Thomas C.
Interesting situation for a lease option
I have an interesting situation where i am considering proposing a lease option and would appreciate some feedback and hopefully point out any aspects of the situation I might not be considering.
I was approa...
Steven C. Suarez
Is buying a Vacation Rental a good investment?
Hi BPers! I'm looking to buy a condo in South Padre Island, TX. There are plenty for sale down there at what appears to be good prices. But that's part of my hang-up. Why would so many people be trying to get rid of t...
Eric Kim
I was out to do my first Lonnie's deal but..
(Hello, biggerpocketers) I got lost and very discouraged.
There are limited numbers of MHP in my area. I drove through all of them, and spoke with the most of owners and managers. One of the managers almost l...
John McAuley
FICA covered by W2, so does S Corp really buy me much?
Hey Everyone,I am mainly a buy and hold investor and have purchased our first 6 properties over the past 5 months. I had not intended to flip any but am now considering that given the huge equity we have in them. Th...
Eric Sebast
30% property management fee on long term properties?
Was hanging out with a friend of mine in Nashville TN a couple of days ago, and I knew he had investment properties, but it's not something we've ever really talked about. Mentioned to him that we were under contract ...
Logan Merrick
Would you offer on a house that has foundation issues?
Looked at a house that has sat for over a year vacant that was bought at auction. Has some mold and major foundational bowing in the basement. Should I make an offer or stay away?
Neal Hamil
First time landlord with a nightmare potential new tenant.
New to this whole thing so please be gentle.Im honestly scared of being sued.I did the research and jumped in with both feet...twice. I actually bought my first two rental houses at the same time and went through the ...
Stevan Radojevic
Help - To waive inspection or not?
Here is quick situation. MFH went on market. Few days later it was under contract. Buyer did inspection and then cancelled so property is back on market now. In the MLS, the inspector's report is attached showing deta...
Jacob Beg
MultFamily Rental investment gone wrong. Any advice?
I have purchased a multi family over a year ago, rehab took almost 6 months and it was mainly due to, and a series of poor contractors and poor property managers, as I was doing this from afar. The property was acquir...
Bryan H.
Eat the $100k tax on $400k sale?
I have a 1br condo in prime Dupont Circle neighborhood of Washington DC, - owned it for 27 years - could list it for $425k. Fully depreciated so $100k tax bill due at sale. It was long overdue for full renovation, ...