Jon Swift
Homepath house with plumbing issue
I put and offer in on a Homepath home and the offer was accepted. The house was winterized and the basement looks like it has been flooded and all the drywall torn out. Now that the bank has accepted our offer they te...
Chris Rosenberg
Philadelphia due diligence period and contingencies
Hello BP. I am looking to purchase my first piece of property, a small multifamily in Philadelphia. I spoke to a real estate agent today who informed me that there is no due diligence period in Philadelphia. Maybe ...
Jasmine Claye
First Time Investing
What is the avg price of a starter investor home? I've
heard someone say that you can purchase one for about
35K. Is this true? If so, the repairs must have been a lot of
money. A home for 35K could run repairs ...
Paul Thacker
Why is it important to have an Appraisal and Inspection Report?
:D Wholsaling is a great way to get started as a real estate newbie. However, I notice how some gurus don't teach their students to have an appraisal and inspection.
All of the investors I know t...
Stephen E.
Stored Dishwasher
I had a dishwasher that I had pulled when renovating a unit and putting in stainless steel appliances. I kept it in the garage thinking it would be useful if a basic white dishwasher failed in one of our other units. ...
Bret Burkett
Is this a deal??
I live in Dallas and have a neighbor who is looking to sell a house that he owns in San Antonio. Pretty sure he owns it outright and he said that if his renter doesn't buy it from him he'd take $125k for it. I imagine...
Crystal Dudley
Rental house had a water leak causing high water bill. Who pays?
I am fairly new to land-lording and this is the first time this issue has come up. In June I had two rental properties that had water leaks causing a high bill at one property ($217.00) and an extremely high bill (ove...
Meghan McCallum
Best Appliance Brands
Hi All,I hope investing is going as well for everyone else. I am quickly buying properties and I have them all getting work done and its time to buy appliances. A/B properties are all I own and rent to A/B tenants. I ...
Charles Smith
What are good terms when using hard money ???
I found a 21k foreclosure that needs 10k with an ARV over a 100k.... how do I attempt to structure a win win with a hard money lender??? Any help is greatly appreciated
Derrick Lloyd
Tax Deductions on a Rental Property
Hi all,I recently got my first deal under contract, it is a SFR in St. Louis that will be held as a rental producing positive cash flow. I was wondering what some of the tax deductions I will be able to take are. I ...