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We just shook hands on a 6-plex deal-- owner financing-- 185K, 37K down at 3.9%, 30 year amortization, 10 year balloon. But he kept saying "land contract," and I didn't ask what he meant (face palm!!). When we got b...
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I read on Twitter that someone’s roommate is a super host on Airbnb and has 10+ mortgages/lease agreements. They are on an Airbnb forum and there are many of them in the same situation. I listen to str podcasts and t...
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I'm still in the beginning stages of analyzing properties and learning what is a great investment opportunity and what should be avoided. My realtor sent me an updated listing for a property that we've been monito...
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First, here is some background on this deal. My wife and I are new investors located in Houston. This is the second home that we have rehabbed. I thought we made every mistake in the book on the first house, but aft...
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I have a property in which the rent has always been current, but it is now two days late. The boyfriend was found guilty today of two felonies and is awaiting sentencing with no bail.Now his girlfriend and two-month-...
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I am looking to be a passive investor in a multi-family syndication. Who are some popular and well respected groups that others have used or know about that I can research or get to know?
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Hello BP!I am considering purchasing a few SFR's in the greater Cleveland area (Euclid) and I've been made aware that the owner is responsible for paying the water and sewer bill. I was hoping to hear how some other ...
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A new colleague of mine here on BP has asked me some questions via PM and I thought it was best to present his questions and my answers in the public forum for all to benefit from. This will also give him and others t...
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So I've read @J Scott's The Book on Flipping Houses, purchased the Enterprise Edition of the house flipping spreadsheet, navigated Homewyse.com for hours, and I'm still stuck. I have absolutely no experience in cons...
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Help!I self manage a few properties, one of which is a house that I rent out to multiple college students by room. I just received this email from a tenant: "I just wanted to inform you that I got a service animal and...