Sonya Antrobus
14k vs 35k what would you do?
We are currently flipping 2 houses. After only 3 days of tearing out carpet and junk we were approached by a neighbor of one of these homes with a request to purchase the property as-is. We estimate a profit of arou...
Account Closed
1 % Rule Help Please
I’m trying to figure out because I’m second guessing myself and over analyzing things. When it comes to the 1% rule do I run my numbers off the purchase price or what I own in the mortgage? For example. I purchase a p...
Michael Skvorak
Know any good contractors in Middle Tenn?
Hello my fellow BP members! I just want to thank the site and everyone on here who's been so helpful thus far. I've learned a tremendous amount already thanks to forum posts, messaging strangers with questions, and ...
Ted Lanzaro
Self Directed IRA's and LLC's
A client asked me today, "If I am using a self-directed IRA to purchase an investment property, do I have to buy it in an LLC owned by my self-directed IRA or can the IRA purchase the property in its own name. I can ...
Octavius Vinson
Newbie From Chicago!
Hello Bigger Pockets members! This is my very first post and I am really interested in learning about real estate investing in Chicago. After recently being laid off I've decided now is the time to take control of my ...
Taylor McClung
Mossy brick and liability
Hello Fellow Landlords,I have beautiful old bricks at my property and now that it is finally rainy season in California, the moss has returned to the bricks. My problem is that the moss poses a slip hazard that I'm un...
John D.
Short Sale Rental Property Issue Pt.1
Good morning all,Here's the deal in a nutshell. All advice is welcomed:A "motivated" seller calls me based on an Internet ad. The seller has a rental property that is currently occupied and brings in $350 positive cas...
Alan Clarke
Property Manager and Insurance question
I am about to rent my first house and I will be using a property manager, I have some question about the contract. The hold harmless part states:HOLD HARMLESS: OWNER (me) agrees, at OWNER'S expense, to indemnify and...
Hector Fino
Owner finance a home that I cashed out on
BP
I just cashed out on a property for 75 percent with 8 percent interest and a 7 year bubble . This home has been on the market for 5 months and I invested more than I should of into it with remodel. I have someone...
Matt Lopez
What happens to rents in market crash/correction ?
Hey guys, I can see a lot of mixed feelings on a possible housing crash/correction. I bought a cash flowing duplex last year for 220k its now valued at 325k and ive had 2 cash offers for 350 because potential rents of...