Ursula B.
Question on Fannie Mae Counteroffer
Hoping anyone that has bought from Fannie Mae can help on this. Just got a counter from Fannie Mae, and we are $4K apart. They are $2K down from list price. Since there were multiple offers and I have a financing ...
Ericka G.
Is this a good buy for East Point, GA?
Hi there,Found what appears to be a great house for our 5th investment property - a 5bd/2bath a few blocks from MARTA (Atlanta's "subway") and 2 stops from the airport. There is an upstairs loft with two additional ro...
Joe Boggin
28% cap rate
total investment for my first rental before i get a security deposit and first month rent is roughly 25k. im planning on 800 a month rent (already rented just need to close). if i can assume 600 NOI monthly (i don...
Rafael Floresta
Estimating indoor repairs for a foreclosure
I got the gist of foreclosure auction here in my area, but I am still unsure of how I should estimate indoor repairs for foreclosures. I can estimate things like siding, roof, grading by driving by, but most of the...
Padam Neopane
Pet policy for rental property
Hello BP Family,Prospective tenant want cat in the apartment even though we have no pet policy. Tenant is ready to pay for any damages it may cause.We never have pet issues in the past. I am thinking of renting with p...
Erick Garske
Contractor threatening mechanics lien unless his extortion is paid
Originally I hired a contractor in March 2015 for a job that he claimed would take no more than ten days. Three months later in March, he completed 80% of the work and had been paid 90% of balance. He claimed to be on...
Priscilla Z.
How should I structure this deal?
Hi Everyone!! I've been gone for a while rehabbing houses ... now I'm back and need some of your expertise...please advise. Here's the deal:
4/2/2 Frame house in FL
ARV: 150K-160K
Mortgage Balance: 70K with 18 years...
Keith N.
Tenant Wiring
I've been renting houses and duplexes for almost 12 years now, and this is the first time I've encountered this problem.I have a 3BR/1BA SFH that 3 guys in their 20's-30's started renting about a year ago. When they ...
Jimmy S.
landlord has to "store" tenants belongings after eviction?
Well first time I ever had to evict someone and the courts sent me a paper and also the sheriff who did the eviction and said I MUST store the tenants belongings/personal property for 10 days. If they do not notify me...
Terrence Evans
basic question about mortgage loans
I feel dumb for asking this given how I once had a mortgage.But.. let's say you bought a house for less than it was worth. So you have equity built in. And let's use real numbers. This mythical house was bought for ...