All Forum Posts by: Mark Phillips

Thanks, I guess my original search wasnt specific enough. This is great. Thanks

Hi BP folks,

One of my tenants, a good tenant, wants to set up a small pop up pool in the back yard. Are there any issues with letting them do this? Insurance, liability? Do I need to add it to my insurance, or do they? Any other thoughts?

Thanks

Mark

Hi BP'ers

I am closing on my third property (wohoo!) this week and the house has appraised for enough but I have a question. I received an original appraisal for 95K on prop I payed 72900 on, so I was excited about the deal. 2 weeks later I received another appraisal from the same company, dated the same as the original, but now for...you guessed it, 72900. Ive tried numerous times and ways to contact the appraiser but they havent returned any calls or emails and the bank says they arent legally allowed to speak with them. 

That said the house did appraise for the cost I negotiated but I just feel like something fishy is going on. 

Any insight or future surprises I should be concerned about here?

Thanks

Mark

Thanks, Brandon

This is good info. I've since found someone but I appreciate you reaching out.

Thanks

Mark

Hello,

I need to repair/install some flashing on the outside of one of my properties. Can anybody recommend a good contractor in the Lehigh Valley, Bethlehem area of Pennsylvania. 

Thanks

Mark

Thank you all. Very helpful insights!

Mark

I have my first real property after becoming an accidental landlord. I want to transfer the gas and electric to them and there is a security deposit they they are required to pay to those companies. Should I be paying for it or should the tenant? 

Thanks

Mark

Thanks, Neil

They waive the 3% if we close on the deal and I dont back out for some reason, which Im not. Now all I'm left with is the $395 fee. Do you believe this a standard fee paid by a buyer to their agent?

Thanks

Mark

Hello,

My agent presented me with this ($395 fee), which I signed, because I assumed it was a normal part of the process. Ive come to learn that it may not be.  I close on the deal tomorrow and the mortgage company was surprised by this. I realize its too late but I'd just like to know if I got played. This is my first deal that Ive done all the way through. Any insight is appreciated. Thanks, Mark

Thanks, James. You are correct, it is a duplex. What you said is resonating with me and I like that approach.  

Thanks