Qina Cai
How to ensure pet does not damage the house?
70% of the tenant applications I got are with little pets. Agent advised me to charge a $800 deposit per pet. I worry if the pet damages the floor and wall, $800 may not be enough to cover. Is there any rule I can int...
Nick Gray
Where to Invest Between Deals?
The subject line says it all. Where do you invest capital between real estate deals? Individual stocks? Short-term bonds? Mutual funds? Index funds? The dreaded savings account?
Carlos Quiros
Property Management Repair Questions
Hello to all-
New investor question to all that can answer. I have a new duplex, needs work. Property management contractor is about 15% higher vs a contractor I found.
How does one go about refusing to use their co...
Alex Smith
Knob and Tube Wiring
My wife and I are in the process of purchasing our first investment property and it was recently discovered that 90% of the wiring is knob and tube. Rewiring the house (2,300 sf) will significantly cut into our renova...
Charlie Gonzalez
Inspection period without a contractor
Hi BP,I am in North Carolina getting ready to start doing my first BRRRR. I am in the process of looking for my first property.I was curious as to the inspection period. What if I do not have any contractors to walk t...
Orlando Glez-Jorge
Loan on uninsured investment property
Is it possible to get a loans on a paid off investment property that does not have homeowners insurance?If it is, please name the lender that does it?thank you in advance for your answer
Kinju Dudhia
Single mobile home- not in mobile home park
Good evening,
I am looking at a single mobile home placed in an okay subdivision. However it is very close to above average schools, walking distance from town , church, bank, and fast food places. The price is also ...
Diran Deukmajian
Investment Property #1
Investment Info:
Townhouse other investment.
Purchase price: $590,000
Cash invested: $200,000
This new-construction home offers an open-concept floor plan with 9' ceilings on first floor. The stylish...
Max James
Easement not disclosed, want to terminate contract
A co-worker of mine is in a sticky situation.He is currently under contract to purchase a home which has an easement on the property that takes up about half the yard and is a deal breaker for them. The problem is th...
John-Mark Chesney
2% cap on closing cost contributed by seller
I was talking to a conventional lender who is telling me there is a law stating that a seller can only contribute up to 2% of the purchase price towards the closing cost. Ex: $100,000 purchase price= a limit of $20...