Justin Madison
Should I Invest in this Flip Opportunity?
Hello BP Community! I'm still fairly new and have a deal that I am considering. It is with a local flipper who is quite experienced. The deal is to lend him $200K for the duration of the project with the expected d...
Craig Herring
First offer was a flop! Any ideas for my next one?
Well I put in my first offer on a 3 unit MFH this past week and it was rejected...without a counter offer...and was told my offer insulted the seller!Although I knew it was a low ball offer and didn't expect my first ...
Josh Thompson
Flip near train station to NYC
There is a single family home for sale around the corner from the train station in Rahway New Jersey. It has been on the market for several months and the price has been reduced by $20,000 to $78,000. Based on the pic...
Brad E.
Duplex appraisal value 11K under contract price...now what?
I just received my appraisal back on my first property (duplex). It came back 11K under the purchase price agreement. Not really sure what to do now. Any advice?I reached out to my agent already. She unfortunately...
Tony H.
First Step to Deal with Inherited Tenant
Hi BP,I have been in contract for a duplex here in Sacramento. Estimated closing is mid July.There is a long time tenant in one of the unit who have lived there since previous previous owner..their rent is so low comp...
Rachelle Richardson
Advice for First Rental Property
Hello! We are looking at properties that already have tenants. I am wondering how that process works (lease, rules etc. that are already in place from previous owner). Do we write a new lease and have them sign? Do we...
James M.
Security Deposit and Torn Carpet
What can I take out of a security deposit for dog-destroyed carpet that is 10-years old?Tenants moved out after 4 years. On top of the normal security deposit, my tenant paid a $400 damage deposit to have a pet. The d...
Sean Dawson
New To Memphis and Looking For Guidance
Let's try this again. Apparently, I am not allowed to ask for referrals in this forum. I am an out of state investor new to the game and the BP community. I am looking to start purchasing some properties in the Memphi...
Joe Kim
help: sensitive tenant with HIGH maintenance cost
Question: #1 What to do with a "sensitive" tenant who is requesting a lot of maintenance on my property which is being managed by a property manager?#2 How do I know if this is due to a "bad" property, poor rehabing,...
Kyle Mitchell
Residential Assisted Living
Hey BP,Anyone here doing Residential Assisted Living? I'm looking into it and would love someone to bounce ideas off of.Thanks,Kyle