Leon Lee
Possession of the property 7 days after the closing
Hi, BP expertsI am about to sign a contract, but the seller wants me to agree that "Possession of the property shall be granted 3-7 days after closing". During the touring, I know there is at least one tenant living i...
Michael Vallee
It’s not you it’s me - how to break a lease with a tenant
Would really appreciate any insights into how to or ways to break lease with tenants?
Here’s the scenario - buying a 4 plex that was all rented out in Aug for 1 year on 3 units and 2 years on 1 Unit. At about 40% bel...
Shilpa Matlock
How to Rehab a Fully Occupied Property?
I'm looking to buy a duplex, fully occupied at (drastically) under market rents in a small town. This is a long-distance, buy and hold investment. I want to rehab and raise rents. How can I do a rehab if there are alr...
Darius Lipsey
Owner move in evictions South Bend, Indiana
Hey, BP!So ideally I'd like to buy some type of multi family property as my first investment most likely a duplex, but a triplex, or fourplex would be even better in my opinion for cash flow. Icurrently live in an apa...
Nemi W.
Received offer, but what to do...?
Hi FH family,
I received an offer on a home I have under contract. Asking $16k, will take a minimum of $12k, which will give me a $2k fee. I have an investor who has offered $14k, if I would accept a $5k non-refunda...
Eric Black
Need assistance with potential deal in Tuscaloosa, AL
Hello fellow BP'ers,
I have a lead on a property in Tuscaloosa, AL. Being in California I am not familiar with the market and can't get there quickly to do an evaluation.
Here's the gist of the lead:
...
John Arnold
Wholesaling Newbie from the North Jersey area
Hello all my name is John from North Jersey. Im in the beginning stages of real estate investing. Ive been doing alot of studying and figured this is the time to go all in. I would like to begin with wholesaling, I pu...
John Thomas
Advice Wanted - Hold, Sell Now, or Sell Later
What Would You Do?I have a rental that breaks even monthly, but the loan is adjusting in 6 months which will make me go negative by $300 to $400. I bought it as a primary residence years ago and transitioned it into ...
Maggie Nickerson
How do I back out of an accepted offer
Hello fellow BP'sIn a pinch!How can I back out of an accepted offer 2 days to closing? I have an accepted offer on an LLC short term rental, I put up $50k EMD wired, certified funds to my Agent. I understand that at...
Jared Baker
Deal Analysis for Reports Finding informatinon not listed
Hi guys,I have made it a goal to buy my first property by May 2018. I would like it to be a multi-family between 4-8 units or possibly larger. My question though comes with looking at properties right now. At what ...