Account Closed
Help! Good cash flow numbers but in lower class ghetto area
title says it all i have a fourplex under contract and upon seeing the location was not thrilled to see that it was in kindof a ghetto area and kinda run down. However the numbers and cashflow are very good. The alrea...
Kevin Cooper
Incorporate LLC in Wyoming Vs Michigan?
Hi BP members,I'm wondering if anyone can provide some real world practical advice on the pros and cons of registering my LLC in Wyoming (for charging order protection) versus registering my LLC in Michigan (my home s...
Austin Steed
Is a loan worth it?
I've been doing some research on loans and the more I'm finding the less I want to even mess around with it. I've been listening to Brandon Turner's book "Rental Property investing" and just finished all of Ohio's pre...
Gregg Barney
Investor, rehabb from RI
We are currently buying and flipping successfully in the Rhode Island, Eastern Connecticut area. Looking to network and build a relationship with a group of wholesalers.
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...
Shanequa J.
Lifetime warranty on flooring
Has anyone bought flooring for a rental that had a lifetime warranty? I've noticed some companies (Armstrong, Mohawk) offer lifetime warranties against tears or stains, but was wondering what the catch was.
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...
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 (It looks unsightly and outdated.)Any thoughts wo...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 ...
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...