Collin Hays
Lawsuit time! A reminder about risk management for your STR
This occurred on Sunday. Thankfully not at one of our properties, but one about three hundred yards away. A heavier gentleman was apparently walking up the stairs to his cabin, a step gave way and snapped, and his l...
Mike Sanders
Harassment, Threats, Blackmail from evicted tenant
My evicted tenant will not stop harassing me, threatening me, and trying to blackmail meI have made some huge mistakes and I'm trying to climb out of this hole. Please help.I moved into a 1bd apt in June 2015.October ...
Mike Ross
Rent a tool or buy it? Where do you draw the line?
Hey BP, I'm out here trying a "flip-in" and know I am not looking to become a full time contractor at any point. When fixing things up I often struggle with buying it vs borrowing the tool from home depot. Many th...
Richard Graham
Freddie Mac wont pay negotiation fee
Hi every one. I have a deal I have been working on since October. Loan is with SunTrust (Freddie Mac). My LLC stepped out of the way to let the end buyer buy directly from the bank. Agent is only getting 3% and my ...
Kimberly T.
One applicant qualifies on their own - let other one live there as "occupant"?
Curious what other landlords do in this situation. Someone applies for a unit you have for rent, and meets all your qualifications (income, credit, rental history, etc.), but wants their friend/significant other ...
Andy O'Neal
Water Heaters in 5+ Bedroom Homes
I'm in the market for a new electric water heater for a 5 bedroom home that sleeps up to 12. I'm willing to go down to 2 gpm for each of three shower heads. In the experience of the esteemed forum members here at BP, ...
Donald Aleshire
Paid Off Rental Properties: Next Options?
Hello,This is my first post on BP and excited to become a regular users! I have been reading a lot of books on Real Estate investing and methodologies, listening to the podcast's on BP and going to meet up groups to l...
Patrick Philip
What do you think about this contingency clause?
I am looking for a way to protect myself against buyers causing me to take my house off the market, and end up wasting my time.What could go wrong if I added this clause to the purchase contract? This says that the bu...
Renee K.
Inheritance Tax on a foreclosure
Hi from Pennsylvania!
I am looking at a home that is foreclosure and is set to sell at a Sheriff's auction. The title search returned that the property is encumbered at 145K. The owner, who is still on the deed/title...
Account Closed
Licensing Boat Slips to Pay off Marina Mortgage?
BP Family,I have stumbled upon a deal which could prove to be exceptionally lucrative, assuming my financing plan turns out to be feasible.The property: A marina on a large lake in Alabama. It has 24 boat slips which ...