Chris Risi
How to use Cap Rates to underwrite Deals?
Hi all, for some reason cap rates confuse me. I was recently told, the lower the cap rate, the higher the property value. For some reason, I always thought the higher the cap rate, the more valuable a property should ...
Seana Yates
How do you structure "partnerships"
Hi All,New investor here, but I'm a commercial property manager and house hacker so not entirely green. My question is, how do you guys structure partnerships? For example, if I take the DSCR loan myself and use a HEL...
Vik C.
If I have homeowner's insurance and umbrella insurance, how badly can I get burned?
Let's assume I have both homeowner's insurance on a SFH rental as well as personal umbrella insurance. The SFH is owned in my name, not via LLC. Let's assume my umbrella policy covers me up to $10MM in liability, just...
Mike Oconnell
Would you rent to a tenant who's income is paid "under the table"
Would you consider a tenant applicant who supposedly has great rental history, great work references, etc., but works for himself and gets paid in cash, "under the table"?This is a red flag for me as I assume if he bl...
Donna J
SS with Chase while current?
Has anyone been able to get Chase to agree to a short sale while current on payments? Has anyone been refused by Chase because they were current on their payments?
Tayvion Payton
Seeking Advice: Is $850K a Reasonable Offer for This Multifamily Property?
I’m considering a 20-unit multifamily property listed at $1.6M, but the seller has indicated they’re willing to accept $1.25M. Here's a breakdown of the situation:
Current Occupancy: 80% (16/20 units occupied).Curren...
Andy Sabisch
Question on tenant smoking marijuana
Question . . .our leases have a NO SMOKING INSIDE clause. On one of our duplexes, the tenant on one side reported that the smell of marijuana is coming from the other side. Not going to get into a discussion about p...
Lisa Carpenter
Keep deposit if tenant breaks lease?
My tenants got divorced and couldn't afford to pay the full rent. Over the phone I said I would accept a smaller amount, knowing I could deduct it from their deposit. This is legal correct? Also, I just found out t...
Lanita Woods
Potential Tenant with a Question for Property Owners
I was interested in some advice or suggestions on a property I was interested in. To get to the point, I viewed a home for rent that me and family really liked and I wanted to ask the owners if they would be willing t...
Mark Stojic
HUD Inspection Contingency
Hello BP,
I have a question regarding a HUD home my wife and I put an offer on a couple months ago. Our offer was rejected, but last week our realtor notified us that our offer was accepted as a backup off...