority of cash. I invested a smaller amount, manage the co...
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Been looking for a duplex near my new job so I can get into the investment game and bring down my monthly out of pocket expenses. I found one that is basically move-in ready and has a tenant in one side which is perfe...
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Hope someone can help give me some clarity on this! I'm a first time home buyer looking to buy a duplex in expensive LA county. I'm going through FHA and I have heard that you can use your living trust as proof of inc...
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I have a tenant that moved out on their own. No issues with remaining tenants and they’re still able to cover the rent. I know screening for a replacement tenant is a must, but I’m wondering if there’s any documentati...
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My tenant has been missing timely rent payment, explaining her financial hardships. In an effort to change the tenant I said i need to sell the property once her current lease ends by Dec 31st. She sent a notice aski...
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Hi all,I've been reading posts on BP for some time now and I'm hoping the community might be able to provide some suggestions. I'm in a bit of a tricky situation, my household annual combined joint income between my w...