Rob C.
Rodent droppings scattered all over the attic- Dealbreaker?
A house I'm considering purchasing has a pest problem, and there are a lot of rodent droppings in the garage and attic. If I go through with purchasing it, I'm planning to hire a pest control company to get rid of the...
Jim Mootrey
Mold: How much to discount?
I am in the due diligence period on a short sale. The inspector found mold in multiple places in the finished basement. The house has been empty since July and the utilities were turned off. I think that is the ...
Stephen Jones
Calling investors with experience, need to breakdown a MF deal
Experienced BP investors,I am in the process of potentially purchasing a 30 unit multifamily apartment complex. It would be greatly appreciated if someone could reach out to help me breakdown this deal. I would just l...
Me Me
can you get a short-sale approved with no hardshps, and w/o neg. affecting credit
If you want to do a short sale but have never been delinquent, have no trouble making payments, and do NOT want the bank to forgive the difference, but allow you to make arrangements to pay it off (assume as a loan o...
Ben D.
Rental Property & Lead Paint
Hello!
As a result of a previous post where I asked about a HELOC against a rental property (thanks again!), I am now in the market to acquire my next investment property. We've been looking for about a week now and...
Mike H.
Illegal tenants! A situation that is happening right now!
Hey everyone! I am in a bit of a tricky situation and wondering if anyone has experience in dealing with a situation like this...
So I am looking to purchase an 8/3 REO in Brooklyn, NY. The numbers are grea...
Kenneth LaVoie
repairs and capex too high, tips?
Good morning,We've been at it for nearly 6 years. We've bought lots of distressed buildings and plowed all the profit back into them. Now we're trying to get a handle on repairs expenses and capital improvements. We'r...
Derek Hammond
Financing a Currently Leased Property
I am looking to acquire my first property. My personal finances look to qualify me for around $125k. I have about $7k to work with for a down payment. I live in Kansas City, MO and am looking to buy in the area as I w...
Ken Virzi
Is insurance just for the loan?
So my natural bent would be to go as cheap as possible to simply satisfy the loan requirements. I guess I am a skeptic that thinks between the deductible and the claim fighting that I won't ever get any benefit from t...
Don Nelson
Can't make the numbers work
So I've been analyzing properties for more than a week. I've built an impressive spreadsheet that accounts for just about everything, and it's remarkable how accurate the 50% rule is in general. Bottom line is this....