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I have a contract on a 4 plex and have always used Farmers Insurance. I received a quote from Foremost which is almost half the cost. While I will carefully review and compare both policies to make a good decision, I ...
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We all saw in the big crash what can happen to the value of a property. I remember (like it was freaking yesterday) a property an investor purchased seven years ago for 93,000, and that was appraised 7 grand above my ...
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I recently went to renew my commercial lease that I've had for many years. After some haggling about things we settled on an agreed price and some minor improvements to the property.
When I got the lease it's full o...
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Hello, All!I spoke with a local Insurance Broker recently to get a better understanding of the potential complications when buying old, vacant homes to rehab into rental properties. She mentioned that I would need to ...
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Hey BP Family!Question when an investor/buyer wants buy and hold properties, NOT properties to flip, am i still treating it the same as when i wholesale a buy and flip deal? Meaning, ARV * 70%, calculating repairs, et...
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Hi, I am trying to purchase my first home, a fourplex. My plan is to househack by staying in one unit and rest out other three. I have already analyzed my deal in the Rental property calculator, its coming out a negat...
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Hi, I am recently facing a possible short sale, the property is about 35,000 under the water and one thing a firm I talked to told me that if the bank accepts the offer and the short sale goes through, that that I wou...
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Good AfternoonWe have an issue with current tenant. He is a long term tenant and starting to send rent payments late every month and his lease is up for renewal... If you can recommend a Real Estate Lawyer for advice...
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My father passed and his trust became irrevocable. My 2 siblings and I now have separate trusts derived from Dads (we all get a K-1). I want to use some of my inherited funds to start doing some PML and EMD but I do...
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Hi BP community,
I live in charlotte NC, and I am a W2 employee. I just purchased my first property with a 2nd home loan in Savannah Georgia that I am running as a short term rental. I believe this is considered acti...