Travis Hewlett
BRRRR Strategy with a Niche - Oversize Garage/Shop
Hey BP,I wanted to share a deal we just closed on, in a market where cashflow is very tight and hard to find. The deal is in Calgary Alberta, which is currently a buyers market, but still hard to find good cashflowing...
Olga Levin
Lent money on second lien to a rehabber who stopped communicating
Hello BP community, Really need some help and ideas on dealing with this situation. I know I probably shouldn't have done this deal, but I have lent on 2nd liens successfully before. This one however, gone pretty bad...
Sheree H.
would you start eviction over $50? $160?
What would you do with tenants like these?
My tenants in Athens, GA have paid late every month. They never pay the late fees, and we never chased them for it because it wasn't worth the $50 or so. The last mo...
Corey Dutton
Interview with a Banker – Why Banks Still Aren’t Lending
With the exception of community banks and credit unions, most would agree that banks still aren’t lending. “Hogwash!” some of you bankers who are reading this will probably say.
As a follow up to a post I did nearly...
Ken Rishel
Response to Another Threat to Manufactured Home Finance
Response to Proposed Regulatory Prudential Standards for Non-Bank Mortgage Servicers Response prepared by Rishel Consulting Group – a consultancy for chattel lendersRishel Consulting Group is a nationwide consultancy ...
Mike Williams
Don't rent to strippers, hair stylists, or people on disability
Just a tip for you all starting out… Don't rent to strippers, hair stylists, bartenders etc… If they are in the cash business, they are uncollectable. You need to find someone with a good job that is not worth leavi...
Justin Case
How to unclog sink/tub pipes?
A tenant just called and said all her pipes are clogged and drain slow. I know to take the U shaped pipe off the sinks and clean them.
I did this before she moved in.
What do I do if it drains slow after I clean thes...
Sterling Stroud
Tenant refusing to get renters insurance
Hello, So a potential renter of mine is insistent that they do not need renters insurance even though I have told them how cheap it is and that it is highly recommended. Renters insurance is not required by law in Vir...
Amie D.
Tenants refusing to allow property showings
I own a single family rental in Kentucky and the tenants submitted a move out notice last month for when their lease ends on Feb 28. They were not responsive to the property manager’s requests for showings and when qu...
Lindsay Nguyen
Annoying Tenant
HI i just signed a lease with a tenant husband and wife to rent my singer family home for one year. They came twice before signing lease and checked everything inside and out. I was nice enough to let them move in a ...