Kevin Sage
How much is too much off of MLS for decent return?
Hi everyone, I recently looked at a local B/B+ property that has a longer than average time on the MLS. Both the agent and myself agree that its overpriced by ~$20,000, mostly due to the fact that besides paint, carpe...
Atul Mathur
What percentage of Dwelling coverage should you have for a walls in policy?
I'm looking for some feedback/recommendations. If you have an investment condo, what percentage of it's market value should you have for dwelling coverage in the event of a total loss? For example, if you have a $...
Account Closed
Should I should, or should I shouldn't?
The rental walkthrough has been done. I was there with the property manager at the time. There are minor repairs to be done, and some not so minor.
Apparently the second bath users weren't careful and the molding is...
Landen Hawk
Purchased Duplex in Prime KCMO for STR
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $625,000
Purchased large duplex in prime location of Kansas City, MO, 1-2 blocks from the Country Club Plaza. In...
Laura Diaz
Newbie here, need wholesaling advice.
Hi there BP'ers!I am working on getting my first wholesale deal. I found a 3bd 1ba house that is 1300 sq ft. Seller bought it 1 year ago from a friend that was going through a divorce for $50K. He said he has done abo...
Richard Warren
Not So Fast On The Toxic Assets Plan
The stock market was absolutely giddy after the release of the Obama administration’s plan for toxic assets. However, not everyone is drinking the Kool Aid. Paul Krugman, the Nobel Prize winning NY Times columnist...
Terrance Clark
Found a Property I love but...
I have found a property I absolutely love. It is a 4unit multi-family located in NC. It is fully occupied with, and is listed for 249. I like this property for several reasons location, after renovated with desirable ...
Brilliant Clayton
Cap Ex
Newbie Question
Wouldn't obtaining insurance (comprehensive home owners insurance) on a rental property take the place of cap ex?
Looking forward to the responses
Paul Papamarkos
Low appraisal for HELOC
Hello BP
Recently I applied for a HELOC on my home and was looking to use the money to invest in a rental property. The home appraisal from my credit union was significant lower then what I expected. The credit union...
Howard Chen
First House Hack With A Brand New Home!
Investment Info:
Single-family residence buy & hold investment in Sacramento.
Purchase price: $417,092
Cash invested: $14,600
This will be my very first owner-occupied house hack, scheduled to cl...