Daniel Calderon
Buying a profitable lemon rental
I am buying an old house built in 1953 that has problems. The house is slightly settling in the back and the plumbing is "iffy". It's basically a lemon and if I get an inspection performed, it will not pass. That bein...
Mark Ainley
What can make a turnkey offering more attractive?
Hello all,We are a buy and hold investor that operates in and around Chicago. We don't typically sell our properties but we are in a scenario where we have a partner that has a life situation requiring the partner to...
Steeve Breton
New IRS Regulations on IRAs
Just received a newsletter from my estate planning firm with the following info. First time I hear of this. If true, this has substantial impact on how we work with our IRAs and something to consider when nudging...
Joy James
Is it legal and ethical to ask 2 agents?
One agent who we have history would list lower than we are comfortable with. She claims it would not appraise for our asking price due to comps in the area though our rents are higher than the comps. The other seems m...
Mitch Jorgensen
Tenant Breach Ultimatum - Wisconsin
Good Morning BP Community!
I recently purchased my first SFH rental about 5 minutes from my primary residence (duplex). This is my first case of a difficult tenant. She has been in the property for 26 days and I went...
Wesley W.
Medical Marijuana in rental units
So, this hasn't happened to me yet, but I am curious.With the advent of the passage of laws in various states allowing for the medicinal use of marijuana, I'm wondering how this interfaces with landlords and their lea...
Jeff Lucas
Do I have to Renew this tenant? HELP
Hey BP!I have a sticky tenant situation. I purchased a property last September and inherited a tenant (young disabled veteran) who had signed a 12 months lease expiring at the end of May. There is however, one line in...
Carlos Garcia
Tampa seller not willing to show interior of home
Hello,I have some potential off market single families that a seller wants to sell. One is 3/1 and the other is 2/2. The 3/1 there are 6 tenants living month to month and the 2/2 there are 9 months left on lease. S...
Alex Smith
Legal Non-Conforming MultiUnit - Financing Challenges
Hi all,I've been a lurker on the forums for some time - I finally made the plunge and made an offer and I am under contract on a triplex in a coastal city in Florida! This is a very unique property, and I have some c...
Sam Leon
Roof warranty dilemma
I have a rental property with a new roof installed by company A in late 2017.
Fast forward to 2021 and I have a section of the fascia that has been severely damaged by termites, the damage is such that I could pull o...