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I am in the middle of closing on a duplex. Appraisal came back with a “possible roof leak based on peeling paint on the ceiling” and “insulation on the steam pipes in the basement appears to be friable and MAY contain...
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I have a few rentals in college towns. As everyone knows, colleges have been closed due to COVID19. I have college tenants who are wanting out of their contract due to counting the Coronavirus as an “act of God” (ther...
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Hi Bp Community just want to share something that happen to me recently. This is mainly for those who are thinking of investing in real estate and never really get it going, and i want to say I'm guilty of it myself. ...
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Something new with every house: I have a 1300 sft ranch under contract that needs major work and it also happens to have hydronic heating. The heat source seems old and I will replace it, which I normally do with t...
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Hi BP Community, I am fairly new to the RE industry but am looking to get my hands dirty in anyway I can. While I can find and work on projects on my own, I would like to join forces with an experienced investor and s...
I sat down with my accountant today and discussed hope to maintain my investor status while I transition to a full time investor. He assured me that fix and flips would never jeopardize that status. However I have...
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Hello everyone, I am new here, Obviously :-) I don't want to get into extreme detail on how I am in my situation, but I will give you everything you need to know. I am a founding team member of an enterprise software ...
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Hey folksI have a private banking with WF who also offers me portfolio lending on properties held in my name or my LLCs. They do not extend this to my C-Corp where I have a number of properties (yet at the same time, ...
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Hello fellow investors! I am an active duty Air Force member currently stationed in Hawaii. I got started into real estate investing by accident. I purchase my first primary residence in Idaho back in 2005 (80/20 i...
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I have SFH rental and have mortgage with same lender for few years now, all of sudden received notice to get buy flood insurance. I ended up getting flood insurance as, if I dont buy with in time they provided they wo...