Matt Spicer
First foreclosure rehab completed and rented
On 11.19.14 I purchased my first foreclosure for investment purposes. I acquired the property for $30,001.00 from HUD and was able to close in only 14 days on the property.I am consolidating threads so it can help be...
Brianna H.
Sell or Rent?
We are looking at buying a new primary home and either renting or selling our current home. What is my best option? Here are the details:Purchase: $92kSell For: $190kLoan:-15 year loan (9 years left on loan)-2.9% inte...
Mani Swagath
Strategies & Best practices for Out-of-the-State landlord
My rental property is in a different state outside of the state i live. Currently i have a property manager, but i lose 1 month rent for the leasing fees, to both listing agent and showing agent, plus, i also lose 8% ...
Josh Faller
First flip and fix, still may fix and hold
Investment Info:
Single-family residence fix & flip investment in Kansas City.
Purchase price: $50,000
Cash invested: $3,000
Sale price: $50,000
ARV of $125k-$130k
Rehab costs of $25k
...
Martin Capanda
Can my tenant who flooded my house request me to pay for her hote
I live in California, Los Angeles county. My tenant who rents a room with bathroom in my house broke shower handle and was not able to close the water. She tried to contact me over the phone, however, exactly on that ...
Andrea Moren
First Time Buyer Needs Advice
Hi all -I'm a big fan of BP and have been listening to the podcast and following the threads for over a year now. I figured I would reach out to the community to ask for advice. I have saved enough for a 20% deposit (...
Michael King
Is it worth paying for points?
I'm finalizing the loan for a 4plex. The loan is 30 years for $240K and the quoted rate is 5.125%. I can buy it down to 5% for $1013, or 4.875% for $1644.
If I buy it down to 5% I save $25 in interest per month. It w...
Adam Brammer
Finding Financing for 5+ Unit Properties
I am a newbie real estate investor looking mostly at multi-family properties, most of which are 5+ units. I have found several that work really well numbers wise if I am able to find a 30 year loan. Most banks I have ...
Account Closed
Analyzing a MHP all park owned homes
So trying to analyze a 25-50 unit MHP that has all park owned homes. How should I go about breaking it down to make a strong yet realistic offer. mid it were just lot rents it would be 225-275 from what I am currently...
Susan Tan
Fridge replacement advice
This is my first major repair request as a new landlady. I received this question from my property manager: "We sent someone out and it can not be repaired. I am sorry to have to tell you this news. Do we have your ap...