Jalen Chanthaboury
Dropped Out of College
Greetings BP,So I’m 19 years old, from the Chicagoland area and I’ve decided to drop out of community college couple of weeks ago. I realized that a traditional education wasn’t for me and it would hold me back from a...
Account Closed
Advice Needed : I'm taking over an Duplex with existing tenants
Advice Needed: I'm taking over a duplex with existing tenants. I have a few questions. Hopefully, you all can help me out.I have an offer on a duplex with existing tenants that’s going through the diligence period.The...
Brandon Arnett
Should I recast my mortgage loan?
Hello,I have a few rentals and need some input. I have one property that I bought last year for $475kCurrent value is $520kInterest rate 6.75%loan amount is $352,000 (I put 25% down when I bought it)Monthly P/I escrow...
Ashley Dais
Velocity Banking Method
Has anyone used the velocity banking method? If so how did it work for you?
Marc Ramsay
To sue or send to collections?
I have a cleint who had me arrange some advertising for him for a RE seminar he put on, then refused to pay the bill. I am being chased by the advertising company because I mistakenly put the contract in my company...
Natascha Bybee
Honoring existing leases
Hello all!
When purchasing a leased property, must you always honor the existing lease? Are there any states that allow you to renegotiate or terminate the lease? I have looked at landlord/tenant law in multiple stat...
David E.
Assignment Fee Agreement
Hello, We have closed multiple transactions and have never had this issue come up so I'm seeing if anyone can provide some direction. Description of the issue: Had a property under contract for $215kFound a buyer will...
James R.
How do I value this Craftsman renovation?
Hello everyone - My wife and I are considering purchasing a 1927 craftsman style home in North Oak Cliff. The home is a "full renovation" - brand new electrical, new plumbing, new roof etc. Its a great house - problem...
Virginia Jones
Do you turn off a natural gas furnace in the summer?
One of our rentals has hot water heat powered by a natural gas furnace. The furnace has an automatic pilot light so it doesn't have a flame that needs to be lit. Would you leave it on in the months when it's not being...
Alice Ward
What is your take on undocumented folks as investors?
I speak six languages, Portuguese being one I am very fluent. I get approached by undocumented Brazilians all the time trying to find a way to invest. What’s your take on it? Is it possible? Are they simply processed ...