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Owner Finance Buyer not keeping property insurable
I sold a property about 3 years ago to a buyer owner finance. The buyer has not kept property in a condition that the insurance companies consider insurable so they canceled the coverage. We cannot even find an lende...
Robert Johnson
Looking at first BRRRR property.
Hey BP,I have a showing scheduled tomorrow for a property I am looking to BRRR. The property is a duplex currently being used as a boarding house for some of the less than ideal tenants. I am interested in the propert...
Michael Jay
Hud owner occupant insight and requirements or exceptions
18 months ago I purchased a house from hud, as owner occupant, with cash from previous sale of my residence. I’m now looking to move and interested in a new property listed with hud as it is in my preferred area. Am ...
Joe R.
Property Management Companies
Hello, I joined Biggerpockets.com as per a recommendation from a friend. I currently own 1 rental property in NJ that I self manage. I would like to expand my portfolio and I am interested in obtaining advice from peo...
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Investing in Rosenberg TX
Hi BPers in Houston Metro area, I'm putting in an offer on a small multifamily in Rosenberg TX. The numbers look pretty good and it's a lower rental property. But I'm curious as to your thoughts on the rental market...
Sean O'Dowd
Logistics of using both Umbrella insurance AND multiple LLC's
Hypothetical question that I may use to write an essay on for my current real estate class; was hoping to have an opinion on it!Say you own 3 properties and manage them yourself. For some variety, one SFR, one duplex,...
Jason Moore
How much to have in Cash Reserve?
Is there a general rule for how much to have in cash reserve? For instance, 100K property with 25% down assuming its turnkey. Should I do 10-15% in cash of the purchase price in case anything goes awry? With my first ...
Joshua Womack
First time buying a quadplex
Hello BiggerPockets. My name is Joshua Womack. I am a realtor and an investor in Maryland. I am looking to purchase a rental property in New York. I asked my broker and my lender and they said that "most banks require...
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Who pays closing costs? ( SELLER FINANCING)
When you do seller financing with a pre-foreclosure property.. who pays for closing costs? You or the seller? If you, does it mean you have to pay like 9% closing costs? (the sellers closing costs + the buyer's closin...
Jared Wyatt
Fear of property taxes
Howdy BP fam! Just getting ready for this big step. My wwife has a boss with several properties that are not cashflowing dur to property taxes and maintenance. Is this common? How can this be mitigated? question 2.ho...