Ronald Starusnak
BRRRR Refinancing Horrors?
Hey guys, we're moving forward with acquisition of some properties up here in Central New York. I am hunting a very specific niche market where we're not expecting appreciation, and we're not looking to make a lot of ...
Bryan Hancock
So Is BP Better or Worse Now Versus Two Years Ago?
I PMed one of the long-time BP members several weeks ago that was complaining about "certain members" increasing their post count. He mentioned that he didn't post as much now because of the involvement of these new ...
Cassidy Burns
Multifamily Properties Unit Break Ins- Whose responsibility?
Hi BP,
Looking for a little advise on how to answer tenants regarding break ins in both cars and units on the property.
We just acquired this property 3 weeks ago and had our first break in last night. We have ...
Janet Chi
Chances of clearing a fraudulent lien, risks in waiting to clear
Hello,I am currently in escrow on a home. It was listed at $1,088,500 and we offered $100k over asking. Almost 2 weeks into the process, it was discovered that there were 2 liens on the home. One lien was pretty small...
Abad Marroquin
Is this Certified Estoppel Letters correct?
I am buying a few apartments and I have closing tomorrow. Because many tenants don't have a lease, we requested certified estoppel letters. In the contract it is stated that "Seller is to provide the buyers with Estop...
Christian Hanus
Taking over MTM leases
In the process of purchasing my first multifamily property and have a general question regarding the mtm leases that are in place. The current lease they’re on describes how to submit payment to owner, obviously that ...
Tiffany U.
Heloc Denied We Need Help
Hello,My husband and I are actively searching for a rental property. We decided we would take a HELOC out of our home for our first deal. We decided on the amount and are going through our bank to complete the paperw...
Eric Chang
Oakland tenant not on lease or signed estoppel - can I kick out?
I purchased a rental income duplex in Oakland September 2017. In one of the units, the final tenant on the written lease is moving out. However, there is one other person, Sara, who has been living in the unit since M...
Kevin McKittrick
Outlets aren't grounded, does the landlord or tenant need to pay?
We are moving to a rental property in Seattle next month and the lease is already signed. After signing we mentioned using a portable dishwasher and the PM said it wouldn't work because the outlets aren't grounded. I...
Colton S.
Home Repairs
Hey guys,I have a big question that we do not know. First off, we are buying a home in the Wendell, NC area, this will be our primary residence. That being said there was some repairs that we requested on the home to ...