Maureen Campbell
Condo with SCARY basement - Can I get concessions to fix it?
Hi BPers, I am looking at buying another property as the owner occupant. Our exit strategy would be to move out and rent it out in about 3 years. Due to various personal circumstances, a condo will likely be our best ...
Jeremy Mahan
Lease to Purchase Deal - Should I Take the Deal?
Does anyone have experience with lease to purchase deals? A neighbor of mine has a house for sale for $145,000. He said he may be open to selling it as a lease to purchase for $900/mo for 20 yrs, or 240 months. Tha...
Michael Willis
Lagoon Water Treatment System
Hi All, can anyone chime in on whether a Lagoon Water Treatment Facility is something to run or not be afraid of. I have been told by certain agents that a Lagoon is the next best thing to city water and sewer. Is th...
David Mohrmann
Metrics for selecting locations to invest in
What are your best criteria for selecting locations to invest in? Do you have a minimum median income level in the county or a certain poverty rate? Please advise.
Jason Munger
Limit to how many properties you can flip per year?
A friend of mine said you can only flip a certain number of homes per year without being a licensed contractor. Similar to how you can only sell X number of cars per year without being a dealer. I've NEVER heard of ...
Adriana Welborn
Refinanced + Equity Loan on Primary Residence to fund BRRR
We bought our primary residency in 2017, we recently refinanced (Nov 2021) to get rid of PMI, but did not add cash back. We owe 321K and the market value is estimated between 600-700 (we did not need an appraisal for ...
Adam B Henderson
HVAC vs. Window Units and oil heat
Hey All,***buying a 3 unit to BRRRR**** The 3 unit multifamily currently uses oil heat and window units. For us to put HVAC in it is going to cost about 60k more with rewiring, replumbing and ducting. I think we cou...
Robert McCormick
Seasoning Requirements for Gift Funds (FHA vs Conventional)
I'm looking to purchase my first property in the very near future. (Duplex househack in North Jersey) I have 5% of the purchase price saved up + enough for closing costs, immediate repairs and reserves (roughly 5 mont...
Will Porter
Real Estate Investor T-Shirts - what would you want?
If you were going to design an REI t-shirt, what would you want it to say?"70% of ARV""REI""Bigger Pockets""Brandon & Josh Are My Heroes""§1031"I'm terrible at this.
Robert Arnold
Property Management Contract Concerns
We are new property owners in Ohio looking for some advice on a property management contract we are about to sign. We are seeking an experienced opinion on the following stipulations: The broker will collect and be...