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I'm the process of locating owners for abandoned property. After speaking to a few neighbors, it is assumed that the owners are deceased. I checked the taxes and sure enough no taxes have been paid in four years. I wa...
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What is your opinion or experience by starting a tenant with a month-to-month lease instead of a full year term? I have concerns over a tenant prospect and I consider ending a lease and easier option than evicting. Le...
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Assuming all things are equal (CoC return, etc.) is there any advantage in have four units vs two if the cash flow is the same? I like to consider time spent as so in this scenario I would spend less time on two uni...
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Hello all!My wife and I have been exploring the option of real-estate investing, and through the advice of friends we stumbled upon the BiggerPockets podcast. We have listened to several episodes, and are trying to ge...
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What happens with taxes and insurance in a "subject to" purchase? I assume the lender mostly doesn't care who the house belongs to, as long as the mortgage is being paid? What about the escrowing of taxes (new rate) a...
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Hello BP,I'm new to REI and running the numbers for my first property. I'd really appreciate experienced investors to take a look at my work and let me know if my assumptions are sound or if I'm completely off base. A...
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Does anyone out there understand the ins and out of the new “opportunity zones”?Las Vegas has chosen at least 5 new ones here in the valley. It sure sounds like you can 1031 exchange in to property in one of these zon...
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I just read the "Ultimate Beginner Guide" provided by BiggerPockets and noted the investment rule of 2%, and find it may not be realistic in my humble opinion.
If I am correct using the 2% rule, a home that cost $200...
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Situation:
Brother owes $143,000 on mortgage
House Value(according to comps) $121,000
Offer Home to lender as a short sale for $100,000 (sister says lender may take/she is a realtor in Atlanta).
I would purchase.
An...
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I have my first property manager for one unit. This is the second month this tenant has been in there, and he hasn't paid yet 21st of the month. However, it is normal for the Property Management Company to charge th...