Seeking advice from more experienced note buyers. I've been offered a 1st position, non-performing mortgage that has the following status:
There's a second of +/-50k. Home value is about $53k. I rea...
http://www.housingwire.com/blog/student-loan-debt-making-it-more-difficult-get-mortgages
Obvious, I know. But looks like they will be renters for quite some time based on those numbers. Plus, it's nearly impossible...
I was contacted by a conventional lender through BP. I checked their recommendations and they seemed legit. The loan officer certainly was very helpful and responsive at first. In retrospect, I think he was eager to s...
There's a specific off-market duplex in my area that I'd like to buy. I've been hitting the owners with direct mail for a few months now. I was considering sending them a few offers without even seeing the inside of t...
I want to buy a three family home. I am not handy at all, most people I talk to say not to get into a multi family property if I’m not handy. Is this true? Should I take their advice? Though I know other who have said...
Hi all,Does anyone have any lease language that you use to transfer responsibility of excess water use to the tenant?Some context: I have a clause that says...(g) Water may not be wasted. Washing of vehicles is prohi...
Hi BP friends! I've got a tenant that is asking/demanding that I test for asbestos in my SFH rental. This home was built in 1951, I bought in 2012; no basement - it's on concrete slab. It was a fix and flip when I ...
I see the signs on the wall of a slowing economy, but I'm not seeing a huge drop in prices at least in NYC. What is everyone seeing across the country?
Hello, I'm new to bigger pockets, but not new to real estate investing. I have been investing in real estate since late 90's, primary in VA (NOVA, DC area) and CA (SF bay area). I'll share some of my experiences and...
Know Thy Cap Rate: The illusive obvious.For some reason cap rates seem to be the most misunderstood term (ratio actually) in all of real estate. I often get asked by new investors what a cap rate is and what does it...