Daria B.
Seller and I are at an impass. :-|
I offered on a property done by rehabbers. They want to make their profit and I want to make my returns. Originally, they priced the house at $94,900, someone else offered and financing fell through. I don't know if t...
Mark Burik
Nightmare in St. Petersburg. Seller wants to sue.
I've been busting my hump trying to get my first deal. I put the earnest down on one but after inspections found it would cost an extra 40k so I pulled out. Now I've got a golden egg. Buying a great condition house fo...
J. Martin
Recession & Job Loss Predictor: Leads by 2.5 years!!
As I was poking around at the relationships between jobs and potential predictors of job losses, I started looking at a mathematical representation of something less quantitative, that we are all familiar with. This s...
Patrick Culleton
Would you negatively cashflow on a SFR?
Hey BP Nation!if you could rent out your primary residence, but would negatively cashflow approx $200/mo to do so, would you do it? Is there ever a point where the cashflow loss "makes sense" for you? Specifically, I ...
Janelle Niles
Question(s) re. "Subject-to" purchasing of homes
Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
Tiffani Baggett
I'm tired of the investors who don't care...
Hi Everyone! I get it. Birmingham is a great place to invest in and you get your ROI. However, recently I started noticing that in the Eastern Birmingham area, most homes, acquired by Out of State Investors (Californi...
Eric Gamble
Rental 50%-Rule vs 30%-Rule on a SFH
As an REI that primarily buys in cash, would my opportunities be taken seriously if I used and commuicated my 30%-Rule assumption?I am looking at wholesaling some properties in a highly desireable area. However, when...
Sam Erickson
Should I personally guarantee a seller financed office building?
I found a seller that owns a 20,000 sq ft. office building with no mortgage that is interested in carrying the note for me. The building has a gross cash flow of $68,000 as it sits now, with a gross potential of $160,...
Tee Riddle
Unusual Foreclosure Situation
Hi all,This is a long story and not sure if this is the right place to ask about my situation, but here goes.About a year ago my mother passed away. My mother and step-father were both on a fixed income and barely mak...
Cristal A.
Landlord Retaliation in Michigan?
Hello there,
I'm in Michigan with a Section 8/Hud Vash tenant who has 3 more months on an initial lease.
Inherited a house from my mother 11 years ago and jumped in after researching landlord/tenant laws in Mich,...