Bob Lowry
Rental Rates
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...
Leroy Williams
Short Sale Option
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...
Xela Batchelder
Property Management - When and how do they charge their % ?
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...
J J Moody
Key traits of a good property management company
What are some key traits of a good property management firm? I already know I will want to outsource this aspect of my rental property business but haven't started vetting PM companies. For those of you have the exper...
Adam Purden
Would you do a 1031 Exchange if you were in our shoes?
I am in escrow on a condo we are selling for $380K. We have had so many HOA plumbing/pipe issues over the years and we are just tired of the headache. After three major water remediation and renovations, we are over t...
Jon Dawes
Keep equity for lower mortgage payment on primary v. buy cash-flowing invesements?
I'm still green around the ears but am preparing for my first rental property purchase this year. Assume for the sake of this conversation that all of my other finances are in order. I have been trying to process two ...
Jose Cabanero
Getting a Quitclaim deed?
Okay, I'm brand new here, go easy. :wink:
I'm trying to acquire a property out in Arizona. I know there is an encumbrance against the property, is there anything special that I need to do? Or can someone perhaps wa...
Keith W.
What's the True with Subject TO?
I am new to investing and should be in a position to make an offer on a deal real soon. Like within days I should have my financing ready. I'm really intrigued by the whole Pre-foreclosure Investing concept, particula...
Corey Kenney
Seller misrepresented the property and now I am under contract?
In my scenario the property was being marketed as having “Central Air” cooling and it actually spells It out on the listing twice so I didn’t question it and after seeing so many properties that day i assumed everyth...
Vania Castillo
Help with Title Problem!!
Hello BP community!
I'd like some advise with the following Title problem: Three years ago I foreclosed in a tax lien and became the owner of the property. I sold it with seller financing and insured the Title with...