Allison B.
Mortgage almost paid on 3 unit rental - what next?
Hi, My wife is Allison, I'm her husband David. We have a 3 rental unit in Park Slope, Brooklyn. The 15 yr mortgage will be paid off in 3 years. Right now we have 90% equity in the house. We'd like to make another ...
Glenn Espinosa
Q1 2013 in the books - Share your progress!
It seems like yesterday we were celebrating the new year but with the start of April, Quarter 1 2013 just finished! Also, with tax season finishing up, its time for some good ole' spring cleaning. While you're at it, ...
Jordan Burke
Need a boost
Hey BP, I'm feeling a little down. I have been looking for a place around the provo, ut area and cant find a multifamily that falls into the 50% rule. Does that mean I need to find some exceptions to the rule, or tha...
Barbara Hutsell
investment property (ours) foreclosure
I'm new so maybe you just need to point me somewhere, but here's my question: How do you get the Lender to take the Property!! It's been 20 months since our previous renters left it needing extensive cosmetic repair...
Justin Conza
Wholesale Lease Option Paperwork
Hi, My name is Justin and I'm a newbie to REI but I am very eager to get started investing. My background is in IT as a Systems admin and I've had my hand in a lot of other smaller business ventures. Now i am really t...
Jason Merchey
Level of Finish Out on a Fix and Hold?
I have been participating as the capital partner is a major renovation (90% new) in historic Charleston. The area is likely to appreciate, and so even though I can make $25,000 if I flip it in a month, I am also in...
Nat C.
Properties with illegal additions
In the past week I've looked at 10 MLS properties.
5 of those had illegal additions.
I'm not talking about an extra little balcony either. What was originally a single family house has had double the square footage ad...
Abimael Rodriguez
How to convince my wife to join me in real estate?
I'm just starting to set my goals and plans into real estate. My wife is all in favor with me. But I would like to involve her too, but she is not interested at all. She is a part time student, part time job, and part...
Fred Stevenson
My cash flow dilemna
So it appears to me in my local market and also at the macro level around the country that properties that cash flow nicely i.e. >1% rule are also in markets or neighborhoods that don't seem to appreciate that much...
Mehvish Ahmed
Are postcard mailouts for preforeclosures effective?
Hey guys!I'm trying to find the best strategy as a new investor. What are your thoughts on post card mailouts for preforeclosures? Hows the response rate of landing a home owner willing to work with you? Also, do you ...