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So I have an accepted offer on a duplex where the bottom unit is currently occupied by the seller's son, who wasn't paying any rent at the time - I knew this before I made the offer. I spoke to him (the son) briefly y...
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Hi BPites,As we all know the MFR market is pretty hot and deals are far and few between. A strategy I have been following is to make few offers every week without seeing each and every property. I strike out almost 10...
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In the past I utilized an FHA loan to purchase my first investment property which is a 4-family I also live in. My most recent acquisitions have both been duplexes that I acquired using a HELOC and funding minor/mode...
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Hello BP community. I just wanted to get your opinion/ advise on my current situation. This week I will be closing on my first investment property. Its a three unit in Sacramento. I will be living in the front unit a...
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Good day all. I have a few RE quandaries that I could use some help with and I wasn't sure where exactly to start this post but I suppose this can serve as my BP introduction as well :-) By way of introduction, my w...
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First time investor here, looking to invest in a multi-family property that I plan to owner occupy.I am currently looking at a triplex listed for $135K. Looking at the county tax assessment, the property was assessed ...
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I’m trying to buy a 4plex, but one of the units needs finishing inside to be rented. The seller priced it finished or as-is. The only lender I can find that will finance it as-is is a local community bank in the area ...
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I just went under contract on a multi family property. The current tenants have been there for years. The current landlord has let the tenants run the show. There are numerous lease violations. I have no...
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I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...
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Hi. I’m a new landlord. How should i proceed w this situation. My tenant just called saying they just had a fire in the kitchen. They were cooking w a pan filled w oil and started a large fire and damaged the microwav...