Jack B.
Tenant expected keys without rent upfront
I collected a hefty holding deposit from them a month ago to hold the place for them. Last night was our appointment to meet and collect first/last months rent, get the lease signed, and give them keys. Got it all don...
Wei Xie
Help with out-of-area renters
After listing my rental 2500sqft SFR for a few days, I got an inquiry today from a couple who plan to move into my area. They lived here before and want to move back and settle. They viewed the photos online and said...
Gabriel DeVita
Previous Termite Damage Found (HELP!!!)
Hello All,I'm working on closing my first rental property and everything was going according to plan until the termite inspection revealed prior damage and higher than normal wood moisture content in the crawlspace. I...
Arnauld Nakaha
Structuring a JV deal - James Wise podcast
Hey BP members, Happy Monday!I'd love you input on deal structure. After listening to the latest podcast with James Wise it makes sense to add JV as part of my arsenal, since I do have friends & family that have f...
Negar P.
How to deal with an unfriendly neighbor?
Hi everyone,
We recently closed on our first deal! I am so excited about that! It is located in California and is going to be a house hack where we rent out two sections of the property (a huge single family house) a...
David D.
Hard Money Loan Amount Formula
As a hard money lender wannabe I'm trying to figure out what formula to use in determining loan amount.
I'm thinking: the lessor of 65% ARV or 80% of purchase price. Is this too restrictive? Should it be 65% ARV on...
Kerrel Gomes
Buying rentals in Fayetteville and Raleigh-Durham NC
How has the current situation and lockdown changed your investment strategies? With the market temporarily down due to COVID-19 lockdown, what cap rate are you searching for? Level of rehab? Areas? It seems like a lot...
Manuel A.
Are You Ever Able To Make Listing Price Offers?
It's really just a curiosity of mine as there's a property that I'm going to be making a offer just $5k below asking. Is this unusual? It makes me actually feel uneasy so I'm re-analyzing everything over and over. Per...
Jay Kadlec
Contractor threatening to go to collections
Problem: Fire next door caused damage to our house.Solution: Hire company to fix house.Should and could have been just that easy, however as the process went along with this guy we grew uneasy and eventually backed ou...
Eric Wyche
Foreclosure Fianancing NIghtmare
Good Evening BP community,I really need your help with this financing question? OK here is the deal, my mother and I are trying to buy a foreclosed property here in S. Ga. She has the credit, I have the cash (recent...