Tom Rockwell
House went back to bank at auction, now what?
Newbie here. Short version: I attended a local foreclosure auction and one of the houses I was interested in went back to the bank. Is there a way for me to buy it now directly from the bank, or do I have to wait fo...
David Fernandez
What to do when mortgage broker vanishes 25 days from closing?
Hi all,I have two properties under contract to close on June 30. They are 2 small multifamily buildings (6 and 7 units) in a different city and state (Baltimore, MD) than where we currently live and have experience in...
Johnnie Fair
I want to get in rentals
My wife and I recently purchased a hud home for 80k in San Antonio. We intend on living in the property and paying it off in a year and half. We want to live there for at least a year before trying to find another pro...
Greg Franck
Tenant Threatened Destruction to Property
Hello All, I am hoping to get some advice from the community on dealing with this situation. My wife and I management several home in the STL, MO area. Yesterday I was on site to install a new fire extinguisher in ...
Alejandro Rivera
First Deal Financing - HELOC or Commercial Loan?
I have a contract on my first multifamily commercial deal. The property is a six unit 2 bedroom 1 bath apartment building. It is currently fully occupied (month-to-month). It currently rents for (average) $500/month p...
Steven Segal
Flooring in Low Income Housing
I have a couple lower income houses. Carpet seems like a losing proposition. I have heard good things on vinyl plankQuestions:1. How does glue down keep up? Do corners come unglued easily?2. Do people prefer glue down...
Sylwia Leczycka
First time landlord question
Looking for some advice - am a first time landlord in morris county nj renting out my one bedroom condo. What is your opinion on using venmo or similar service to collect the rent? Thank you.
David Ivy
Austin Real Estate Market Update - September 2022
The September 2022 report from the Austin Board of Realtors shows the Austin metro market continuing to normalize in response to high inflation, mortgage rates approaching 7%, and a possible recession in the US. Here ...
Emily Tyler
To LLC or not LLC? That is the question.
Hi everyone, my husband and I are starting to do our research to get started in REI and we're very excited about all of this. The question we are having the most difficulty answering for ourselves is whether we should...
Andrew Perkins
Trading cash flow for appreciation
Hello,
I’d like to know your thoughts on 1031 exchanging a cash flowing property (purchased 3 years ago and over 1% rule) for a better property in a nicer area. The nicer area will certainly not cash flow as well wi...