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Know Your Rental Expenses to Ensure Healthy Cash Flow - Article
Being a landlord can be a lucrative proposition, but unforeseen expenditures can put a damper on profits if they aren't calculated into the rent beforehand. The reality is that the costs of a rental property extend fa...
Christopher Morin
Builder's risk insurance and Sub2
Hey everyone,So I'm only a week out from closing on my first Subject to: deal, and while I think I have my ducks in a row, I have some questions when it comes to insurance.I'm "taking over" 89,000 worth of loan from t...
Burt L.
Simultaneous Closing- How to Handle Buyers Title Policy Request When Policy Shows Purchase Amount?
I have a buyer on a strong deal, who understandably wants to examine the title policy before giving a deposit. Of course, they would be aware that the title policy is in the amount of the buy-side figure and I thought...
Eric E.
Best practices when using other people's IRAs.
This question is only for advanced investors who have financed deals with other peoples's SD IRAs. I have my first "private" investor willing to devote her IRA to my deals. I would put some "skin in the game", she ...
Anthony Tse
Condo Offer Accepted but No financials to provide
Hi All,First time posting in BP, long time reader/listener. I found a reasonably priced studio condo in a great area in NYC. It is a small 3-story elevator building- 14 units in total. My offer was accepted but the s...
Ikenna Okafor
To pursue or not to pursue a Quit Claim Deed
Hello guys, this has been a very informative forum for me. I need insights and advice on an issue. My spouse and I own 6 properties all in our personal names. We are thinking of transferring the properties into an LLC...
Matt Liu
Forgot to Buy Insurance!!!
I can't believe this - I just realized that the house I bought on Friday still has no insurance!!! Fortunately there isn't much there since it's a shell to be rehabbed. But no!!!!
Is there any way I can order...
Account Closed
Manayunk Electricians - Philly Area
Hi BP Community,I got my inspection report back for a duplex in Manayunk. Both sides have knob and tube electricals. Can anyone refer a good electrician that has experience with knob and tube, and would be able to pro...
Hen Ley
Title insurance for private lending?
I'm looking at becoming involved with private lending. I know when someone receives a traditional loan from a financial institution they typically are required to purchase title insurance to protect the lender. Do p...
Mychal Raynes
Tenant got a pit bull
Can I be held liable if a tenant of mine has a pit bull that bites? What actions would you take if one of your tenants brought a dangerous dog breed home.