Paul A.
Taxes not paid prior to purchase
Hello All,I purchased my first rental property last June. Taxes are due twice a year here, and I just found out that the taxes were not paid on this property that were due in April 14. This was before I closed on the ...
Paul D.
Can a bank lend if house is ineligible for title insurance?
Can a bank lend on a house that you own free and clear but ineligible for title insurance?Possible Future Situation: House was purchased from a surviving spouse and deed was transferred and recorded without the deceas...
Jonathan Leake
How to Handle Water Damage Caused by Tenant?
Details:2nd floor tenant steam boiler was not heating his apartment, so instead of calling us to fix it, he turned a water valve that proceeded to send a massive amount of water into the radiator system, sending water...
Tim Kaminski
Attic bedroom question
BP,Looking at an old 1860s home for long term buy and hold that is listed as a 2 bedroom but definitely has 3. The third “bedroom” is on the other side of the hall on the 3rd floor and I believe may not be considered ...
Charlie Moore
WHAT IS ESCROW? WHY IS IT IMPORTANT???
- In your own words, explain escrow.....- Why is it important, how do i set it up in a bank....-New To investing... THANKS! HELP!!!
Andrew Javellana
Delinquency Property Tax Levy not caught by Title Company
Hello Bigger Pockets Community,Hope this message finds you well. I recently purchased a rental property and after closing escrow I found out a month later there is a levy placed on the property tax due to delinquencie...
Christopher Prince-Barry
Oil Tank Crisis - Please help!
Hi BP family,I need help in figuring out a path forward. What would you do?Background:Purchased 7/26 triplex in Orange NJ for $296k with a conventional 30y mortgage in my name. 2 oil tanks were onsite before purchase....
Buddy Holmes
A 1033 exchange due to Fire of a 1031 Exchanged Property.
I have/had a SFR in SC, which was an exchange property in a CA 1031. We had a severe fire with an estimated 6 to 9 months to rebuild.
We opted to use the insurance payoff to payoff the mortgage (BTW this is much more...
Abraham Rahmanizadeh
Property Liens by Contractor
Hi all,I hope everyone is doing well! We are having some problems with a contractor who had employees working for him that caused material damage by starting an electrical fire and then threw water on it which made it...
Michael McDermott
Should I create an LLC?
I currently own one single family rental property and am looking to purchase a duplex or a triplex next to rent out. Would it be in my best interest to create an LLC?
I'm a newbie here and am looking for all the guid...