Ken Eck
Property under contract, do I walk away?
I currently have a property under contract. It’s a duplex both units are 3/1.5. Units are fairly updated and both rent for 775 fully occupied, so 1550 p/month. However, it has a lot of immediate foundation issues roug...
Elise Leben
Recommendations for acquiring properties to manage on Airbnb
Hi there! I am new to short-term rental property management in RenoTahoe and looking to acquire new homes to manage. My Partner and I currently manage 5 properties (through prior connections) and looking to manage 10 ...
Sandy Gelt
i have about $600,000 in equity, want income but am conservative
I have one rental no debt worth $400,000. plus cash of $200,000 more. Want to pull money out and buy more rentals. I could do the BRRRR method but don't really want to. What I need is income but want to be careful at ...
Matt W.
Changing rent terms for less than ideal applicants?
Hello BP,I am renting a 3/2 house in Wilmington, NC and have had a hard time finding that "perfect" applicant. Two 30ish guys came by and really want the property, however one of them has about 6 arrests for drug an...
Daniel Moscoso
How to know if an investor(s) is being honest on promised return?
I am looking at partnering with a man who says that he can get me 25-120% returns on a flip. This seems way too high for my understanding and sounds a bit sketchy. For example, if I invest 10K in a deal, and my money ...
Johnny Situ
Shall I refinance with this commercial loan?
I have 8 properties, the mortgages are all in our personal names, the term are around 5.5% for 30 years. I got in touch with a local small bank which is willing to do a portfolio loan for 4.85% over 20 years, but it h...
Slocomb Reed
Tricky Tenant Situation In A Flip
How would you resolve this issue?I recently came across a flip-style deal in Cincinnati, OH where the numbers looked excellent. All-in to buy and rehab the property at $160k with a conservative ARV of $220k and the p...
Eva Henry
When are you ready for the second property investment?
I have purchased my first property this year in February. It is a duplex that I am house hacking. I have had a steady paying tenant for 7 months. Despite the small preventative maintenance and home owning surprises (...
Gerald Gray
Lots of Equity...Should i use it?.. if so, how should i use it?
0 votesI purchased my primary residence from a tax foreclosure auction about 2 years ago for 90k cash...(free and clear) Its currently worth about 250k. I also own a commercial building free & clear I got about 5...
Donald S.
Commercial loan questions, terminology
Hi everyone, I had a few questions specifically for Commercial loans. If the bank says they'll finance 80% LTV based on their appraisal, that doesn't mean they'd finance 100% of the deal if I got a low enough offer pr...