David S.
Preventing Mechanics Liens and Should I be worried this?
Hi BP Community!I want to see if Developers, Rehabbers, BRRR’ers, Contractors and anyone else in this community could offer any advice about this situation.I hired a design-build Contractor to retrofit the garage of a...
Chris John
Please explain the mechanics of seller financing to me
I keep seeing people say that they buy using seller financing. I totally understand the potential benefits of that. What I don't understand is the dirty details that they're using to accomplish this. I have a few q...
Erick Garske
Contractor threatening mechanics lien unless his extortion is paid
Originally I hired a contractor in March 2015 for a job that he claimed would take no more than ten days. Three months later in March, he completed 80% of the work and had been paid 90% of balance. He claimed to be on...
Gary Kumar
Converting a Mechanic Shop/Garage to Restaurant/Retail Space
Hello,I've been looking at real estate in Milwaukee and Madison. Im interested in knowing the process on possibly converting existing garage/mechanic shop space into restaurant space. I've seen some businesses that ha...
Matt M.
Mold House
Hey All,I'm new at the flipping game and need advice on estimating rehab costs with REOs. I'm also no expert when it comes to the mechanicals so if they look older, I'll usually just include them in my rehab costs. ...
Philip Ganz
Mechanical Lien Lien Bond Solutions - Any Options less than 100%
I got a contractor lien on my development for 32,000. The bank will not release future funds unless I satisfy the mechanical lien. Therefore need to get a lien bond. I was quoted I need 100% of the actual lien 32,000...
Dustin Faeth
Issues with bad contractor now threatening to file mechanics lien
We are finishing up a rehab project right now and the contractor that was doing the work was doing a horrible job, taking too long and causing a lot of issues, so I decided to fire him this past Friday and cut my l...
Arthur Boand
Can anyone give me advice with a fradulent mechanics lien?
Jurisdiction: IndianaI signed a contract with a guy back in December. The contract stated that I would furnish $20k towards renovations to the house in my name. The work would be done within 60 days. In return he woul...
Lori Lori
Mechanic's Lien...when the person that owes is a TENANT
The scenario: the general contractor contracted with the subs, but has now filed for bankruptcy. The owners of the company for which the work was done are just tenants in a building (but enjoying their fancy new bar...
Lisa Miller
THE WHOLE FRONT YARD IS GONE, Mechanic's Lien or Attorney
THE WHOLE FRONT YARD IS GONE, Mechanic's Lien or Attorney?
I bought a house in 92 (Lot A), short platted the property built a duplex (Lot B) and sold Lot C. Flipped and sold the house in 94, with conditions...