Guillermo Kennedy
Securing REO properties to rehab and flip in a hot market
Hello BP Community - need your advice/help!My business partner and I are looking to rehab and flip REO properties and were able to secure funding to do so (awesome, right?) The issue that we have is getting into a pr...
Suduk N.
Dealing with Non paying tenants due to Covid 19
One of my tenant has owed 3 months of rent now. They paid some to their arrears when they have money but It’s so far behind, even when they get their job back (blue collar) they wont be able to pay their arrears in fu...
Lucero Galvan
Long term tenants: Original Deposit vs. Current Rent Rates
Hello all, I have had long term tenants (5 years) which have given a one month's rent deposit at move in 5 years ago. Now, rent is much higher than when the original deposit was made and the tenant has been slacking o...
Mark Cox
My First Multi-family, a Slump Block Success!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Tucson.
Purchase price: $180,000
Cash invested: $35,000
Sale price: $275,000
My first ever investment property, what a...
Patrick Benjamin
First Fix and Flip (Mesa, Arizona)
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $214,830
Cash invested: $60,000
Sale price: $307,500
1700 Sqft 4 Bedroom / 2 bath that we converted into a 3 Be...
Son Phan
How to know if a duplex cost too much?
Hi everyone,First post and first time investor! I am looking to buy a duplex with a FHA loan as owner occupied. My agent has sent me a few properties but in my area in FL it’s around 350-400K For a duplex. The area I ...
Patrick Hancock
Private Money Partner Question
Hello,
Partnering with a private money lender to assist with down payment on a duplex. He will receive a return on his money for seven years but no equity in the property. His question was how secure was his loan. ...
Jason Stephens
Breaking Lease Options
Hey all, I currently live in an apartment. My lease is up on 15 August, and I just made an offer (17 April) on a house in my area. Assuming the offer is accepted, we are planning on closing sometime between 1 June and...
Alon Kostetsky
Buyer's Agreement Fees
Hi all - I hope you're doing well!I'm about to start looking for an investment property. The real estate agent is asking for $495 as part of the Buyer's Agreement and the amount is due at settlement. Are those standar...
Kyle Martinez
How to proceed after the sale of your first property
Hello all, new BP user! Just looking to be sure that I am taking a step in the right direction here. I live in WA and was lucky to utilize the State's down-payment assistance program and purchase my first home in 2017...