Scorpio Johnson
Renting out: questionable history, please advise
We have an offer to rent out our property but the prospective tenants have some questionable history. Low credit scores (low 500), unpaid medical bills, a few collection agency accounts, supposedly never late on rent...
Bradley Levy
Adding a Basement Unit - Costs and ROI?
Good Morning,My partner and I own a brick two-flat (duplex is the term used everywhere else -- or so I'm told) in Chicago that we currently occupy. We have a full dry basement that is 50% below ground and as such has...
Taylor Matthews
Renting out a house you don’t own?
Hi Bigger Podcasts Community,I have a very interesting season and would greatly appreciate some guidance. My partner and I recently purchased a 4-unit rental property in Oakland in January and are finishing up renovat...
Alex G.
Condo buying question
Hello,
I want to bid on a Fannie Mae REO located in MA. I asked a buyer's agent for a copy of condominium bylaws and a statement of financial condition. She responded "These docs are usually passed along after your...
Amit Patel
Small reno that ended up being a much bigger reno
I wanted to post this Success story from a property we bought and then sold last year. I bought it as I was getting a discount of 50K from retail and figured at worst, we could flip it quickly without a realtor and ma...
Shirley X.
what to do with this kind of heating unit
We are planning a complete cosmetic rehab on a duplex with this for heating (see pic below). What the name is it? What would be the reasonable options to deal with it? (It looks unsightly and outdated.)Any thoughts wo...
Chris Licavoli
Portfolio Purchase Advice Sought
Hello BPers!I have had in the past and anticipate in the future being offered a portfolio of rental properties from a retiring investor. Back then it was like...deer in headlights response. I would love to get some ...
Lance Luvaul
A: refi 3 loans into 1? B: portfolio loans count in 4 loan limit?
Hi BP: sorry, two questions in one:A: If I refinance 3 hypothetical conforming/secondary loans into 1 big loan, does that reduce the number of loans that count against my limit of 4? (And maybe a 3rd question: is the...
Eric DeVito
Going to look at rental properties! Nervous/excited! Any tips/advice?
Hello all! I have been doing much reading and studying on real estate and found my niche which will be investing in a 2 family rental property. I will be going go to check out a few homes in a few days. I am nervous/e...
Karim Elahi
Section 8 in Philadelphia, PA
hello, I'm looking to start my rental portfolio. can you recommend some up to coming neighborhoods in philly with good rental potential? or any good area for philly rental? can you recommend any PMs aswell for PA? I’...