I'm currently in the initial phases of talking with the owner, but here is what I know so far:Rents are about half of market...owner is aware of this. He hasn't raised rents in over 10 years as he prefers to keep the...
Hello BP Community,We sold our home and the portion of the funds (~ 400K) that had to be wired to our Mortgage Servicer was sent to a fraudulent account (Wire fraud) by the title company. While Title company is invest...
I found a very nice C class building with 10 units near me that seems like a great deal on the surface. If you use the 50% rule, the numbers are great. However, I have a list of expenses from the owner that total 65%....
Wondering if this is common and what we should be wary of as the note holder...
- We originated a note on a property (in Brazil, IN; Clay County in case that matters). We went through a local title company for the c...
I’m working the numbers on what could be my first deal. Any advice or words of wisdom??
This will be a buy and hold
REO - listed at 40k
I want to make a cash deal to get a better price - Any thoughts on what to ...
I have been reading forums and blogs on BiggerPockets for over a month, and now I am almost ready to make my first investment. My goal for next five years is to generate passive income to cover my monthly expens...
Hey BP community. I have a question about what financial information to include in a real estate business plan if I have not yet started any deals or projects. I currently have listed: an asset and liabilities stateme...
Hello BP!I purchased a 3 unit multifamily property in august of this year, it was occupied by 2 tenants and I moved into the 3rd unit, when signing new leases for the existing tenants one of them gave me notice to ter...
Hi All,Have a little bit of a weird situation that i was hoping to get some insight on- One of my tenants at my duplex reached out to me about an hour ago, stating that National Grid was at our property exchanging gas...
Hey BP,I received an appraisal back below purchase price and realized appraiser used initial offer and not the accepted counter offer on the appraisal report. Now there is an appraisal gap of 10k. I spoke to lender an...