Suzie Remilien
Contingency-reserve fund when using investor money to buy mortgage notes
How much money do you set aside for contingencies (i.e.bankruptcy, unpaid taxes, evictions) when purchasing notes?Also, how long should such contingency funds be held and should they bear interest?
Manuel A.
LEGALIZATION OF ALL DRUGS
So I was reading the NUTS WITH GUNS post and that got me thinking about legalization of all drugs and I'm curious to hear what all our very smart BPer's think about this? It's fun as most people only talk about legali...
Glenn Willeford
Duplex Analysis
Long time reader but it is time to get the feet wet. Asking $95500 for a duplex that was gutted and rehabbed about three years ago. Everything new except the roof.Unit 1: 1 Bedroom/1 Bath, rent is a combination of sec...
Khoa Ha
Got contacted through DM. No deal established. Now what?
Hi BP,So I did a little scouting through my neighborhood and have around 400 addresses. I sent out my first batch of marketing and did received a call from one of the prospective seller. We talked and what she expecti...
Chris Thomas
Home warrantees - good investment?
Greetings BP community,What are your thoughts around home warrantees? I purchased on long-term rental property last summer and the seller included a 1-year home warrantee. It's up for renewal and I'm 50/50 on whether ...
Adam Robertson
Backing Out of Contract due to Covid-19 Fears
I need options for making this deal happen... New to investing. I am currently under contract for SF house, no COVID-19 amendment was in the contract. Was just contacted by the Realtor(also the seller's child, who we ...
Jordan B.
Annual Service for emergency HVAC repairs?
Hello,I was wondering if anyone pays an annual premium to an emergency HVAC service company for furnace and HWH repairs? If so who do you use? I think it would be good to have an emergency repair service on hand 24/7...
Sam Marriott
Discounted Lease for Plumbing issue?
Hey Guys,We have a plumbing issue in one side of a Duplex that we are currently trying to get a tenant in to. The volume of water coming into the unit is not sufficient and when you run multiple fixtures the pressure...
Mel K.
Need advice on how to Refinance a Non-Warrantable Condo
Hello Everyone,I am considering purchasing a cash-flowing Condo by seller financing. I know the seller , being a family member, will be okay with financing it for a few years but will want a lump sum payment in the n...
Chris Cyr
Can I ban smoking for tennants at will?
I purchased a 6 unit recently. There is 1 smoker on the first floor and it is awful. The tenants are all TAW without any written agreement that was passed to me at closing. I am going to implement a no smoking in o...