Julie Kern
Should I hold firm or negotiate this deal?
We put an offer in on a property yesterday and we're waiting for the seller to "run numbers" and get back to us (tomorrow morning). My plan was to hold firm at our offer price, but now I'm wondering if that's the bes...
Kyle King
Seller files BANKRUPTCY at 11th hour on apartment complex. How do I work with the Seller?
I have an apartment complex (150 units) in Texas that was offered at great discount from a Seller that was in default. The complex was up for foreclosure today (1st Tuesday -March).
I got offered ...
Shafi Noss
Is Depreciation Worth Anything?
I see a lot of investors get excited about depreciation because property values usually go up, but investors can report they went down on their taxes.I am skeptical this is actually an advantage.For example, commercia...
Steve Sayler
Fired Prop Mgr, now getting charged with "Cancelation fees" - Is there a solution?
Owner Termination - Cancellation FeeSomething you never hear about is HOW can an owner terminate a Prop Mgr!. In my case I was fed up with lies and incompetence, and switched to another local Pro mgr company. but I a...
Ben Smith
What should we do?
Our story starts over two years ago. We moved to the Atlanta area from out west with a job transfer and bought a new home in a subdivision that at the time was building and selling homes at a rapid pace. We purchas...
Account Closed
Seller not responding with 2 weeks until closing
Currently in the process of buying a home (or so I thought) and I just got the appraisal with two weeks until settlement. The appraisal was $10,000 less than the price we agreed on. Seller was also paying full closing...
Roy N.
Apportioning costs associated with taking a second mortgage
[Note: I initially posted this topic with a poorly worded title - thanks to autocompletion on my phone - here. I am reposting with a new title and have cleaned-up the narrative].
I've been ap...
Anna M.
Not going to raise rents: Smart or just Naïve on my part?
I really do not want to raise the rent, but am I being smart about this or just being a naïve newbie landlord? I am a newbie at real estate, landlording and property management (going to be 1 year on May 4th 2016). ...
Miriam De Haro
AC unit was stolen after final walkthrough and before I got keys
Hello everybody! I find myself in a little trouble. Hopefully, someone will be able to provide advice on how to best tackle this; I would greatly appreciate it. I recently purchased my first house hack in Texas. The f...
Patrick Connell
Are Slumlords really that bad...
I was driving into the office today and had this thought.....are slumlords really that bad? Hear me out and then you decide.
I think it's safe to assume that most of the folks on BP would consider themselves ...