Rosalie Taran
Over $500,000 equity in personal home-unsure how to proceed
I am really struggling with this decision. I own a home in Santa Clara, CA with over $500,000 equity. Maybe as much as 6-800,000 in equity. We will be moving to Idaho next summer. We have a daughter who will be start...
Aaron S.
Trying to dig myself out of a little hole; advice requested
33, salary 95k, MCOL area. $4,000 in credit card debt and I pay $400/mo child support. Other income is ~$300 in disability income and ~$250 from teaching Brazilian Jiu-Jitsu on the side.live with girlfriend who makes ...
Bienes Raices
How to negotiate with bank for mold you can't see?
My offer was accepted on an REO, and there was a strong smell in the house before--then the bank repainted the interior, probably to cover up the smell. I'm pretty sure it was mold, although the only visible mold I sa...
Account Closed
Negative CoC ROI and Negative Cash Flow
Planning on living in a duplex where we would have a negative CoC ROI and a negative cash flow for the first year. Only planning on living there for one year because of the FHA rules. From there, I estimate we would b...
Phil James
Need some advice...thinking about letting my property go to foreclosure.
I purchased an investment property 3 years ago. At the time of purchase it appraised for 96k. Over the last three years I have been losing about 10k a year on the property. I recently had it reappraised and the app...
Kelly Farmer
Ohio Cashflow and Oz Realty Review
My experience:Bought: March 2021, $64,900Sold: April 2024, $48,500 - $5,000 (agent fees/closing fees/etc) = $43,500Rental income (rents - expenses): $5,600Average annual returns: 2.9% (approximate)Net loss at sale: $1...
Mike Levene
House Hacking In Expensive Markets
Hi all, I recently started an informal real estate group with some old college friends. They are all looking at strategies to use for their first deal and many of us are leaning towards a house hack to reduce the amou...
Jarren Durbin
Buying with hard money. Then cash out refi for renovations.
Hello BP, first post here. I am new to house flipping and have been doing tons and tons of research and I have a house I am trying to close In on. The house I am looking at is a hoarder house of a deceased lady being ...
Matthew Jure
Estimated Costs Lakewood Ohio
Hi BP community! I am ready to buy a double+ in Lakewood Ohio, but it seems that out of pocket ROI seems low (~5-6%) and I am curious what others are estimating as expenses. The houses are all about 100 years old so I...
Larry Wilson
Deciding between me paying for water or tenant paying
I recently purchased a ten unit in Indy. I’m in the first stages of renovations and trying to decide if I should add a water meter bank, where tenants pay their on water or use one meter and charge more for rent? What...