I have a seller who is refusing to do anything except FSBO. He’s offering it at a very low price (mother passed and he doesn’t have the money to rehab it) and there seems to be a large margin there.As a Realtor, if I ...
Thanks to all the wonderful advice I have found by lurking around on BP for the last few months we are now under contract for our first rental property! It's a 3/1 SFH and we should be closing within the next 2 wee...
We had a showing at one of our C class properties yesterday, and a propsective tenant came in with a boyfriend. She submitted an application (incomplete, and that in itself is a red flag, short rental and employment h...
Does it ever make sense to invest in an expensive property that has negative cash flow, yet the ROI is very good? If I don't need the cash now, but just plan on selling the house in about 20 years. I get that everyone...
Could some one double check my math?Good morning everyone. Totally selfish question but, I am in negotiations with a landlord who wants to sell 2 quadplexes in St. Louis. I am very green when it comes to multifamilies...
If you are interested in mobile home lending as I am then it is time to face the facts that we cannot continue business as usual. The Safe Act only woke me up to the myriad of laws that we should be complying with an...
Hi BP Folks!My search skills must be weak and I apologize in advance for not being able to locate the answer to my question. I am trying to find out what capital improvements go in which bucket for cost segregation d...
I have been recently been doing quite a bit of research exploring possiblities for my IRA. The Checkbook IRA owned by an LLC seems to give you the most freedom and certainly the more exposure to the IRS if you perfor...
Is it true that there is a limit of 10 Fannie Mae loans over a person's lifetime? If so, is that 10 concurrent loans, or just 10 total?Does it apply to non-owner occupied/investment properties as well? This is in rega...
Just read a thread where a landlord gave a good reference. After doing so, the tenant went "bad". I am considering not giving ANY references but this may not be fair to a good tenant. What if you have a bad tenant and...