Alexander Gee
Househack offer thoughts
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...
Erica Martinez
Evicted tenant keeps circling around
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 ...
Dale Walker
1031 Exchange Question Multiple properties to sell and buy 1
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...
Ben Jespersen
Buying with no money and no job
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...
Hal Cranmer
Got a response to Direct Mail..Now what?
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...
Jake Kucheck
HOAs and a Nash Equilibrium Conundrum
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 ...
Harry M.
Lease renewal question
Hey Folks - quick question for you.
We recently purchased a duplex, already with tenants.
The leases are up soon. My question is about how to handle the renewals:
1) Create a new lease.
2) Create an addendum to the ...
Bienes Raices
Do you act as your own registered agent for your LLC?
The paid services charge around $100 a year and I've heard some of them aren't very good. Does anyone here act as your own RA, and is it safe? Do you lose the court case automatically if they show up once to serve you...
Derrick Carpenter
I probably overpaid a little......Now what?
Background - This was my first rental property. I purchased a SFH in Raytown, MO last year for $50K and did about $4K work to get it ready to rent. I was able to rent it out in about 1 month and I am getting $800 per...
Cory Bousfield
Capital Gains after converting a Primary Residence to a Rental
I am wanting to make sure I understand this situation properly. Greatly appreciate the replies!During my home ownership, I have seen significant gains over 8 years. Lets say I want to purchase a new home to live in an...