Benjamin Kanevsky
electrical problem
My tenant called me last night and said that her daughter plugged in an iron in her room and that it somehow set off the circuit and there is no electricity in her room. She said that they unplugged everything in ...
David Francis
Gas leak, gas co took meter, landlord being confrontational
We rent a 40 year old house and on Sunday night, we smelled gas inside. We called the gas company and then sent out a guy who found 2 leaks: the stove regulator and an old in wall heating unit that is supposed to be i...
Christophe Noualhat
CPA costs to factor in
Hello everyone,I am looking at creating an LLC (2 partners) to buy my first property in the US and trying to find out costs related to accounting and tax returns.What is to be expected on this front ? I have a first o...
David Henriquez
serious question
okay i have property that inherited that is currently in pre foreclosure.i'm not planning on going through probate or anything like that (i dont qualify for a mortgage).so i was thinking is it possible to buy flip and...
Simon Shih
Condo for Rental
Newbie investorMy investment plan is to buy cheap condos with cash in decent areas on town and rent them out. I hope to buy one every 3 months.1b 1b560 sq ft$35,000 (will buy cash, probably offer 32,000)move in ready...
Ivan Cortez
Transitioning Inherited Tenants During Property Renovations
I am currently under contract to purchase my initial duplex, which will include two long-term tenants who are presently on month-to-month leases. Each unit is currently leased below market value at $595 per month and ...
Curtis Denny
Deposit return
Hello all, just closed on a tri and lo and behold had a move out before I could collect my first month from him. He did tell me he would be out before the first, and he was. No forward address. How long before he forf...
Catherine Ann
Tile grout crack with newly installed tile over backer board.
I recently contracted with a home repair company to install a tile floor. He came highly recommended by a friend. The installer suggested using two layers of 1/4" backer board instead of one 1/2". Now the grout is ...
Chris Harper
Rehab Repair Estimate
I found a home I'd like to purchase and rehab. I've been having trouble getting contractors to visit the property with me. What's the best way to get contractors estimate of repairs? I'd like to make sure my offer has...
Chris Hoffmann
Title Report - SFH or a 2 family
Hi BP,
First time posting. I am currently at contract for a 2 family. The house it set up as a two over two.
Tenants currently in place and would like to stay.
Property cash flows nicely and the rents are below m...