Fabio Selmi
Working on Plan B
Hi all,
I have a dilemma this Sunday night and need your input. Although I hope to move to a new market and start investing in a few months, there's also a chance that I might get "stuck" in Orange County for a while...
Daniel Graham Wright
Moving stateside in 1 year, Columbus or Cleveland to live/Invest?
Hello Folks,I am currently living overseas with my wife, she is active duty and i work for the Navy doing IT. We are headed back stateside in a little over a year. We have a rare opportunity where we are not tied do...
Ken Williams
Being threatened with lawsuit.
Hello, I am being threatened with a lawsuit on a property we sold for a failing sewer system. We put a clause in the contract about the sewer problem, which was the exact same clause we had in our contract when we pur...
Michael Fink
Found a great deal! But....
I have come across a pretty good portfolio (56 units) deal. I have done my due diligence and gathered all the necessary numbers, ran it through the calculator offering full asking price and with no debt service incl...
Brandon Higdon
Non Permitted Structure
Hello Biggerpockets,I am looking for some help. I am about to put an offer in on a house that has a non-permitted structure attached to the house. The non-permitted structure would be a great addition because it would...
Rob Gervais
Grand Rapids, MI - Cap Rates
Hello everyone,
I’ve been analyzing small 2-4 unit properties on the MLS for a couple of months in Grand Rapids. If I use 25% for expenses (5% each for vacancy, capex, R&M, and 10% for PM), most houses hover rig...
Preeti Tibrewala
My tenant wants to fill the role of onsite manager
I own a 5 unit apartment building in Berkeley, CA. A long term tenant wants to play the role of onsite manager. She claims that the laundry room and trash cans needs upkeep.She offered this service to get some discoun...
Michael Morrongiello
Any Easy way to Get ESCROW Impound Funds BACK - when SUBJECT 2 Loan is paid off ???
BACKGROUND: Bought a property SUBJECT 2 an existing 1st lien (lets say serviced by Shellpoint) years ago. Loan is NOT in our name but in the name of the original borrowers. This account includes ESCROW IMPOUNDS being...
Alyssa Lebetsamer
Who determines if we have a mold problem?
I have a tenant writing me to say that she has mold growing in her attic. She sent a picture and it doesn't look like mold to me. It looks like paint splatter. I have my handyman going out there to work on some issues...
Paul Lucenti
Strategic ways to scale
We have purchased 8 investment properties over the last 2 years, we strictly rent them out with section 8. The goal is to scale our business 2x over the next 3 years which we believe is very doable. There are many way...