Samuel S.
FHA loan for a 3 unit: Renters or homeowners insurance?
Hey BP Folks,So I am in the process of acquiring my first rental property, and was hoping to get some input on the below questions. I will be using an FHA loan to purchase a 3 unit property, where I will be living in...
Caleb Crawley
GC referrals in Columbus OH
I currently have a SFH in 43219 that I am looking to rehab and convert into a long-term rental. In the process of using a quitclaim deed to put it under an LLC and empty the property of personal belongings. Now creati...
Patrick Moore
Chicago tenant eviction questions
First off, let me begin by saying evictions in cook county are the worst... This is my first rental. It's a 3 flat on the southside of Chicago and I live in one of the units(House hacking it). I filed the eviction, c...
Mac Bradley
How to ascertain property is indeed vacant post Foreclosure?
After Foreclosure, how can the new owner of the property ascertain if it has indeed been vacated by the tenant or in other words can be legally possessed by the new owner?
Say for example, What if the utilities are st...
Adam Pervez
Under Contact for my First House Hack
Hi all,
I am currently under contract for my first househack which is a Duplex in Phillipsburg, NJ. I am very excited! I wanted to get some input and make sure I am doing my due diligence. I initially submitted my fi...
Ty Wesley
Homeowners Insurance on a condo??
Whenever I'm putting numbers into a mortgage calcualtor, it asks you to put in homeowners insurance costs per year.
Right now I'm looking to buy a townhouse that belongs to an HOA like a condo would. (I'm a first ti...
Nathan Hui
Tenant Died, Family is Paying Rent...
Hey BP folks, I am under contract for a small multifamily I am planning on house hacking. While under contract we discovered one of the tenants has actual died recently and the family has been paying the rent while th...
Mike Mitchell
WWUD (what would you do?)
An owner is willing to deed me his house. The recent appraisal is $236k, The balance on the note is $207k. I'm thinking of having him deed me the place, market it like crazy and get it sold. I'll do a title search....
Julie George
Requesting relief of HOA fees
Hello,I am a new landlord and would like to pulse the BP community for some landlord advice. I recently closed on a 2 bedroom condo in Chicago and my tenants moved in on December 1. The unit is part of an HOA and ther...
Albert Johnson
Potential Property Damage
I have a rental that has a few units on the property. There are two gates to enter on the property. Recently a few cows entered the property due to the gates being left open. I took pictures of the cows footprints le...