Hello all, my first post here. Tried searching but couldn't come up with the answer I was looking for. First im looking for an opinion on the legality of my late fee clause pertaining to charging a 5% late fee for 1) ...

Hi BP,We are new to property management. We took the leap last February and purchased our first duplex.  There are two one bedroom apartments. The downstairs tenant is an elderly lady.  Per the previous owner, the ten...

good evening everyone!                  I have a question which I was asked and since I'm not a lawyer or have experience this maybe someone on BP has.                  Tenant been in the property since 2009. She sign...

I lent money to a flipper in San Diego who claimed bankruptcy and fled to Canada. I then realized the lender made over a million dollars when he foreclosed on his property. I was wiped out as second lien holder which ...

Hello,
I am currently renovating a house in Woodland Hills and am going back and forth on whether or not to do a long-term rental or turn the house into an Airbnb. There are a few similar Airbnb comps in the area tha...

I've got a question for anyone who is an Airbnb host AND a landlord...I have a situation that is good for me, but I'm trying to figure out the best way to handle it in terms of a contract/lease. I have someone who wan...

A few months ago I got a call from the agent I work with asking me to look at a place that her office had just listed. The seller had done the usual cosmetic "make it ready to sell" and it "showed" real nice.

But; it...

Hi, I'm an investor in a single-family home in southern CT. We completed refurb and got it listed in September, but it's not clear it will get an acceptable offer by November, then it gets quiet for sales. Therefore, ...

So I got out of class last night and my professor was telling me that, in order to do an income(investment) property, you will be charged with a higher interest rate compared to a property that you would finance for y...

Hey guys, 
I wanted to get your opinions on where you see mortgage rates going in the next 6 months - 1 Year. Obviously hard to answer given the circumstances but are sub 3% 30 year fix rates on the horizon ?
- Mike