Francis I.
Licensed vs Unlicensed Contractors
Hello BPers!I have a property in Charles county MD under contract, which the numbers work really well. Purchase price is $51,500. ARV is $230,000+. Rehab estimate is about $70,000. HML loan at 3 points and 13%. I am d...
Cameron Iarrobino
If tenant leaves items behind
Hello all, I'm located in MA. Hoping someone with some state-level context can chime in here. Had a lease with a tenant in one of my apartments which ran through 4-30-2024. They asked a few months back about possibili...
Kyle Doherty
Joint Venture Structure with Builder (development projects) Is this a fair structure?
I've started working with a builder locally on our first Development/Build Project. Essentially I am finding and procuring the land/lot via traditional financing and funding everything through the development phase un...
Brooks Rembert
Disagreement Between Husband and Wife on Loan Length
My wife and I are under contract to purchase our first "on purpose" rental property. We have a rental property in Northern Virginia, but that was due to a transfer and we chose not to sell in 2010 when things were sti...
Christine Mwai
What did I get myself into or am I over-reacting??!!
So I rented one of my properties to a lovely family. Did my due diligence etc...They were coming off of Section 8, but I did verify their income etc.( income increased)... Oops, husband lost his job 1 month into the l...
Stephen Anthony
1925 apt building, galvanized steel - Run or Quantify the risk?
I'm very close to starting my first deal. Purchasing a multi-family property in the $200-350k range. I've identified a >10 unit property that has moved to the top of my list. Positives: $18.5k a unit, at least 1...
Cristian Portillo
Stock market is down, is real estate next?
Right now looks like a good time to invest in the stock market but my question is will real estate be headed in the same direction as the stock market? Foreclosures? Evictions? Will prices drop? Just interested in hea...
Gabriella Vehrs
To Scott Trench: What is a good personal finance foundation?
In @Scott Trench's latest post on a potential crash, "Yes, I’m Afraid of a Real Estate Bubble—But I Continue to Invest Anyway. Here’s Why." He says,"I buy well within my means, with a rock solid personal financial fou...
Eric Laird
Rented out home, living overseas, unsure of next steps
Hi,I’m new to the forum and REI and am looking for advice on my real estate situation. I bought my first home in the Bay Area (Sunnyvale) three years ago on a jumbo loan with 20% down and put everything I had into a r...
Eliza B.
Can I pay mortgage with loan / credit until I find a renter?
Hello!I've found a rental property I'd love to buy, but the only problem is it doesn't have renters in it yet. Is it ok for me to use a loan or low-interest credit line of my own to pay the mortgage on the duplex befo...