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We are working on our first fix-up rental property in North Jersey. we took out the old carpet and took out the old drop ceilings, so quite a lot of garbage. How do you dump the garbage and how much does it usually co...
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Hey BP,I am trying to completely understand how the lease option works. Hypothetical situation :Seller owes 50k on a house, ARV is 110k. I come in an offer a lease option and they accept. Terms of the deal are 5 ye...
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I'm new to BiggerPockets and was referred to this website by a friend. I was hoping to get the advice of more seasoned professionals. My family has a 3 unit investment property in Cobble Hill Brooklyn NY which has app...
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I understand the high level idea of seller financing, and i am now faced with two properties that I feel could be perfect for this. I have never used seller financing, as i am currently house hacking with an FHA loan...
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Is it possible to file for BK 7 and still keep any rental properties if that is your only source of income? Won't qualify for chapter 13 due to excessive debt and chapter 11 is too expensive. :roll:
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some of you might remember that i am closing on a house in about 2 weeks or so. the house is currently owned by an elderly lady who is in nursing home. I think her two daughters act on her behalf.
Currently a niece o...
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I am extremely fortunate to have found this site. I have been reading different topics and blogs on BP since last week, and there is great deal of information that will be extremely helpful as I begin investing/wholes...
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Would a month's rent for 2 adults living in a property be adequate Security deposit? (I plan on raising deposit by $500 which is 1/3 of month's rent for each addtl adult, such that 2 adults = $1500, 3 adults = $2000 d...
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I am interested in a property that is going through pre-foreclosure for the past year... Here are the FACTS:
1. Property was purchased in 2006 for 450k.
2. The owner took 3 mortgages: 1st - 350k, 2nd 100k, and 3rd...
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Hi every one. I have a deal I have been working on since October. Loan is with SunTrust (Freddie Mac). My LLC stepped out of the way to let the end buyer buy directly from the bank. Agent is only getting 3% and my ...