ROK O'Kelly
Is there a specific type of Homeowner Insurance needed for my rental property?
Hey BP Fam. I own a 4BDR and 3 BR townhome that I rent out to college students. I have standard Homeowners Insurance for this property, but I'm wondering do I need a specific type of homeowners insurance since its a r...
Tracey Williams
Buying directly from the Bank
Hi friends,
I went out to look at a property today. An officer of the local bank that owns it came to show it to me. He inform me that if I have to bring in my agent I will have to come up on my offer. I like the pro...
Caleb Heimsoth
Impact of new tax bill (Forbes article)
Here a good article by Forbes that breaks down a lot of the new stuff in the tax bill.
It clearly mentions real estate at least twice. The author argues that those who sell real estate could be adversely affected ...
Account Closed
Cancellation of Sale and Purchase Agreement- I'm a Buyer
As a wholesaler in Washington I am concerned about a Seller who may not fully disclose material defects that affect the value of the home. As a wholesaler we sign purchase and sale agreements before the inspection per...
Mindy Jensen
Denver rent collection: Can landlord collect double rent?
A friend was renting a place in Denver, and just purchased a home. She had to pay rent in May because she wasn't sure when her closing would take place.Landlord appears to have rented it out now. Can landlord collect ...
Troy F.
Can you add cleaning to a lease?
Hello,I have a great relationship with our long-term tenants in our multifamily. They have each lived there between 5, 10, and 20 years. I've owned the building for 5 years now. I've asked them to clean their apartmen...
Al Y.
Who do you use for CASH OUT Refi on multi family? Terms?
I’m looking to cash out a 3 family property in NJ that I bought cash and remodeled. My main bank says after 1 year they can do 75% LTV based on appraisal. Under 1 year they do 75% of purchase price max... rates for LL...
Jim Peckey
Requesting help with screening our first tenant!
Hi BP,
As
rookie landlords, we've recently listed our first unit for rent @ $850 per month - an upper 1bed/1bath apt in a duplex that we owner occupy & currently live in the lower unit. We're hoping to get so...
Severin Sadjina
Started marketing with rent probably too low | What now?
Hi folks!Severin, the nerd from Norway here, and I could use some input...Short version:Looks like I set the rent I ask for to get my first deal* rented out too low (about 10% under market) by accident. But I already ...
Anna Cerda
Creating a Multi-family out of Containers
Does anyone here have any experience building homes out of containers? pros? Cons? Are they cheaper than traditional structures?