Dhru Das
Possible encroachment by building next door
HelloI am purchasing a 2 unit frame building in Chicago Lincoln Sq area to live in one unit and rent out the other. The property needs extensive rehab. That is not the issue, nothing that a GC can't fix. I do have dou...
George T.
SELL PROPERTY W TENANT OR WITHOUT?
Hello fellow BP community,I own an investment property in Memphis, TN. The house has been positive cash flowing very nice over the past 2 years, but I am looking into buying a house in my current area.The property is ...
Manuel Rosa
NJ Flip: Before/After/Numbers
I shared some details on Twitter of a home I recently renovated in Kearny, NJ, and was asked to share more info here. I am a listener of the Podcast, but don't typically participate in the forums, but here goes:How I ...
Rhonda Healey
Tenant giving 30 day notice.
We are new to this and actually started as a fluke. We bought a house in a different area before we even listed our house. Long story short we had the opportunity to rent our house during slow winter months and now ow...
Lorin K.
Where in the country are the %1.5 to %2.0 properties in B areas?
I do not think properties like this exist in the Seattle region. If I ever relocate what would be the best state for maximum rate of return? is the normal 1.5-2.0 percenters assumed to require the owner to manage and...
Kenneth Garrett
Lease Option Considerations
Looking at a Lease option to purchase and will rent out to my tenant. Anyone have experience with these types of transactions? Option fee is 10,000 for 125,000 purchase. What is typical length, does payment apply t...
Ashley Langeliers
tax code income limits
Hi everyone! Last year, my husband and I became landlords by default when we moved out of our primary home on the Central Coast of California to the Bay Area for job relocation. It worked out nicely however as we ha...
Abdul Azeez
Conventional lending for out of state investor in Memphis TN
Folks - I need your help on something. When exploring buying through an agent in Memphis TN, i am running into the following challenge. One of the lenders I talked to said the property has to be in a good condition fo...
Tara Myrick
FHA rejection
Hello everyone,I am in dire need of some guidance. Here are the logistics:Trying to acquire an owner-occupied 2-family using my FHA loan.Mortgage company rejected me because:My job is 2 hours from the propertyI work ...
Jessica Scott
What are the most important questions to ask a Realtor?
I live in the San Francisco Bay Area. Being that I'm just starting out I'm feeling overwhelmed in the local market, I plan on looking to invest about 1.5 hours away in the Sacramento area. I have an upcoming trip and ...