Joe Wood
Mortgage on investment property
Hey everyone,
Having issues with a potential short sale.
Putting 20% down, short sale was accepted very quickly.
Problem is that since it’s an investment property, my lender is saying that a 60 day “seasoning” of ...
AJ Vanderhorst
How to capture short term leases without airbnb
Hey all, I've been active in the STR market with multiple listings for three years in Kansas City. My traffic has been driven by airbnb and VRBO, although occasionally I've written up short term leases for guests who ...
Peter J.
How long to wait before offering rental lease renewal?
Hello BP,I have a pair of exemplary tenants that started renting from me in late August 2019. Their current lease ends on July 31, 2020. Given their status as exemplary tenants to-date, I'm inclined to send them a n...
Michael J Scanlon
Mobile home park key due diligence factors?
I’m looking at a 31 unit with double the open land to expand. The deal seems too good to be true so I’m wondering what I should do differently for a mobile home park in terms of due diligence? Do I calculate my number...
Alex Leana
New Investor - Connections in Western & Central NY
I am looking to make connections in Western and Central NY real estate markets, focused mostly in Buffalo and Syracuse NY. I am interested in house hacking my first property and learning from others in the area. I wo...
Alex SImon
Firing a property manager
How do you fire a property manager, properly?I don't have a contract with them on which I can fall back, they were the in-house property manager of the turnkey company I bought through. I'd buy from them again, but I...
Karen Chenaille
Can reno costs be rolled into a 1031 exchange?
Hey folks,I have a commercial property for sale. I intend to 1031 the proceeds into other commercial properties or multi family rental units. I am working w/ my realtor to identify several exchange candidates so that...
Dave Lawrence
Movin' on up, asset protection, etc
Good morning BP-ers. Long-time lurker, first time poster. I love the generosity and expertise of this site!I own three OOS investment properties, all SFH. I purchased "Property 1" in 2013 for $135K w/o doing any meani...
Megan Stateler
Lender denied loan due to “unmarketable” property
Looking for any advice please. After 90 days of escrow, my lender said my loan would not get approved due to “lack of marketability” of the investment property duplex based on appraiser not able to find any comparable...
Trent Werner
Portland Eviction Moratorium Experiences?
Since the start of COVID-19 has anyone had a difficult time understanding the eviction moratorium? For me personally, this moratorium has not impacted me too hard and I am curious how other investors/landlords are hol...