Mike Lynch
What would you do with the money?
If tomorrow you suddenly had around $300,000 cash, would you:Try to purchase several $50,000 homes and rent them out?Purchase a couple $100,000 homes and rent them?Buy fix and flips and rentals using the banks money?I...
Marcus Nickson
What are the pros ans cons of owning a property free and clear
Hello Fellow BP Members,I'm currently educating myself on multi family real estate investing. I would like to develop a portfolio of 100+ units in the next 10 yrs. I'm currently saving up to purchase a duplex in 2017....
Matthew Shay
Investment criteria for buying Apartment Buildings
I am interested to hear different investment criteria that people have for multifamily properties. I know that this is a subjective question. Some of the metrics I want to know about include cap rate, COCR, IRR, DSCR....
Greg K.
Very strange Short Pay/Sale clause in banks agreement
Has anyone ever seen such a clause in a contract(approval letter with terms) for a hardship based Short Pay, or even for a Short Sale?)"Dear Customer(s):Select Portfolio Servicing, Inc. (SPS), the mortgage servicer on...
Account Closed
Where to Invest these days?
I am just getting started in real estate investing with intentions of buying buy and hold cash flow properties regularly over the next six months to a year. I recently bought 2 homes in Indianapolis and plan to retur...
Evelyn Jordan
No SSN, no CC, No Proof of Income
Hey BP People,I am currently screening tenant applications for a vacant rental property of mine and I came across an interesting situation. The applicants are a Hispanic family with 3 young kids; Mother is a housewife...
Account Closed
Wwon't investors pay more than $30,000 for $700 monthly rents?
Why?Didn't want to hijack the other thread but it seems like this is the question investors should be asking themselves. If you can consistently receive $700 rent on a $30,000 purchase then why doesn't the market bid...
Ann Wu
Tenant is threatening about sign of poison
My tenant texted me that he is showing sysdams of asbestos poison. He will be live there a full year at the end of March. My property is built in 70's and I didn't know anything of the asbestos. The property is a town...
Account Closed
Where Should I Move... Scenario - Help me plan my future
Here is your scenario – Your financial standing is as follows:
$80,000 in cash savings$70,000 household salary (will be $100k+ in 3-5yrs)$20,000 debt (school, cc and medical)$0 assets You are married with no ...
Tony Nguyen
How Much Real Estate VS Stock Do You Own?
Hello all,Right now, I currently have all real estate assets and no money in stocks. I met with a financial advisor yesterday, who is a trusted friend-of-a-friend, and suggests I put a chunk of money into tax savings ...