Najat F Kessler
Closed on property to find out tenants issues after the fact!
Hello Everyone,I closed on my first 3 units family investment property yesterday.House is located in Providence, paid 320K, property in great shape and has character. There are 2 bed 1 bath units, the units have large...
David Fernandez
Buying my first note
Hi!I invested in RE for a few years now. Usually, most of my investments are buy property and rent it out for positive cash flow or sell them for profit. I am more used to analyzing short term investments rather than ...
Steven Thomas
What do you pay for ongoing maintenance?
Hi everyone! I'm doing some research for an upcoming venture, so I've got some questions for you pertaining to maintenance on buy and hold and cash flow properties. Understanding of course that some of the answers wil...
Sophie Mia
Agreeing to buying foreclosed house before inspection?
Hi everyone,
I'm in the process of buying a triplex (foreclosure). It looks like it's in very good condition and should be move-in ready. I will be using FHA Financing.
The problem is that the bank gave...
Arie Guerra
Tax Law and Financial/RE Planning
Hi! New Bigger Pockets member who is looking for *serious* financial and RE guidance. I currently have a CPA (only handles taxes and offers standard tax deductions advice) and a wealth manager at Abacus (handles retir...
Dae’Leon Flucas
Next step in the process?
I have found 5 multi family properties in the same complex, if I were to bundle the units and purchase them at asking price(not likely to happen) it would cost $450,000. The net profit yearly would be in the 110-130K ...
Wes Brumit
Sub2 Deal worth doing?
House bought in 2009 with $115,000 left on 30 year note.
Pmts w/o Taxes&Ins = 705.11 @ 5.8%
Property taxes paid separately @ $3360/yr
Rent estimates at $1300/month
Ins pmts about $200/mo...
Jason Malabute
making offer before visiting property
Hi All,I want to increase my monthly/weekly offers made. What are the consequences of your offer being accepted BEFORE visiting the property? Once your offer is accepted do you have to go through with the deal? if you...
Brian Feltz
Contract Negotiations
I just received a counter offer back for a duplex I plan to wholesale. The seller wants me to change responsibility of title insurance from "seller" to "buyer" (ok, sure). Include terms of financing I am seeking (I ...
Ray Shem
Possible First Deal - Fannie Mae Foreclosure with Hompath Mortgage
I'm looking at the following Fannie Mae foreclosure:
3 BR/1.5 BA
Decent Working-Class Neighborhood
Price: $52,900 (asking)
Rehab: $2,500-$3,000 (nothing major, but needs fridge and dishwasher)
Potential Rental Income...