Account Closed
Evict vs collections?
Hi everyone! We have two properties in IN. In one property, the tenant wasn’t paying rent and upon inspection by the PM, the property had significant damage, so we asked them to move out and their account was put int...
Sumit Kaul
top things to consider to buy out of state rental properties
new to this forum and wanted to know 1. What are the strategies to buy and manage rental properties out of state ( I am based in CA). What checklist or items should we consider before investing out of state so that it...
Ryan J Bondy
Direct Commercial Funding Inc.
Hello, I'm in the process of securing property in the U.S. as a Canadian investor. A private lender named Direct Commercial Funding Inc. has presented us with favorable loan terms, however, they include a substantial...
Stephanie Donahue
New Property_Fully Rented_No Leases_Next Steps?
Hello!We are looking at purchasing a rental, 6 unit, all fully rented. The problem is we have always bought vacant properties and picked our tenants; so this is a new process for us. Each unit is significantly under...
Jennifer Hollstein
Its not about how much you make, its about how much you keep
I am in search of someone who can help me- Northern NJThey always say hire someone smarter than you....I have formed an LLC and I am flipping a house. I have another house under contract that will also be a flip. Both...
Phil B.
Simultaneous or "double" closings in Tampa? Is this still an option any more or is it actually illegal?
Hi Guys n Gals,
Are double closings actually illegal in Florida as its been told to me by about a half dozen title companies? With each title company I spoke with, no one could cite any particular law that s...
Account Closed
?How much should one pay for a 1st position NPN?
It would seem that if the formula for buying a fix&flip is 70% x ARV - Rehab, then the formula for buying a NPN that you intend to foreclose/fix/flip should be x% x ARV - Rehab, where x% is less than 70%, but w...
Rajat Chopra
4 Plex Analysis on Deal
I am looking to purchase a 4 Plex that looks as follows:Purchase Price - $249,000Rent Collected = $3,150 / monthP&I - $955 / monthTaxes - $400.50 / monthInsurance - $218.67 / monthWater - $160 / monthProperty Mana...
Priceton Braswell
I have $30,000 cash. Ive never bought a house. Please help me.
Im 23 and I just got a settlement from an auto accident. The insurance company wouldnt cover the medical bills so my credit is 316 but I have 30k cash. My rent is 550 a month. Id like to invest in a property and rent ...
Daryl Biberston
Do you EVER rent to folks with an eviction? If so why?
Hello BP members. I have a few rental properties. Once every six months or so one becomes available. I re-list on the multiple listing service in my local area and I get dozens and dozens of applicants. My hard an...