J Scott
Banks Are Idiots
Here's a fun story...it's long, but I think you'll get a good chuckle:
We have a short sale under contract, and there are two mortgages on the property, both held by Chase Bank. To get the short sale approved, there...
Sam Fong
Tenants need more time to move out after giving 60 day notice to vacate
I purchased my first rental property a few months ago. It is a detached duplex with long term existing tenants. By long I mean the front unit lived there for 13 year, and the back unit lived there for 30 years! Th...
Brian Green
Zoning Issue with a Falsely Advertised Multi-Family
I purchased a multi-family property in the Summer of '15 that originally showed very positive cash flow and potential appreciation. The property was listed on the MLS as a 3 family + in law suite so my strategy was to...
Jonathan Jewell
Making the offer. Full Price or reduced price
How you all doing fellow Bp'ers. Gotta another question for the group. I came across a multi-unit, that did a walk through on and I want it. It would be my first, just an FYI. But it has all the ingredients, gre...
Dillan Ruthenberg
What is the bottleneck in appraisals for HELOC/Refinance
Hi Everyone,I have my 2nd property closed and set to take possession Jan 18th. It is a Triplex purchased for 222,500 (good price for my area). The building is stucco and could use a bit of updating to increase rents ...
Sara C.
Flip house not selling
Hi, guys…trying to stay calm over here :) My flip has now been on the market for a month in a seller's market in Atlanta and showings have slowed waaay down. Click here for the listing, w/ address, pics. (fyi sq foot...
Etim Fisk
Is it a good idea to buy an apartment with no tenants in it?
The property I am attempting to buy is in a very nice wealthy neighborhood in central Illinois, however, It doesn’t have a single renter occupying the property at the moment. I’m wondering if I should forgo buying thi...
Brandon Shaffer
HELOC- Lessons Learned?
Hey BP! My wife and I are now up to three properties and are brainstorming some of the creative ways to raise/leverage capital. I have about $160k in equity from my first home and am considering a HELOC in order to hu...
Jason Powell
What value do you get from your Financial Advisor?
I would love to hear from folks who use an advisor and are content to pay their 1%(ish) fee, what value are you getting that you feel is worth paying for?
Jonathan Tea
Favorite out-of-state turnkey investment areas?
Hello BP community,I've been looking for turnkey properties in the mid-west. I'm wondering what areas are your favorites?I've been looking at Memphis as my first investment property. What are your thoughts?Thanks!