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What's up with all the low income, cheap property "deals"? "I bought a house for $30,000 and rent it out for $700! I'm going to make a great return!"You are completely neglecting future CAPEX. What happens when you ne...
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HOA's have figured out new victims to fleece, the flipper. In Arizona I have watched HOA fees climb to absurd amounts. Recently legislation was put into place to limit their transfer fees to $400, but as expected they...
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Hello beautiful people of BP,I know I'll make the final call, but as a LL of 15 months I'm still trying to determine what really matters most and what to avoid when placing a tenant. And I'm not too proud to ask for a...
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Question for all the agent/brokers out there. I would like to buy a property that has been contingent twice, each time falling thru after inspection. I understand previous inspections reports are the property of previ...
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Hi BP nation,I am very sure you all will be rather surprised to see this often belated question come up again? Well, I am forced to ask this question because I have read a couple of REI machinations being bandied arou...
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I'm a new investor and would love to hear your opinion on my 1st rental property purchase attempt in Southern California.The good:1. 4/2/2 1600 sf SFH with big yard;2. flipped house so everything is new;3. comps with ...
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I'm super excited to be purchasing my first multi-family property, a 12 unit apartment (8 one bedrooms, 4 two bedrooms) in a great suburban area. I've been a residential Real Estate Broker 17 years and have been inve...
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My wife and I are going to look at two properties tomorrow that we are evaluating as short term rental investments. The properties are in the North Carolina mountains (near Boone), where there are lots of outdoor acti...
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Looking at a Triplex today, the listing agent said they don't typically give an estoppel statement, they just provide copies of the lease.I've never purchased an occupied property before, and everything on BiggerPocke...
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Two days ago I put in an offer on a REO owned by HUD. My agent went to check on status of offer yesterday and said HUD had canceled my offer with no explanation. Can someone shed some light on why this may have been t...