I'm new to BP and to being a landlord in general. I'm the owner-occupant of a 2-family home on a 1.4 acre plot of land in Maine. Me and my fiance are planning on getting married on the property, so there will be a lot...
Hey BP, so I landed my first OSS rental property a week ago in Michigan and while I'm celebrating my victory as a new RE investor, I find out yesterday that the main water line to the building froze and the tenants ha...
If an ADU is proposed for a next door property-should this have been disclosed in disclosures? It’s a downstairs conversion with no new footprint but is a single-family neighborhood that will now have 2 units next door.
I’m closing on a property with some mold in the attic. The seller said he will treat the mold himself before closing. Should we require him to get a mold inspection letter afterward saying mold is remediated? If we do...
When sending out yellow letters, should I disclose that I am a licensed real estate agent up front or can I make some initial contact and then disclose at our first meeting? What do you recommend? How would you word...
All,
My partner and I have been driving for dollars hunting for our next deal. We've place bandit signs, placed flyers on doors, etc. Nothing yet but we are determined. I've been using my county tax data to see the ...
keep in mind reading this post that I have learned and pieced things together over 2 months, so this sounds like a "well you should have known he was a shady guy" situation, but it was too late by the time it was clea...
I plan on acquiring my first property this year through an FHA loan. I’m eyeing multi-unit for monthly cash flow. I mean to treat this purely as an investment property and will bite the bullet of living in a property ...
We recently bought a single family brick ranch with an attached garage. The previous owner had passed away and her cousin was in charge of selling it. We're living in the home while we rehab it. Just today we found...
I have learned that requiring 2.5 to 3 times the salary is the norm. Do you let applicants know if they ask you?On the one hand, I have read that it is better not to give out much information; on the other hand, I fee...