Sunil Kumar
$40k REO Condo - Originally 130k. Buy or Not Buy?
In a predicament. foreclosed loft sold for 130k in 2004, now an REO. bank wants 80k.
Taxes: 260+/mo.
Dues: 230+/mo.
All in all fixed cost to own the unit: $622
Will rent for $800 easily. $178/mo cash flow or $2136/y...
Oleg Enik
Income Capitalization Analysis
Hello everyone!I have been studying a lot of real estate financial modeling and analysis, specifically for commercial real estate and I understand all the concepts, terms, and calculations very well.But I am strugglin...
Kelly McKenzie
Cash-out refi of an investment duplex in Texas
Help please!I am trying to do a cash out refi on an investment property I own in Dallas, TX. However, I just spoke with someone from Quicken Loans in Texas who said it was impossible/against the law because you can't ...
Cameron H.
FHA Loans: Using a Mortgage Lender vs a Mortgage Broker
I'm looking for an FHA loan to help finance a 2-4 unit apartment in either the Bay Area or Los Angeles in one year's time. In securing an FHA loan, you can choose to work with a mortgage broker or a mortgage lender. A...
Jay Ben
how to evict a horrible tenant
ive had this tenant for about 2 years now and hes a menace. He sends inappropriate text messages (pictures on mens genitals) among other things calling me bad words and what not. Are these grounds for eviction? anybod...
Peter Morgan
Is solar roofing worth it?
Hello,I would like to know if there are any advantages of having a solar roof in terms of saving energy bills and taxes?Lately I have been getting a lot of callsRelated to installing solar roof. Firstly are there any...
Russell Gronsky
Parent LLC and Subsidiary LLC no one talks about on BP
Hey BP,Some of you may recall my rant about legal structures and advice from pros in a post a few weeks ago. After reading all the constructive, helpful comments and processing the frustration of working through every...
Michael McDermott
"Career" options for a young investor
I have 3 units under my belt as of now and all are cash-flowing pretty well, but I am still stuck in my dead end 8-4 job and I need out! I have put up with it long enough to get me where I am now but it's mentally dra...
Account Closed
Tenants are escalating mold situation
My brother and I inherited a single family home last year and we also inherited a tenant. This July, the tenant complained about a leak that managed to seep through the walls and onto the floor from the attic. We had ...
Mark Cruse
Forclosure Prevention
I know this is an investing forum, but does anyone know of viable foreclosure prevention resources? There are many people that claim to help for pay, but is there a way to viably vet them?