Robert Sprague
Llc vs umbrella policy
Hello just looking for advice on purchasing my first Sfh rental investment property with regards to setting up an LLC or getting an umbrella policy and making sure the property is maintained. Seems llc triggers a comm...
Mary Louise Wong
Bought a triplex but occupancy permit only for a duplex
Hi guys,I just want to get input from some savvy investors that may have gone through this in the past. I am new to real estate investing and recently purchased a triplex in Pittsburgh. I had two vacancies at the ti...
Kory Denny
Buying property next door...
Hey BP community,I have another question for my experienced operators out there. I purchased a property not too long ago that is going to be a college rental/ long term hold near NC State (Raleigh) I'm about half way ...
Sandy Uhlmann
Lease Option vs Seller Financing vs Contract for Deed?
Initially, I posted this in the mobile home forum thinking since it was mobile home related, that would be the people to ask. After getting little feedback, I decided perhaps this question would be better answered by...
Jack Smith
Why do you think you should require your tenants be insured?
So whether you are renting to families, individuals or businesses, it's important as a property owner to require your tenants carry liability insurance. Why you might ask? Well there are several reasons for this. A si...
Ravin Scott
Help!! First Wholesale . . .
I have my potential FIRST property to wholesale.
The seller says the house appraised for $83500 in 1996. They are asking $50000 for the property. The seller is saying the house needs minor repairs. Like paint...
Brian Miller
Seller doesn’t wants out of signed contract
Hello BP,I wanted to know if a seller can back out of a signed contract? What should a buyer do if the seller gives the buyer a cancellation letter from there attorney, in the state of Illinois? Please let me know tha...
Zac Boelkow
How to find out what is important to a seller?
I was casually in negotiations on a duplex. The seller is willing to owner finance. He and his agent and me and my agent have never done an owner finance. Which seems fairly simple enough. At the last minute the se...
Omer Netz
Fix and flip opportunity with contractor as landlord
Hi,I am interested in making my second deal, I came across a rare opportunity that is a little complex. The homeowners want to sell the house because there is a problem with the foundation of the house.The homeowners ...
Bill Schultz
what to do with property
I have a duplex. Both sides rented out cash flows about $100 a month. Not much at all but I bought it as my first house and lived there for 9 years. It made alot of sense then. Now, its worth about $145,000. I owe abo...