First time poster on Biggerpockets!An 88 year old friend of mine owns 1.47 acres of very prime land located on a busy retail corner. She has owned it for 50 years. She does not want to sell it, but lease it. She would...
BP Nation,I received a call from a seller today with the following scenario.* 4 bed/2.5 bath SFH built in 1980* has a 15 yr mortgage of $135K - owes approx $125 on it. note is about $1300 a month* has put in $120K in...
Hey guys, I plan on doing the BRRRR method, and trying to figure out a cash refi strategy that will work for my situation. First a rundown on some of the numbers I'm working with and my financial situation:$150k cash ...
Background: My first deal and it's been a bear to say the least. The deal itself was solid, but the business partner has been a pure headache. This deal has been a massive lesson (among countless others) for perfor...
Hey all!I'm looking for some opinions regarding buying a duplex to househack. I have a property thats on mls I made in mind. I want to purchase with a FHA loan so I will have PMI. With this property the owner pays all...
I recently purchased a home where the owner had to evict tenant. The tenant showed her true colors throughout this lengthy process. We finally closed and have started rennovations in the home. Oddly everytime I go do ...
Question for you 1031 experienced investors. I own 3 rental properties (duplexes) which I would like to 1031 into 1 larger purchase (12 plex). Can it be done or is it a 1 property for 1 property deal? Thanks for any a...
This is my first post, so please forgive any mistakes or blunders I make during it.I just quit my retail job yesterday and am starting work as an independent contractor for a flooring company. I also just found a town...
I sent out 100 yellow letters and apparently they hit today because I got two calls from free and clear homeowners. Both seem like they are retirees
One said that her home is 'ugly', she owes $20K on an insurance lo...
Came to an impasse with a retail buyer recently, somewhat of an interesting situation so I thought I'd share it with BP nation.
Roughly $750K owed on the property. Listed as a SS for $425K. Lender (our friend B of ...