Ron Todd
Why won't they haggle?
I found the perfect home and was even more excited to see it had been REO for several years! I made an offer with my real estate agent and the bank countered by barely moving down. After a bit more research (small tow...
Account Closed
Simple bookkeeping advice
Hello everyone a complete newbie here, and about to close on a property soon. I was wondering if anyone had any advice on keeping track on income, expenses, Net operating expenses, Net operating income. I've seen some...
Georges A.
Urgent Advice needed - should I keep the inspection or not
Guys give me your insight on this one..
REO in a nice area in Medford listed as a HomeSteps (that unfortunately doesn't exist in MA yet so I'm stuck with a regular loan) so not competing with investors for 40...
Keith Albrecht
St. Paul, MN
Good Afternoon,I'm looking at buying my first duplex in one of these three areas. Thomas-Dale (frog town), Dayton's Bluff, or Payne and Phalen. Does anyone on BP own any multifamily homes in these areas, and if so are...
Felix K.
Foundation Engineering Survey - Not sure what to make of it.
There were a crack on garage wall, so I hired a Structural Engineer. Attached a survey and part of their statement regarding it. I can't determine if the issue is serious or not. Would appreciate your opinion. Tha...
John Choe
Contractor gave a not to exceed then invoice exceeded it
I'm in the process of a remodel on a 4-plex from about 4 hours away. I contacted a contractor and asked for a not to exceed number for each unit. After much back and forth the foreman for the job gave me a number fo...
Michael Lenahan
Tenants owe me 5K in back rent - What is my recourse?
Hi,My first time in 5 years of Real Estate Investing that I had to evict someone. So the process is new to me...The tenant was recently locked out (11.28) and their Petition to Restore was denied. They owe me over 5K...
Michael Junior
Under contract for a 1920 multi family
Hey I’m currently under contract for a 3 family built in 1921 and a 4 family built around the same time. Side by side buildings sharing a lot.Anyways my question is.. would you feel comfortable buying properties this ...
Bill Gulley
$3 M To Whistleblower, Will We Have Bounty Hunters In RE?
While I was investigating Arbitration in RE Contracts I came across some legal notes pertaining to whistleblowers and informants, I believe it's covered in Section 599 of the Dodd Frank Act and an option available for...
Casey Rolland
Small Apartment ($1M~$1.5M), Seller's market?
Hello BP Advanced Users, I am new to this world. I have several single rental homes and I am trying to purchase a small apt in the range of $1m~1.5m. Brokers tell me that it is currently a seller's market with the A...