Monica Graves
SHould I foreclose and rent
My primary house has substantial structual problems - report shows $20K in repair, needs new roof $5000 and windows/doors $3000, and updates $15000. I am upside down $35,000 from loan to value. This totals $78K in the...
DJ Porter
MPF on an assumable loan.
I ran into a MFP for sale on the MLS. 78 units total. The list price is $4,900,000. But there is an assumable loan of $2,740,000 at 3.96%. I'm not sure how much longer the term is.
This may sound crazy; If I bought ...
Joshua Nackenson
Dealing with Tenants that Smoke...
I have been renting out a single family house since July and the tenants have been low maintenance, but I just did a quick inspection of the property and the garage had lots of incense all around in an attempt to remo...
Austin Helie
Off market deal - 10 years vacant
Hi BP Community,This is my first post, so please bare with me and help me learn if I make any forum guideline no-no’s. I recently moved to Greenville, SC for work.I was driving for dollars yesterday and came across a...
Ryan Bird
Insurance restrictions - service animals question
My insurance firm provided me a list of restricted breeds. However I’m getting potential tenants reaching out with service dogs that are in the restricted list. What are my options? I believe I can apply breed restric...
Zachary Gross
First deal, 5-unit. Rehab or run?
I'm new to BP - this is my first post and I've only recently become obsessed with real estate - consuming everything I can get my had on for the past 4 months. Sorry for the long post, I'm a details guy.
I currently ...
David S.
Lead Paint removal on the exterior of a house - and general paint
I am looking at painting a fourplex. Three stories with peaked roof. First quote I got was $7500. I'm going to get a second, but I'm also wondering how difficult it would be to do it myself, with a little help. Anyone...
Marina Loos
Umbrella Insurance - 1 more claim - Can't get one with the other.
Earlier this year I tried to purchase umbrella insurance. I was told by State Farm and Progressive that since I had 2 previous claims (both in 2021) I would have to wait until 2023 to get approved. So now that 2023 is...
Mark Ainley
Outsourcing CHA Inspections / Capacity Overflow
Morning All, Our portfolio under management is made up of roughly 57% CHA tenants (Section 8) and with that comes the task of annual CHA inspections. Some are easier inspections than others but some turn into larger ...
Bernie Huckestein
Income for renter(s)
Looking to fill my first rental property and looking to confirm the minimum income.I have read in the BP book that we should look for a minimum gross income of 3x the rent. My question is if I have two people (not ma...