Account Closed
Best flooring material for a rental
Bought a duplex, living in one half, renting out the other (potential for a third apartment above the garage) and I'm looking at doing some updates to the first apartment while I'm living there while also making plans...
Jackson Sandland
Why would a contractor ask if a property is my primary residence?
Why would a contractor ask if a property is my primary residence?What are the differences between a consumer hiring a contractor to work on an investment property v/s a primary residence?What are the implications, as ...
Nemi W.
Can I do anything with this request from seller?
A seller called me on one of my We Buy Houses signs. Here are the quick details:
Owes $170k (1 mortgage)
Worth $25k-$30k
3 months behind, no NOD yet, $770/mth
Her mom, who co-owned the home with her, passed. She ...
Katrina Cabral
What is your knee jerk reaction to these tenant applicants
I have an elderly couple applying for my SFR. They provided too much info which I will share here. She is 62, he 70. She is retired from the postal service after 25 years, he is retired from Ford Motor after a 35 year...
Jorge Gil
Question on purchasing a property with a tenant
Hello, we are about to close on our first property. The owner does not want to deal with the tenant so we got a better price but must close with the tenant in place. The tenant is month to month at this point.
I was...
Kaybreh Mathis
Roommates without Being on Lease
Hello! We just bought an apartment building and the previous landlord was absolutely terrible. We have several tenants with roommates that are not listed on the lease. He told them the other people could live there wi...
Howard C
Hold Paper but the Buyer defaulted on the Loan - What should I do
I am currently holding a 2nd mortgage on a property that I sold to a homebuyer. He is now in default for over a year (I am still making payments on time on the 1st). I don't wish to start a foreclosure process or a d...
Nik Krohn
Is this for real?? I need to buy out of state...
So I have done several deals in Utah & AZ but I have not done any recently in the last 12 months. I got an email this morning from BP about how this guy (success story below) purchased a triplex for $14K. See stor...
Bob Ebaugh
How to Set Monthly Rent
We have 15 doors, some SFH, some duplex/triplex's in St Petersburg FL. We've been setting rental rates based on Zillow, Rentometer and a review/competitive comparison to what's currently listed. However, we are co...
Brian Irk
Transferring Title to an LLC
Hi BP friends,
This is my first post. So I’m looking for some advice. My wife and I are currently small investors. We do currently have an LLC setup but after going to refi some cash out of one of the homes, I realiz...