Wendy Forbes
Is there a way for me to buy before house is in foreclosure?
In casual conversation with my dentist the other day I mentioned that I was looking for someone who needed to sell their house so that I could flip it. My dentist told me he is that person. He is going through a nasty...
Zhihan Wan
Negligence Issue With Tenant
Hello, our rental home had a/c unit drains into the p trap in one of the bathroom and clogged the sink in upstairs. The tenants were out for 24 hours and came back found it and the water had already flooded out to th...
Acencion M.
My plan what do you think?
I have a question. My goal is to have 15 rent homes within the next 5 years. my first step was to get my own primary home and I did 3 weeks ago. Now I want to work on buying a home to rent out. I asked a lender and...
Gordon Starr
What's your minimum retirement portfolio look like? sell it?
Hi BP members! Think for a second about what you would need to retire on your RE portfolio. For me, it was a comfortable house that I own outright, plus around 30k net annually after expenses and with management and ...
Shawn Reisner
Apartment complex seems too good to be true. What am I missing?
Hi! I'm looking for my first investment property! I found a 6 unit apartment complex that consists of a building with 2 units next to a building with 4 units. All 6 units are rented out already for a total of $3545...
Frank M.
Owner owes back taxes and is about to be foreclosed on
Hey guys! I have a strategy/financing question. I am curious how to approach a homeowner that is about to lose their house due to 8k in back taxes that they cannot afford. They want to stay in the home as it has speci...
N/A N/A
My Biggest Fear
Is once I have the property being able to sell it. Im talking about doing rehabs.
I mean I justt told my partner that we have to figure in carrying costs. But I was just talking to a mortgage broker who said an inves...
Joe Delia
REO Property: Offered for 45K ended up being bought by someone else for 30K...?
Quick question. I offered 45K CASH on a property, and it ended up closing for 30K w/o me even receiving a highest and best...
Does this sound fishy to anyone else? Or is this simply a case of ge...
Amanda G.
How do you estimate if you can't see the inside?
I read an outdated book that had a rule of thumb for estimated $/Sq ft for renovation costs. Does this idea seem legit? How do you estimate when you can't get into the property before you make a bid?
James W.
Basic Question about Short Sales.
Hi guys,Why would an investor hope to get a deal on a short sale?I understand that the debt may be more than the market price. So the bank would approve a sale at market price. But what good is it for an investor to b...