Aundrea Newbern
Condo in Atlanta - Should I sell or keep it?
I bought a 2 bed 2 bath condo in a prime area in Midtown Atlanta back in 2016. I paid 260k and owe 230k on the mortgage. It rents for $2300 a month and my monthly mortgage payment plus HOA feels total about $1750. If ...
Jose Guevarra
Requiring buyers to provide Proof of Funds
Hi, During wholesale deals we don't provide much more information outside what is posted on an ad before we see a POF from a buyer. Of course, this detours the window-shopper buyers but, I came across a "reputable" b...
Myres McDougal
What is the Magic Number for a Six Unit Property?
Hi Everyone, I keep watching this property, a flipped six unit apartment building in Arvada. The price just dropped but still is not making the cut when I run the numbers. I though it would be interesting to see what ...
Jane H.
Do We Fire this Property Manager
We have managed one SFR property, about 50 miles away, for 20 years. Got burned by one hoarding Tenant, who illegally was running a business. When he broke the Lease early (turns out he made a fortune and drove away ...
Steevee Reroma
Where to look in SoCal
Hello, Partner wants to start investing within driving distance from us, about 2-3 hours away from Los Angeles. Where is still a good place to look? Were looking for properties under $250K, turnkey or BRRR preferred. ...
Ryan Walker
Lead, Asbestos, K&T, and bears oh my!
Hi BP!I'm a new investor in the Massachusetts area and I'm curious as to if any of you have experienced a similar situation as the one I am going through right now. I have noticed in my search for an investment proper...
Logan Allec
Non-Taxable Income for FHA Loans: Do 401(k) contributions count?
It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...
Bryan Hancock
Bringing Up The Negative Influence Again
Some members of our site repeatedly berate new members and generally wreak havoc with negative comments. I know this has been discussed before and it isn't popular, but what are the current thoughts on a negative inf...
Patrick Bunn
Using Retirement Accounts for REI
I just read The Book on Tax Strategies for the Savvy Real Estate Investor. It is a great book. And based on something I read in there I asked myself “how can I use my 401k to invest in real estate?”Setup:Toward the en...
Kyle Marsh
How far is "too far" from campus for a student rental property?
Hello,How far away from campus is the maximum distance you would want to invest in a student rental property? Would a 10-15 minute drive to campus be pushing it for investing in a student rental property? Would the re...