Ian Crane
Introduction (Step Three: Introduce Yourself)
Hi everyone!
My name is Ian Crane and I live in Vancouver, WA. I'm a software engineer at heart and by trade, and I'm currently closing on my first investment property, a 1-level condo. I listed additional non-real...
Arnie Guida
Reduce Rent For Work?
One of my tenants does flooring for a living. He asked if he could put new carpeting in his apartment, and said it wouldn't cost me a thing, that they had plenty of leftover carpeting to do the entire unit, and that h...
Chris Billington
Note servicer advice in Denver area
Two of our rentals have about 10 years left on them at 4.875% - refied 5 years ago on a 15 year term. These rentals have been in service for years and cash flow nicely. I recently set up a trust for my mother which no...
Mark Ferguson
HUD bid period timelines
I keep seeing posts on the HUD timelines and a lot of people have different ideas of the bid periods.
HUD has the same bid periods in the entire country but they can vary according to property type.
1. FHA insured...
Funyon Funyon
Should we work out a payment plan with our tenant?
We had a misunderstanding with a tenant (involving a transfer of a lease) and they failed to pay August's rent. (No one and everyone was at fault as it was legitimately a confusing situation.) He has paid all the othe...
Arthur Banks
Looking to owner occupy fully rented 3 unit
I'm looking at a fully rented 3 unit. The tenants are all on M2M (month to month) leases with rents that I believe are below market.
My issue: I'm looking to restart investment career by owner occupying to av...
Rich Hupper
Probate Deal Finding Strat
Hi BPI finally have a system for finding probate deals. There is a website in Massachusetts that allows you to search the probate case files. What I do is the following1) search for all cases open 2) google the decede...
Henry Grayson
Housing Inspector requiring retrofitting of windows
Hi all,First post here and I couldn’t find it answered anywhere else - I have a 2-unit in Portland Maine built in 1920 and for the first time this year the fire safety inspector measured my upstairs bedroom windows an...
Greg P.
Question for Flippers - Taxes
Hello, I am wondering how many of you save on taxes. I met with a accountant and he is saying over 250k a year is at a income bracket of around 33% plus there is state tax and social security, etc. Sound like a lot ...
Guillermo Oyola
Bonus for contractor
What are your thoughts on giving a contractor a bonus for finishing a job well ahead of schedule and not going over budget? This is someone that I want to continue to work with and build a relationship. They also are ...